MT Educare Ltd - IPO

MT Educare Ltd IPO Details

Public issue of 1,23,75,000 equity shares of face value of Rs. 10 each of MT Educare Limited (The Company or The Issuer) for cash at a price of Rs. 80 per equity share (including a share premium of Rs. 70 per equity share) aggregating to Rs. 99.00 crores consisting of a fresh issue of 43,75,000 equity shares aggregating to Rs. 35.00 crores (The Fresh Issue) and an offer for sale of 80,00,000 equity shares by Helix Investments Company (The Selling Shareholders) aggregating to Rs. 64.00 crores (The Offer for sale and together with the fresh issue, The Issue). The issue shall constitute 31.29% of the post-issue paid-up equity share capital of the company.Issue Price : Rs. 80 per equity share of face value of Rs. 10/- each.The issue price is 8 times the face value.

Objective of issue

Part financing the cost of construction of a PUC. Establishing new coaching centres at 20 locations. General corporate purposes.

MT Educare Ltd Contact Details

MT Educare Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - info@mteducare.com

Website - www.mteducare.com