MT Educare Ltd IPO

Closed

Subscription Details

  • Open Date 27 Mar
  • Close Date 29 Mar
  • Lot Size 80
  • IPO Size ₹ 99 Cr
  • IPO Price Range ₹ 80
  • Min Investment ₹ 6400

MT Educare Ltd IPO Timeline

Open Date
27 Mar
Close Date
29 Mar
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

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.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of MT Educare Ltd IPO

Contact Information

Address

220 2nd Floor Flying Colors,
LBS Cross Road Mulund (West),
Mumbai, Maharashtra 400080

MT Educare Ltd IPO Lead Manager

Enam Securities Pvt Ltd
Open Demat Account