MT Educare IPO
MT Educare IPO — date, price band, lot size & details 2012
MT Educare listed on 12 Apr 2012 at ₹86.05, 7.6% above the ₹80 issue price.
MT Educare provides coaching for secondary and higher secondary students, commerce graduates, competitive exams and chartered accountancy. Its total income was Rs 107.35 crore in FY2011.
Stock price
MT Educare is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 15 November.
- Open 27 Mar 2012
- Close 29 Mar 2012
- Allotment 09 Apr 2012
- Refund/credit TBA
- Listing 12 Apr 2012
Issue summary
The terms of the offer, as filed.
| IPO Dates | 27 to 29 Mar, 2012 |
|---|---|
| Price Band | ₹74 – ₹80 |
| Face Value | ₹10 |
| Lot Size | 80 Shares |
| Issue Size | ₹99 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,400 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 80 shares at the ₹80 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 80 | ₹6,400 |
| Retail (max) | 31 | 2,480 | ₹1,98,400 |
| S-HNI (min) | 32 | 2,560 | ₹2,04,800 |
| S-HNI (max) | 156 | 12,480 | ₹9,98,400 |
| B-HNI (min) | 157 | 12,560 | ₹10,04,800 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 75.17 crore in FY2009 to Rs 107.35 crore in FY2011.
- 02Profit after tax rose from Rs 2.62 crore in FY2009 to Rs 8.25 crore in FY2011, and was Rs 9.75 crore in six months to September 2011.
- 03It had 188 centres in 110 locations and served over 58300 students in 2010 to 11.
- 04It had little borrowing, at Rs 4.50 crore in FY2011.
Risks · 5
- 01Rs 64.00 crore of the Rs 99 crore issue went to Helix Investments as offer for sale.
- 02Coaching depends on exam patterns and on keeping its 1400 faculty and staff.
- 03The new PUC campus in Mangalore, part financed with Rs 20.00 crore, carries execution risk.
- 04Coaching is a crowded market, and profit was only Rs 5.23 crore in FY2010.
- 05The promoter held only 48.21% before the issue and 42.88% after it.
Three years of numbers
All figures in ₹ crore, as reported in the MT Educare offer document.
| Metric | 30 Sep 2011 | 31 Mar 2011 | 31 Mar 2010 | 31 Mar 2009 |
|---|---|---|---|---|
| Total Income | 72.29 | 107.35 | 85.79 | 75.17 |
| Profit After Tax | 9.75 | 8.25 | 5.23 | 2.62 |
| NET Worth | 56.91 | 47.75 | 41.14 | 35.83 |
| Reserves and Surplus | 21.74 | 13.40 | 40.10 | 35.66 |
| Total Borrowing | 4.50 | 5.00 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the MT Educare RHP.
Where the money goes
₹31.33 Cr of the issue is earmarked to named objects.
MT Educare IPO Anchor Investors
6 anchor investors across 2 fund houses committed ₹12.86 Cr a day before the issue opened.
| Anchor Investor | Fund House | Shares | Amount (₹ Cr) | % of Anchor Book |
|---|---|---|---|---|
| The Nomura Trust And Banking Co Ltd. As The Trustee Of Nomura India Stock Mother Fund | Nomura | 1,062,234 | 7.86 | 61.12% |
| Birla Sun Life Trustee Company Pvt Ltd A/C Birla Sun Life 95 Fund | Aditya Birla Sun Life Mutual Fund | 270,280 | 2.00 | 15.55% |
| Birla Sun Life Trustee Company Private Limited A/C Birla Sun Life India Gennext Fund | Aditya Birla Sun Life Mutual Fund | 135,120 | 1.00 | 7.77% |
| Birla Sun Life Trustee Company Pvt. Limited A/C Birla Sun Life Small & Midcap Fund | Aditya Birla Sun Life Mutual Fund | 162,160 | 1.20 | 9.33% |
| Birla Sun Life Trustee Company Private Limited A/C Birla Sun Life Mip | Aditya Birla Sun Life Mutual Fund | 33,800 | 0.25 | 1.94% |
| Birla Sun Life Trustee Company Private Limited A/C Birla Sun Life Mip Ii - Wealth 25 Plan | Aditya Birla Sun Life Mutual Fund | 74,320 | 0.55 | 4.28% |
| Total anchor allocation | 12.86 | |||
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It coaches students in secondary and higher secondary school, and students pursuing commerce degrees, competitive exams and chartered accountancy.
It served over 58300 students in 2010 to 11, with over 1400 faculty and staff and 188 centres in 110 locations.
The IPO was Rs 99 crore, with Rs 35.00 crore of fresh issue and Rs 64.00 crore of offer for sale by Helix Investments, at Rs 80, the top of the Rs 74 to Rs 80 band. The fresh money was for a PUC campus in Mangalore and new coaching centres.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
MT Educare IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Axis Capital
256 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of MT Educare?
The current Grey Market Premium is ₹0.
What is the MT Educare IPO price band?
₹74 to ₹80, on a face value of ₹10.
When is the allotment?
The basis of allotment is 9 April 2012, with listing on 12 April 2012.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
