(This is only an advertisement for information purpose and not a
Prospectus Announcement)
MT EDUCARE LIMITED
(Our Company was originally incorporated as MT Educare Private Limited
on August 19,2006, at Mumbai, as a private limited company under the Companies Act, 1956,
as amended (the "Companies Act".) Our Company was converted into a public
limited company on May 18,2011 and consequently, the name was changed to MT Educare
Limited. For details of the change in the registered office and name of our Company,
please see the section "History and Certain Corporate Matters" on page 150 of
the Prospectus.)
Registered Office: 220,2nd Floor, "Flying Colors",
Pandit Din Dayal Upadhyay Marg, L.B.S. Cross Road, Mulund (West), Mumbai 400 080
Contact Person: Ashwin M. Patel, Company Secretary and Compliance Officer; Tel: (91
22) 2593 7700; Fax: (91 22) 2593 7799;
Email: info@mteducare.com; Website: www.mteducare.com
PROMOTER OF OUR COMPANY: MAHESH R. SHETTY
BASIS OF ALLOTMENT
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
9,900 LAKHS CONSISTING OF A FRESH ISSUE OF 43,75,000 EQUITY SHARES AGGREGATING TO RS 3,500
LAKHS (THE "FRESH ISSUE") AND AN OFFER FOR SALE OF 80,00,000 EQUITY SHARES BY
HELIX INVESTMENTS COMPANY (THE "SELLING SHAREHOLDER") AGGREGATING TO RS 6,400
LAKHS (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 OUR COMPANY.
BID/ISSUE OPENED ON MARCH 27, 2012 AND CLOSED ON MARCH 29, 2012
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH. THE ISSUE PRICE IS RS 80 PER EQUITY
SHARE AND IS EIGHT TIMES THE FACE VALUE OF THE EQUITY SHARE.
The Equity Shares of the Company are proposed to be listed on the BSE Limited
("BSE") and the National Stock Exchange of India Limited ("NSE") and
the trading will commence on April 12,2012.
Our Company is undertaking this Issue under Rule 19(2) (b) (i) of the Securities
Contracts (Regulation) Rules, 1957 as amended ("SCRR") for more than 25%
of the post-Issue capital through the Book Building Process wherein at least 50% of the
Issue shall be Allotted on a proportionate basis to Qualified Institutional Buyers
("QIB"), provided that our Company may allocate up to 30% of the QIB Portion to
Anchor Investors on a discretionary basis. 5% of the QIB Portion (excluding Anchor
Investor Portion) shall be available for allocation on a proportionate basis to Mutual
Funds only, and the remainder of the QIB Portion shall be available for allocation on a
proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual
Funds, subject to valid Bids being received at or above the Issue Price. Further, not less
than 15% of the Issue shall be available for allocation on a proportionate basis to
Non-Institutional Bidders and not less than 35% of the Issue shall be available for
allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids
being received at or above the Issue Price.
The Issue received 6,962 applications for 54,746,560 equity shares
resulting in 4.4240 times subscription. The details of the applications received in
the issue from Retail Individual investor and Non-Institutional Investors are as under: (Before
technical rejections)
|
Category |
No. of Applications |
No. of Shares |
No. of times subscription |
A |
Retail Individual Bidders |
6,889 |
9,504,480 |
2.194 |
B |
Non Institutional Bidders |
39 |
14,753,840 |
7.948 |
C |
Qualified Institutional Buyers |
28 |
27,785,520 |
6.245 |
D |
Anchor Investors |
6 |
2,7027,20 |
1.555 |
|
Total |
6,962 |
54,746,560 |
|
Final Demand
The final demand at different bid prices is as under:
Bid Price |
No. of Equity Shares |
% to Total |
Cumulative Total |
Cumulative % to total |
74 |
6,929,840 |
10.817 |
6,929,840 |
10.817 |
75 |
558,160 |
0.871 |
7,488,000 |
11.689 |
76 |
3,120 |
0.005 |
7,491,120 |
11.694 |
77 |
4,184,960 |
6.533 |
11,676,080 |
18.226 |
78 |
203,600 |
0.318 |
11,879,680 |
18.544 |
79 |
1,040 |
0.002 |
11,880,720 |
18.546 |
80 |
43,652,480 |
68.141 |
55,533,200 |
86.687 |
Cut off Price |
8,528,320 |
13.313 |
64,061,520 |
100.000 |
TOTAL |
64,061,520 |
100.000 |
|
|
The Basis of Allotment was finalized in consultation with the Designated Stock
Exchange, being BSE Limited ("BSE") on April 09,2012.
