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Issue Open Date
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27-Mar-12
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Issue Closing Date
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29-Mar-12
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Application Money
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100
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Allotment Money
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Price Band
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74
-
80
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Minimium Application No.
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80
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Issue Size (Shares)
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10991815
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Market Lot
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1
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Objective
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(a) Part financing the cost of construction of a PUC campus in Karnataka, which includes the cost ofacquisition of land;(b) Establishing new Coaching Centres at 20 locations; and(c) General corporate purposes.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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1909459
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15267040
|
7.99547934781527
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Qualified Institutional Buyers
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4626951
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27785520
|
6.00514680185721
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Retail Individual Investors
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4455405
|
9658880
|
2.16790168346088
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Business Description
We are an education support and coaching services provider for students in the secondary and higher secondaryschool and for students pursuing graduation degree in commerce, preparing for various competitive examinationsand undertaking chartered accountancy examinations. Our Company has operations across the states of Maharashtra,Tamil Nadu, Karnataka and Gujarat, through 190 Coaching Centres in 106 locations, as on May 15, 2011. Of these,our Company operates 28 Coaching Centres in eight locations in Maharashtra in cities such as Nashik, Aurangabadand Nagpur, through franchisee arrangements. Our Company is one of the leading coaching services providers inMaharashtra, with primary operations in Mumbai with 138 Coaching Centres in 85 locations as on May 15, 2011.We also provide coaching for competitive examinations for admissions to universities offering masters in businessadministration degrees through our subsidiary, CPLPL, which operates in four locations in Mumbai. Additionally,we have recently started operations at six locations in New Delhi and Gurgaon under the brand „Study Mate –Powered by MT Educare? through HT Learning Centres Limited (“HTLCL”), which is a joint venture of our whollyowned subsidiary, MTESPL with HT Education Limited. Our Company, through its Dubai branch, MTManagement Solution, also provides management consultancy services to a coaching center in Dubai which includesproviding coaching and administrative support services for secondary and higher secondary school curriculum ofvarious education boards.We provide results focused education support and coaching services. The main sections of students to whom ourCompany offers services are as follows:(i) School Section: The School Section consists of IXth and Xth standard students for (i) state boardexaminations conducted by the state education boards of Maharashtra, Gujarat and Karnataka; (ii) boardexaminations conducted by the CBSE; and (iii) board examinations conducted by ICSE;(ii) Science Section: The Science Section consists of XIth and XIIth standard students in science and forengineering and medical CETs conducted by the Maharashtra and Karnataka State Governments; and(iii) Commerce Section: The Commerce Section consists of (i) XIth and XIIth standard students in commerceand CPT conducted by ICAI; (ii) undergraduate students pursuing their bachelor?s degree in commerce;and (iii) CA IPCC and CA Final examinations conducted by ICAI.
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Promoter's Holding
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Total Share Capital
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16956885
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Offered to Public
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4375000
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Promoter's Holding (Pre-Issue)
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48.21
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Promoter's Holding (Post-Issue)
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42.88
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Address |
220
2nd Floor
" Flying Colors"
Pandit Din Dayal Upadhyay Marg
L. B. S Cross Road
Mulund (West)
Mumbai,
Maharashtra,
400080
Phone : +91-22-2593 7700
Email : info@mteducare.com
Website : www.mteducare.com
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Registrar |
Link Intime India Pvt Ltd.
C-13 Pannalal Silk Compound
L B S Marg
Bhandup
Mumbai
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Listed at |
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BSE, NSE
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Lead Manager |
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Enam Securities Pvt Ltd
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Promoters |
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Mahesh R Shetty
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