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Moxsh Overseas Educon Limited IPO (Moxsh Overseas Educon IPO) Detail

December 21, 2022 - December 23, 2022

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.

Moxsh Overseas Educon IPO Details

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 Size680,800 shares
(aggregating up to ₹10.42 Cr)
Fresh Issue680,800 shares
(aggregating up to ₹10.42 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion34,400 shares
Pure Broking

Moxsh Overseas Educon IPO Reservation

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 Offered34,400 (5.05%)
Other Shares Offered323,200 (47.47%)
Retail Shares Offered323,200 (47.47%)
Total Shares Offered680,800 (100%)

Moxsh Overseas Educon IPO Timeline (Tentative Schedule)

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

Moxsh Overseas Educon IPO Lot Size

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

Moxsh Overseas Educon IPO Promoter Holding

Priti Dhananjay Shah is the company promoter.

Share Holding Pre Issue 88.49%
Share Holding Post Issue 61.61%

About Moxsh Overseas Educon Limited

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 Financials

Moxsh Overseas Educon Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-22487.141009.49111.2147.21111.2143.57
30-Jun-22587.1417.1217.12201.84162.84112.51
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Moxsh Overseas Educon IPO is Rs 34.28 Cr.

Pre IPO Post IPO
P/E (x) 50

Objects of the Issue (Moxsh Overseas Educon IPO Objectives)

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 IPO Review (Avoid)

[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...


Moxsh Overseas Educon IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
Other93.10
Retail107.78
Total100.44

Moxsh Overseas Educon IPO Prospectus

Moxsh Overseas Educon IPO Rating

128
3.5
Rating:Rated 3.5 stars
Vote Here ...

Moxsh Overseas Educon IPO Listing Details

Listing Date December 30, 2022
BSE Script Code
NSE Symbol MOXSH
ISIN INE0N6D01014
Final Issue Price ₹153 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹153.00
₹131.00
₹124.45
₹135.00
₹127.85

Check IPO Performance…

Moxsh Overseas Educon Limited Contact Details

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/

Moxsh Overseas Educon IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Moxsh Overseas Educon IPO - Buy or Not

Moxsh Overseas Educon IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 2 0 0

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Moxsh Overseas Educon IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Moxsh Overseas Educon IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Moxsh Overseas Educon IPO listing date is on December 30, 2022.
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Moxsh Overseas Educon IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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293 Comments

142. SSingh |   Link |  Bookmark |January 31, 2023 6:46:51 AM
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
This is in ICU now.
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!
141. Jamsait |   Link |  Bookmark |January 4, 2023 6:07:57 PM
Nooru sir,I'm ur big fan...how can contact u directly? Wanted to chat with u directly... waiting for your reply eagerly..Nooru sir
141.1. Noorul |   Link |  Bookmark |January 6, 2023 8:38:03 AM
Check Fidel softech. 352.54
140. Jamsait |   Link |  Bookmark |January 4, 2023 1:31:54 PM
Noorul sir, how did u sell day before yesterday? Daily LC? wher wil it stop? We r anable to sell it..how to communicate u sir? Guide & assist retailers if this FORUM plz...Lead mangers have taken Retailers for granted...is SEBI & BOARD people r not watching?
140.2. Noorul |   Link |  Bookmark |January 4, 2023 5:37:02 PM
I was alloted and exit immediately on listing with nominal loss and posted here too. Infact before listing day I get to knw that this one going to be a flop show.. so didn't waste my time and too exit on listing.
It's GMP was running only from promoters side no real investors. But You guys need to understand that every Sme can't run and make you rich.. don't curse LM or SEBI because at a same time many SME IPOs gives some unreal profits to investors so be more vigilant and selective in ur approach and you also need to learn how to take exit.. otherwise stuck in LC is not a new things.. it will keep happening.
Anyways I think its LC will open near 100.. little volume is there and folks are booking losses right now. Ones it's LC open near 100 you can take a exit.
140.3. LuckyInvestor |   Link |  Bookmark |January 4, 2023 6:04:48 PM
@Noorul How can you say volume near 100?
Is there any chance of UC too once LC open
thanks in advance
139. kcm |   Link |  Bookmark |January 4, 2023 12:56:48 PM
If we are unable to sell the alloted share from the day one of the ipo listing then there is a big golmal in the issuance. It seems a fit case to write to sebi, nse, bse, dca to investigate the case in the interest of the investor.
138. G profit |   Link |  Bookmark |January 3, 2023 9:55:04 PM
IPO Mentor IPO Mentor (1000+ Posts, 300+ Likes)
Eventhough knowing that the ipo was not good and not recommended by Dilip ji, applied for 3 hni and 3 retail. Luckily all refunded. But learnt a lesson by not going by GMP figures, which is mostly not real. Friends, be careful in future in subscribing to IPOs, especially sme IPOs . Loss will be bulky.
137. Ajitkumar |   Link |  Bookmark |January 3, 2023 8:31:32 PM
Experts kindly guide what to do any chances of recovery alloted 1 lot
137.1. Rohan Bajaj |   Link |  Bookmark |January 4, 2023 7:50:15 AM (400+ Posts)
same situatio here...
136. Sinewave |   Link |  Bookmark |January 2, 2023 2:10:19 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
What a shocking listing and follow up journey of a high subscription IPO.

