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Mahesh Tutorials (MT Educare) IPO opens from today

MT Educare Limited, is coming up with an IPO of Equity Shares having a Face Value of Rs.10/- each, which opens from subscription today. MT Educare Ltd. (MTEL) under the brand name of “Mahesh Tutorials” is one of the leading coaching services providers in Maharashtra, with primary operations in Mumbai. MTEL currently caters to 58,300 students through 188 centers at 110 locations spread across Maharashtra, Karnataka, Gujarat & Tamil Nadu

MTEL has 757 faculty members across all coaching centers with dedicated 77 faculty members for students in the School Section to focus on providing personal attention apart from regular classroom coaching. CRISIL has assigned an IPO Grade 4 to MT Educare IPO. This means as per CRISIL, company has 'Above Average Fundamentals'. CRISIL assigns IPO grading on a scale of IPO Grade 5 to IPO Grade 1, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals

The IPO would remain open for subscription between March 27, 2012 and March 29, 2012. Stay tuned to Indian IPO Blog for more on MT Educare Limited IPO

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