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Moxsh Overseas Educon IPO is a fixed price issue of ₹10.42 crores. The issue is entirely a fresh issue of 0.07 crore shares of ₹10.42 crore.
Moxsh Overseas Educon IPO bidding started from Dec 21, 2022 and ended on Dec 23, 2022. The allotment for Moxsh Overseas Educon IPO was finalized on Dec 28, 2022. The shares got listed on NSE SME on Dec 30, 2022.
Moxsh Overseas Educon IPO price is ₹153.00 per share . The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹1,22,400 (800 shares). The minimum lot size investment for HNI is 2 lots (1,600 shares), amounting to ₹2,44,800.
Fedex Securities Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pure Broking Pvt.Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹153 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 6,80,800 shares (aggregating up to ₹10.42 Cr) |
| Reserved for Market Maker | 34,400 shares Pure Broking Pvt.Ltd. (aggregating up to ₹0.5263 Cr) |
| Net Offered to Public | 6,46,400 shares (aggregating up to ₹9.89 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 15,60,000 shares |
| Share Holding Post Issue | 22,40,800 shares |
Moxsh Overseas Educon IPO offers total 6,80,800 shares. Out of which 3,23,200 (47.47%) allocated to NII, 3,23,200 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 34,400 (5.05%) |
| NII (HNI) Shares Offered | 3,23,200 (47.47%) |
| Retail Shares Offered | 3,23,200 (47.47%) |
| Total Shares Offered | 6,80,800 (100.00%) |
Moxsh Overseas Educon IPO opens on December 21, 2022, and closes on December 23, 2022.
| IPO Open Date | Wed, Dec 21, 2022 |
| IPO Close Date | Fri, Dec 23, 2022 |
| Tentative Allotment | Wed, Dec 28, 2022 |
| Initiation of Refunds | Thu, Dec 29, 2022 |
| Credit of Shares to Demat | Fri, Dec 30, 2022 |
| Tentative Listing Date | Fri, Dec 30, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 23, 2022 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,22,400 |
| Retail (Max) | 1 | 800 | ₹1,22,400 |
| HNI (Min) | 2 | 1,600 | ₹2,44,800 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 ₹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...
| Listing Date | December 30, 2022 |
| BSE Script Code | |
| NSE Symbol | MOXSH |
| ISIN | INE0N6D01014 |
| Final Issue Price | ₹153 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹153.00 |
| Open | ₹131.00 |
| Low | ₹124.45 |
| High | ₹135.00 |
| Last Trade | ₹127.85 |
Moxsh Overseas Educon Ltd.
159/160, Kaliandas Udhyog Bhavan,
Century Bazar,
Prabhadevi,
Mumbai, Maharashtra, 400025
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
Moxsh Overseas Educon IPO is a SME IPO of 6,80,800 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.
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, and the minimum amount required for application is ₹1,22,400.
You can apply in Moxsh Overseas Educon IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Friday, December 30, 2022.
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