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Moxsh Overseas Educon IPO is a fixed price issue of Rs 10.42 crores. The issue is entirely a fresh issue of 6.81 lakh shares.
Moxsh Overseas Educon IPO bidding started from December 21, 2022 and ended on December 23, 2022. The allotment for Moxsh Overseas Educon IPO was finalized on Wednesday, December 28, 2022. The shares got listed on NSE SME on December 30, 2022.
Moxsh Overseas Educon IPO price is ₹153 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹122,400. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹244,800.
Fedex Securities Pvt Ltd is the book running lead manager of the Moxsh Overseas Educon IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Moxsh Overseas Educon IPO is Pure Broking.
Refer to Moxsh Overseas Educon IPO RHP for detailed information.
| IPO Date | December 21, 2022 to December 23, 2022 |
| Listing Date | December 30, 2022 |
| Face Value | ₹10 per share |
| Price | ₹153 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 680,800 shares (aggregating up to ₹10.42 Cr) |
| Fresh Issue | 680,800 shares (aggregating up to ₹10.42 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 34,400 shares Pure Broking |
Moxsh Overseas Educon IPO offers 680,800 shares. 323,200 (47.47%) to NII, 323,200 (47.47%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 34,400 (5.05%) |
| Other Shares Offered | 323,200 (47.47%) |
| Retail Shares Offered | 323,200 (47.47%) |
| Total Shares Offered | 680,800 (100%) |
Moxsh Overseas Educon IPO opens on December 21, 2022, and closes on December 23, 2022.
| IPO Open Date | Wednesday, December 21, 2022 |
| IPO Close Date | Friday, December 23, 2022 |
| Basis of Allotment | Wednesday, December 28, 2022 |
| Initiation of Refunds | Thursday, December 29, 2022 |
| Credit of Shares to Demat | Friday, December 30, 2022 |
| Listing Date | Friday, December 30, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 23, 2022 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹122,400 |
| Retail (Max) | 1 | 800 | ₹122,400 |
| HNI (Min) | 2 | 1,600 | ₹244,800 |
| Lot Size Calculator | |||
Priti Dhananjay Shah is the company promoter.
| Share Holding Pre Issue | 88.49% |
| Share Holding Post Issue | 61.61% |
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 market capitalization of Moxsh Overseas Educon IPO is Rs 34.28 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 50 |
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
[Dilip Davda] 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 December 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) |
|---|---|
| Other | 93.10 |
| Retail | 107.78 |
| Total | 100.44 |
| Listing Date | December 30, 2022 |
| BSE Script Code | |
| NSE Symbol | MOXSH |
| ISIN | INE0N6D01014 |
| Final Issue Price | ₹153 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹153.00 |
| ₹131.00 |
| ₹124.45 |
| ₹135.00 |
| ₹127.85 |
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: https://ipo.bigshareonline.com/ipo_status.html
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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 December 21, 2022, and closes on December 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 December 21, 2022 and closes on December 23, 2022.
Moxsh Overseas Educon IPO lot size is 800 Shares, and the minimum amount required is ₹122,400.
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 Wednesday, December 28, 2022, and the allotted shares will be credited to your demat account by Friday, December 30, 2022. Check the Moxsh Overseas Educon IPO allotment status.
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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!