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Allotment
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Listing
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Issue Size
15,12,000 shares (agg. up to ₹[.] Cr)
Listing Date
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✦ AI Insight
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 8.81 | 7.55 | 4.22 | 3.20 |
| Total Income | 4.44 | 13.61 | 7.50 | 2.24 |
| Profit After Tax | 1.03 | 3.41 | 0.07 | 0.13 |
| NET Worth | 5.30 | 4.27 | 0.86 | 0.78 |
| Reserves and Surplus | 1.10 | 2.03 | 0.72 | 0.64 |
| Total Borrowing | 0.80 | 0.72 | 1.15 | 0.77 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of capital expenditure towards setting up of new coaching centers and for security deposits of the new centres | 7.65 |
| 2 | Branding and Marketing expenditure | 2.50 |
| 3 | General Corporate Purpose |
About Mittal Commerce Classes IPO
Incorporated in February 2010, Mittal Commerce Classes Limited operates digitally-enabled institutes offering coaching for commerce-related courses. The company specialises in preparing students for Chartered Accountancy (CA) and Cost Management Accountancy (CMA) exams, offering courses like CA Foundation, CA Intermediate, CA Final, and CMA Foundation. They also coach high school students in commerce for CBSE Class XI and XII exams. The company provides various learning modes to accommodate students' needs, including face-to-face sessions, live online classes, and recorded lectures. As of October 31, 2024, the company operates six coaching centers: three company-owned in Jaipur and three franchisee centers in New Delhi, Kolkata, and Jodhpur. The company plans to open 11 more coaching centres in key locations over the next 2 years, including Gurugram, Kolkata, Delhi, Lucknow, Faridabad, Jaipur, Nagpur, Raipur, Ahmedabad, and two in Mumbai. As of September 30, 2024, the faculty team consists of 50 qualified teaching professionals. Competitive Strength: Offers various learning formats, such as offline classes, live and recorded online sessions, and pre-loaded pen drives, ensuring flex
Contact Details
Mittal Commerce Classes Ltd. AddressPlot No. 12Rishi Colony,Tonk RoadJaipur, Rajasthan, 302015+91-9929325016info@mccjpr.comVisit Website