A. Allotment to Retail Individual Investors (After Technical Rejections)
The Basis of Allotment to the Retail Individual Investors, who have bid at cut-off or at
the Issue Price of Rs.80 per Equity Share, was finalized in consultation with the BSE.
This category has been over subscribed to the extent of 2.1800 times.
The total number of shares allotted in Retail Individual Investor category is 4,331,250
Equity Shares to 6,120 successful applicants. The
category-wise details (sample) of the Basis of Allotment are as under:
Category |
No. of
Applns. |
% to
total |
Total No.
of Equity
Shares applied |
% to
total |
No. of Equity
Shares allotted
per applicant |
Ratio |
Total No.
of Equity
Shares allotted |
80 |
1,105 |
16.33 |
88,400 |
0.94 |
80 |
11:24 |
40,480 |
160 |
591 |
8.73 |
94,560 |
1 |
80 |
11:12 |
43,360 |
240 |
290 |
4.28 |
69,600 |
0.74 |
110 |
1:1 |
31,900 |
320 |
211 |
3.12 |
67,520 |
0.72 |
147 |
1:1 |
31,017 |
480 |
109 |
1.61 |
52,320 |
0.55 |
220 |
1:1 |
23,980 |
640 |
129 |
1.91 |
82,560 |
0.87 |
294 |
1:1 |
37,926 |
720 |
28 |
0.41 |
20,160 |
0.21 |
330 |
1:1 |
9,240 |
960 |
55 |
0.81 |
52,800 |
0.56 |
440 |
1:1 |
24,200 |
1040 |
24 |
0.35 |
24,960 |
0.26 |
477 |
1:1 |
11,448 |
1440 |
17 |
0.25 |
24,480 |
0.26 |
661 |
1:1 |
11,237 |
1680 |
10 |
0.15 |
16,800 |
0.18 |
771 |
1:1 |
7,710 |
1760 |
7 |
0.1 |
12,320 |
0.13 |
807 |
1:1 |
5,649 |
1840 |
9 |
0.13 |
16,560 |
0.18 |
844 |
1:1 |
7,596 |
1920 |
8 |
0.12 |
15,360 |
0.16 |
881 |
1:1 |
7,048 |
2400 |
42 |
0.62 |
100,800 |
1.07 |
1,101 |
1:1 |
46,242 |
2480 |
3,044 |
44.98 |
7,549,120 |
79.95 |
1,137 |
1:1 |
3,461,028 |
2480 |
|
|
|
|
1 |
8:11 |
2,215 |
B. Allotment to Non Institutional Investors (After Technical Refections)
The Basis of Allotment to the Non-Institutional Investors, who have bid at the Issue Price
of Rs. 80 per Equity Share, was finalized in consultation with the BSE. This category has
been over subscribed to the extent of 7.9482 times. The total number of equity
shares allotted in this category is1,856,250 equity shares to 39 successful
applicants. The category-wise details (sample) of the Basis of Allotment are as under:
Category |
No. of
Applns. |
% to
total |
Total No.
of Equity
Shares applied |
% to
total |
No. of Equity
Shares allotted
per applicant |
Ratio |
Total No.
