MT Educare looks very expensive: SP Tulsian

He said, “If one compares MT Educare IPO with the Career Point, Career Point is a debt free company while MT Educare has a loan. It is much smaller than the Career Point and apart from that it is more concentrated in Mumbai. Its 80% revenue comes from Mumbai, so I don’t think all these points go well."

"If I would have been an investor probably I would have taken a call on the Career Point; now they are making expansions in Mangalore. So I don’t think things are too attractive for any investor to go for the share subscription at a PE multiple of 16,” he added.