Moxsh Overseas Educon Limited IPO Detail
Incorporated in 2018, Moxsh Overseas Educon Limited is an Edu-Medi Tech company engaged in the business of offering learning solutions, counselling and mobility services to medical studies (MBBS) students in India or abroad under our brand "MOKSH" (' student mobility services').
The company offers following services:
1. Student Mobility Services: (University Guidance, Application Support, University Placement, Travel Support, Post Arrival Services)
2. Healthcare Academy (Entrance Exams such as NEET-UG and for medical licensing exams such as USMLE, NeXT, FMGE etc.)
Moxsh Overseas Educon Limited's business model leverages upscaling technologies and uses up-to-date technology to deliver digital courses and learning solutions, which enables students to engage in self-paced learning.
As of August 31, 2022, the company has a presence across 23 touch points in India, of which we have a presence in 18 cities through franchisee arrangements and with the registered and branch offices in 5 cities viz Mumbai, Pune, Delhi, Bhopal and Ahmedabad.
As of August 31, 2022, the company has over 45 experienced, well-informed and well-trained counsellors and the company also has entered into contracts with 6 international universities from Lithuania, Croatia, Latvia and Malaysia.
Competitive Strengths:
- Focused 360-degree approach
- Unique Brand Positioning
- Strong network
- Experienced management team with a proven track record and Trained employee base
- Technology driven business model
Company Promoters
Priti Dhananjay ShahIPO Details
IPO Opening Date | Dec 21, 2022 |
IPO Closing Date | Dec 23, 2022 |
Issue Type | Fixed Price Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹153 per equity share |
Market Lot | 800 Shares |
Min Order Quantity | 800 Shares |
Listing At | NSE SME |
Issue Size | ₹10.42 Cr |
Fresh Issue | ₹10.42 Cr |
Offer for Sale | - |
Retail Portion | 50% |
IPO Subscription (Bidding Detail)
AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
---|---|---|---|---|---|---|
Day 1 | - | - | 0.20x | 0.86x | 0.53x | |
Day 2 | - | - | 4.98x | 21.94x | 13.46x | |
Day 3 | - | - | 93.10x | 107.78x | 100.44x |
IPO Tentative Timetable
The Moxsh Overseas Educon Limited IPO open date is Dec 21, 2022, and the close date is Dec 23, 2022. The issue may list on Dec 30, 2022.
IPO Open Date | Dec 21, 2022 |
IPO Close Date | Dec 23, 2022 |
Basis of Allotment Date | Dec 28, 2022 |
Initiation of Refunds | Dec 29, 2022 |
Credit of Shares to Demat Account | Dec 30, 2022 |
IPO Listing Date | Dec 30, 2022 |
IPO Lot Size
The Moxsh Overseas Educon Limited IPO market lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹122400).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 800 | ₹122400 |
Maximum | 1 | 800 | ₹122400 |
IPO Promoter Holding
Pre Issue Share Holding | 88.49% |
Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
Financial Year | Total Assets | Total Revenue | Profit After Tax |
---|---|---|---|
31-Mar-22 | 487.14 | 1009.49 | 111.2 |
Objects of the Issue:
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
1. Meeting the working capital requirements
2. Expenditure to enhance visibility and awareness of the brands
3. General corporate purposes
Moxsh Overseas Educon Limited IPO Registrar:
Bigshare Services Pvt Ltd
Moxsh Overseas Educon Limited IPO Lead Manager(s):
Fedex Securities Limited
Company Contact Information:
Moxsh Overseas Educon Limited
159/160, Kaliandas Udhyog Bhavan,
Century Bazar, Prabhadevi,
Mumbai - 400025, Maharashtra, India