MT Educare IPO Basis of Allotment

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

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)

Final Demand
The final demand at different bid prices is as under:

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:

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:

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:

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.

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.

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