SME is really unpredictable.
136.1. Sinewave |   Link |  Bookmark |January 4, 2023 1:02:28 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Big trap for retail investors. Unable to sell due to regular LC.

Big trap and may be taken under notice to market regulator SEBI.
135. kcm |   Link |  Bookmark |January 2, 2023 11:47:59 AM
It seems my baheti profit will be halved by moxsh
134. PLAZA |   Link |  Bookmark |December 30, 2022 9:18:28 PM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
0/10 in mox
0/3 in home
0 in rbm
133. SMEIPOKING |   Link |  Bookmark |December 30, 2022 8:40:46 PM
30PE ...pe paise lagane wale ko mai ................kya kahu........samaj lo. I didn't apply at all even though seeing such high subscription figure.

Bulati to hai............magar Jane ka nahi.............
133.1. Smile. |   Link |  Bookmark |January 1, 2023 10:33:52 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
These lines were better before 23. Now they are no any use.
133.2. Takamichi |   Link |  Bookmark |January 1, 2023 11:52:39 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Most people get this enlightenment after listing day only
132. ipo share |   Link |  Bookmark |December 30, 2022 8:33:27 PM
IPO Guru IPO Guru (1500+ Posts, 700+ Likes)
After flop show by Main Board IPOs, today's flop Moxsh listing will dampen the spirit in SMEs also.
131. ipo share |   Link |  Bookmark |December 30, 2022 5:39:18 PM
IPO Guru IPO Guru (1500+ Posts, 700+ Likes)
With this listing, fundamentals (business, growth, valuations) come back to take their required place.
Also importance of recognising market maker and LM take their due priority.
Focus also on DD Sir's Review.
Most Important lesson before applying in future smes - Don't apply blindly on the basis of GMP or high subscription numbers.
130. SINGHKING |   Link |  Bookmark |December 30, 2022 5:37:07 PM
Purely Fraud company will not buy rather book loss....
Exit lelo...or try some good stock.....

Purely Looott kooottt ipo....

Now....pick properly ipo ......

This company in not good fundamentals...
Fair value is 70-80 rs not more than that.....

I will save retail investors
129. i For IPO ☑️ |   Link |  Bookmark |December 30, 2022 9:36:34 AM
IPO Mentor IPO Mentor (600 Posts, 800+ Likes)
Lets Apricate BigShare For Not Allotting Any Share (3 APPS HNI)

Fedex Securities Limited
PURE BROKING PRIVATE LIMITED

Let Stay Away From This Issue Handlers
129.1. ipo share |   Link |  Bookmark |December 30, 2022 5:31:45 PM
IPO Guru IPO Guru (1500+ Posts, 700+ Likes)
Always remember this Market Maker (or in reality Market Destroyer) and LM for future SME Applications).
Not to apply when we see their names.
128. SSingh |   Link |  Bookmark |December 30, 2022 4:04:19 PM
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
Where will this go from here?
Share your predictions... ;)
128.1. phrao |   Link |  Bookmark |December 30, 2022 4:31:33 PM
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
No
Bad financials
127. PKRAJ |   Link |  Bookmark |December 30, 2022 9:31:17 AM
The bad listing of this very oversubscribed SME has put investors to think in future. All that glitter is not gold. Don't go only on subscription figures. Sometimes these figures are very deceptive.
I was not alloted shares. I was not happy. But now it's time to be happy. I use to say, It is all for the best. Now I am sure "It is all for the best".
127.3. Learner SK |   Link |  Bookmark |December 30, 2022 1:03:20 PM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
It seems some unlucky got allotment got debut allotment (of after long time) in Moxsh. We need to identify the person.
127.4. MRavichandran |   Link |  Bookmark |December 30, 2022 3:08:21 PM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
@ Learner SK,
I am so unlucky personally in allotments, but I am not the person you are looking for

I really laughed a lot, inspite I bought this share. You have such a great humour sense

Keep posting like this

Thanks
126. AAvi |   Link |  Bookmark |December 30, 2022 11:46:49 AM
May put some brakes on Anlon subscription. ........
126.1. AAvi |   Link |  Bookmark |December 30, 2022 3:03:27 PM
No effect on Subscription.
125. BANSAL ANKUR |   Link |  Bookmark |December 30, 2022 2:28:48 PM
Sold my alloted lot.
Disappointed.
124. Rohan Bajaj |   Link |  Bookmark |December 30, 2022 1:49:08 PM (400+ Posts)
What to do? Stuck with 1 lot
123. Thiagarajan Ramasamy |   Link |  Bookmark |December 30, 2022 1:33:38 PM
Top Contributor Top Contributor (700+ Posts, 200+ Likes)
In spite of advice of Mr Dilip Davda to AVOID, surprisingly NII and Retail subscribed over 100 times. Here Non Allottees turned out to be lucky at least for the time being. Hope the stock price recovers past the issue price shortly to benefit the Allottees.