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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:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-22 | 487.14 | 1009.49 | 111.2 | 147.21 | 111.21 | 43.57 |
| 30-Jun-22 | 587.14 | 17.12 | 17.12 | 201.84 | 162.84 | 112.51 |
| Amount in ₹ Lakhs | ||||||
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
| IPO Date | Dec 21, 2022 to Dec 23, 2022 |
| Listing Date | Friday, December 30, 2022 |
| Face Value | ₹10 per share |
| Price | ₹153 per share |
| Lot Size | 800 Shares |
| Issue Size | 680,800 shares of ₹10 (aggregating up to ₹10.42 Cr) |
| Fresh Issue | 680,800 shares of ₹10 (aggregating up to ₹10.42 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| P/E (x) | 30.91 |
| Market Cap (₹ Cr.) | 34.28 |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Market Maker | PURE BROKING PRIVATE LIMITED |
| Company Promoters | Priti Dhananjay Shah is the company promoter. |
Moxsh Overseas Educon IPO opens on Dec 21, 2022, and closes on Dec 23, 2022. The Moxsh Overseas Educon IPO bid date is from Dec 21, 2022 10.00 A.M. to Dec 23, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Dec 21, 2022 |
| Closing Date | Dec 23, 2022 |
| Basis of Allotment | Dec 28, 2022 |
| Initiation of Refunds | Dec 29, 2022 |
| Credit of Shares to Demat | Dec 30, 2022 |
| Listing Date | Dec 30, 2022 |
The Moxsh Overseas Educon IPO lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹122,400).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹122,400 |
| Retail (Max) | 1 | 800 | ₹122,400 |
| HNI (Min) | 2 | 1,600 | ₹244,800 |
| Pre Issue Share Holding | 88.49% |
| Post Issue Share Holding | 61.61% |
The company is in a highly competitive and fragmented segment. Its financial performance so far is not in line with the asking price. Based on its earnings, the issue is aggressively priced. A small equity base post-IPO indicates a longer gestation period for migration to the mainboard. There is no harm in skipping this costly issue. Read detail review...
The Moxsh Overseas Educon IPO is subscribed 100.44 times on Dec 23, 2022 7:00:00 PM. The public issue subscribed 107.78 times in the retail category, times in the QIB category, and 93.10 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 93.10 |
| Retail | 107.78 |
| Total | 100.44 |
| Listing Date | Friday, December 30, 2022 |
| BSE Script Code | |
| NSE Symbol | MOXSH |
| Listing In | |
| ISIN | INE0N6D01014 |
| IPO Price | ₹153 per share |
| Face Value | ₹10 per share |
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Moxsh Overseas Educon Limited
159/160, Kaliandas Udhyog Bhavan,
Century Bazar, Prabhadevi,
Mumbai - 400025, Maharashtra, India
Phone: +91 9699 360 370
Email: cs@moksh16.com
Website: https://www.moksh16.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
Moxsh Overseas Educon IPO is a SME IPO of 680,800 equity shares of the face value of ₹10 aggregating up to ₹10.42 Crores. The issue is priced at ₹153 per share. The minimum order quantity is 800 Shares.
The IPO opens on Dec 21, 2022, and closes on Dec 23, 2022.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Moxsh Overseas Educon IPO using UPI as a payment gateway. Zerodha customers can apply in Moxsh Overseas Educon IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Moxsh Overseas Educon IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Moxsh Overseas Educon IPO opens on Dec 21, 2022 and closes on Dec 23, 2022.
Moxsh Overseas Educon IPO lot size is 800 Shares and the minimum order quantity is .
You can apply in Moxsh Overseas Educon IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Moxsh Overseas Educon IPO will be done on Dec 28, 2022, and the allotted shares will be credited to your demat account by Dec 30, 2022. Check the Moxsh Overseas Educon IPO allotment status.
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RHP
IPO Mentor (900 Posts, 400+ Likes)
New Member
Top Contributor (400+ Posts, 200+ Likes)
IPO Guru (1800+ Posts, 2300+ Likes)
Once listed in discounted, chances are very very low to come at IPO price in near future.
@LM, you might have made money in this but you have earned a lot of distrust for sure.
Cheers!