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Moxsh Overseas Educon Limited IPO Detail

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 Shah

IPO Details

IPO Opening DateDec 21, 2022
IPO Closing DateDec 23, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price ₹153 per equity share
Market Lot800 Shares
Min Order Quantity800 Shares
Listing AtNSE 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 DateDec 21, 2022
IPO Close DateDec 23, 2022
Basis of Allotment DateDec 28, 2022
Initiation of RefundsDec 29, 2022
Credit of Shares to Demat AccountDec 30, 2022
IPO Listing DateDec 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).

ApplicationLotsSharesAmount (Cut-off)
Minimum1800₹122400
Maximum1800₹122400

IPO Promoter Holding

Pre Issue Share Holding88.49%
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