MT Educare IPO (Initial Public Offering) : Settled at 12.94% premium on debut

by khalid on 13/04/2012 · 0 comments

MT Educare IPO

MT Educare Limited’s shares got debuted today at Rs 86.05, a 7.15% premium over its initial public offering (IPO) price of Rs 80.00 on the Bombay Stock Exchange (BSE). At the end of the day, shares price was Rs 90.35 which is a premium of 12.94% over the issue price of Rs 80.00. The stock hit a high of Rs 90.35 and a low of Rs 86.05 on the listing day 12th April 2012. A total of 1,600,133 shares changed hands on the BSE. MT Educare Limited is a coaching providing company stablished by Mr Mahesh R. Shetty and having presense in almost all over India. They help students to build their academic records in the level of secondary and higher secondary level. They also help students pursuing graduation degree in commerce, preparing for various competitive examinations and undertaking chartered accountancy examinations.

MT Educare IPO (Initial Public Offering) Listing day Summary :-
Listing Date: 12th April 2012
BSE Scrip Code : 534312
Listing In : ‘B’ Group of Securities
ISIN : INE472M01018
Issue Price : Rs 80.00 Per Equity Share (Fixed at the lower level)
Face Value : Rs 10.00 Per Equity Share

On the BSE:-
Issue Price: Rs 80.00
Open : 86.05
High : 90.35
Low : 86.05
Close : 90.35
Last Trade : 90.35

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The Sole Book running lead manager (BRLM) to the issue are Enam Securities Private Limited.

Registrar of the Issue : Link Intime India Private Limited Mumbai.

Stay tuned to BellTheBull Blog for more on MT Educare Limited IPO !

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