of Equity
Shares allotted |
6240 |
1 |
2.56 |
6,240 |
0.04 |
785 |
1:1 |
785 |
7200 |
1 |
2.56 |
7,200 |
0.05 |
906 |
1:1 |
906 |
10000 |
2 |
5.13 |
20,000 |
0.14 |
1,258 |
1:1 |
2,516 |
22480 |
1 |
2.56 |
22,480 |
0.15 |
2,828 |
1:1 |
2,828 |
30000 |
1 |
2.56 |
30,000 |
0.2 |
3,774 |
1:1 |
3,774 |
48000 |
2 |
5.13 |
96,000 |
0.65 |
6,039 |
1:1 |
12,078 |
58080 |
1 |
2.56 |
58,080 |
0.39 |
7,307 |
1:1 |
7,307 |
62480 |
1 |
2.56 |
62,480 |
0.42 |
7,861 |
1:1 |
7,861 |
124960 |
3 |
7.69 |
374,880 |
2.54 |
15,722 |
1:1 |
47,166 |
150000 |
1 |
2.56 |
150,000 |
1.02 |
18,872 |
1:1 |
18,872 |
374960 |
2 |
5.13 |
749,920 |
5.08 |
47,176 |
1:1 |
94,352 |
475040 |
1 |
2.56 |
475,040 |
3.22 |
59,767 |
1:1 |
59,767 |
500000 |
1 |
2.56 |
500,000 |
3.39 |
62,907 |
1:1 |
62,907 |
624960 |
2 |
5.13 |
1,249,920 |
8.47 |
78,629 |
1:1 |
157,258 |
1250000 |
2 |
5.13 |
2,500,000 |
16.94 |
157,269 |
1:1 |
314,538 |
1562480 |
1 |
2.56 |
1,562,480 |
10.59 |
196,583 |
1:1 |
196,583 |
1700000 |
1 |
2.56 |
1,700,000 |
11.52 |
213,884 |
1:1 |
213,884 |
C. Allotment to QIBs
Allotment to QIBs has been done on a proportionate basis in consultation with the BSE. As
per the SEBI regulations, Mutual Funds were allotted 5% of the quantum of shares available
(222,480 Equity Shares) and other QIBs were allotted the remaining available shares
(4,227,106 Equity Shares) on a proportionate basis. The category-wise details of
the Basis of Allotment are as under:
Category |
Flls |
Banks |
MFs |
Total |
No of Shares |
18,77,708 |
9,58,509 |
16,13,369 |
44,49,586 |
D. Allotment to Anchor Investors
Allotment to Anchor Investors has been done in consultation with BRLMs. As per the SEBI
regulations, 30% of QIB Portion (1,737,914 Equity Shares) was allotted to
Anchor Investors.
Category |
MFs |
Flls |
Total |
No.of Shares |
6,75,680 |
10,62,234 |
17,37,914 |
The Board of Directors of the Company at it's Meeting held on April 10,2012, has
allotted the shares based on the Basis of Allotment of equity shares approved by the
designated Stock Exchange viz., BSE Limited ("BSE"), Mumbai, to various
successful applicants.
The Allotment Advice-cum-Refund Orders and/ or notices have been dispatched to the
address of the investors as registered with the depositories. In case the same is not
received within ten days, investors may contact the Registrar to the Issue at the address
given below. The Refund Orders have been over-printed with the Bank Account details as
registered, if any, with the depositories. The shares allotted to the successful
applicants are being credited to their beneficiary accounts subject to validation of the
account details with the depositories concerned.
INVESTORS PLEASE NOTE
These details of the allotment made would be hosted on the website of Registrar to the
Issue, Link Intime India Private Limited at Website: www.linkintime.co.in
All future correspondence in this regard may kindly be addressed to the Registrar
to the Issue quoting full name of the First/ Sole applicant, Serial number of the
bid-cum-application form, number of shares bid for, name of the Member of the Syndicate
and Place where the bid was submitted and payment details at the address given below:
Link Intime India Private Limited
C-13,Pannalal Silk Mills Compound, LB.S. Marg, Bhandup (West), Mumbai 400 078
Tel.: +9122 2596 0320 Fax: +912225960329
Email ID: mtel.ipo@linkintime.co.in
Place : Mumbai
Date : April 10,2012 |
For MT Educare Limited
Mr. Ashwin M. Patel
Company Secretary and Compliance Officer |
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET
PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF MT EDUCARE LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective
meanings assigned to them in the Prospectus dated March 30,2012 filed with Registrar of
Companies, Maharashtra.
The Equity Shares involves a high degree of risk and for details relating to the same, see
the section titled "Risk Factors" of the Prospectus.
This material is not an offer of securities for sale in the United States or elsewhere.
The Equity Shares of the Company are not being registered under the Securities Act of
1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws,
and may not be offered or sold within the United States, except pursuant to an exemption
from, or in a transaction not subject to, the registration requirements of the U.S.
Securities Act and applicable U.S. state securities laws. There will be no public offering
of the Equity Shares of the Company in the United States. This material may not be
published or distributed in the United States. |