MT Educare Limited IPO (Initial Public Offering) : CRISIL gives grade 4 out of 5

by khalid on 05/04/2012 · 0 comments

MT Educare IPO

MT Educare Limited (MTEL) IPO has got 4 out of 5 by CRISIL Research (rating agency) and this rating/grading is ‘Above Average’ for a coaching providing company. The grade 4 indicates that the fundamentals of the IPO are ‘Above Average’ compared to the other listed securities in India. 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.

The proceed of IPO would be used to part financing the cost of construction of a PUC campus in Karnataka, establishing new Coaching Centres at 20 locations and general corporate purposes.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (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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