Shares of education support and coaching services provider MT Educare hit upper circuit on the listing day, shooting up 12.94% to Rs 90.35 as against issue price of Rs 80.
Traded volume on both exchanges was more than 18 lakh shares. The equilibrium price for a share has been decided at Rs 86.05; accordingly the upper circuit stands at Rs 90.35 and lower circuit at Rs 81.75.
The public issue had opened for subscription during March 27-29, through which the company raised Rs 99-crore. The issue had comprised of fresh issue of Rs 35 crore and an offer for sale of 80 lakh equity shares by Helix Investments Company.
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