MT Educare fixes price band at Rs 74-80 per share

MUMBAI: MT Educare, an education and coaching service provider, has fixed price band of its initial public offering at Rs 74-80 per share of face value Rs 10 each, say reports.

The company is entering the primary market Tuesday to raise Rs 35 crore to partially finance the construction cost of a pre-university college campus at Mangalore, Karnataka and establish new coaching centres at 20 locations.

The issue closes Thursday.

The shares will be listed on both Bombay Stock Exchange and National Stock Exchange.