Fixed Price IPO | ₹10 Cr | Listed at NSE SME | Wed, Dec 21, 2022 - Fri, Dec 23, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Dec 21, 2022
IPO Close
Fri, Dec 23, 2022
Issue Price
₹153 per share
Market Cap (Pre-IPO)
₹34.28 Cr
| IPO Date | 21 to 23 Dec, 2022 |
| Listed on | Fri, Dec 30, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹153 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 6,80,800 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 34,400 shares Pure Broking Pvt.Ltd. (agg. up to ₹0.5263 Cr) |
| Fresh Issue (Ex Market Maker) | 6,46,400 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 6,46,400 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 15,60,000 shares |
| Share Holding Post Issue | 22,40,800 shares |
| NSE Symbol | MOXSH |
| ISIN | INE0N6D01014 |
Moxsh Overseas Educon IPO comprises a total issue size of 6,80,800 shares. The net offer to the public is 6,46,400 shares, after excluding 34,400 shares allotted on a firm basis. Of the Net offer 3,23,200 (50.00%) allocated to NII 3,23,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,23,200 | 50.00% | 47.47% |
| Retail Shares Offered | 3,23,200 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 34,400 | 5.05% | |
| Total Shares Offered | 6,80,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| 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 |
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 | 30 Jun 2022 | 31 Mar 2022 |
|---|---|---|
| Assets | 5.87 | 4.87 |
| Total Income | 0.17 | 10.09 |
| Profit After Tax | 0.17 | 1.11 |
| NET Worth | 2.02 | 1.47 |
| Reserves and Surplus | 1.63 | 1.11 |
| Total Borrowing | 1.13 | 0.44 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Meeting our working capital requirements | 2.50 |
| 2 | Expenditure to enhance visibility and awareness of the brands | 3.18 |
| 3 | General corporate purposes | 2.55 |
| KPI | |
|---|---|
| RoNW | 75.54 |
| PAT Margin | 15.15% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.73 | |
| P/E (x) | 50 | |
| Promoter Holding | 88.49% | 61.61% |
| Market Cap | ₹34.28 Cr. |
The Moxsh Overseas Educon IPO is subscribed 100.44 times on December 23, 2022 7:00:00 PM (Day 3). The public issue subscribed 107.78 times in the retail category, [.] times in the QIB category, and 93.1 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 93.1 | 3,23,200 | 3,00,88,800 |
| Retail | 107.78 | 3,23,200 | 3,48,34,400 |
| Total | 100.44 | 6,46,400 | 6,49,23,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees, Underwriter Fees, RTA & Legal Advisor | 0.65 |
| 2 | Advertising and Publishing expenses | 0.10 |
| 3 | Regulators including Stock Exchange | 0.06 |
| 4 | Printing and Distribution of issue stationery | 0.05 |
| 5 | Others Fees payable to Marketing & distribution expenses, Selling Commission, Brokerage, Processing fees and Miscellaneous Fees etc., | 1.33 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹153.00 |
| Open | ₹131.00 |
| Low | ₹124.45 |
| High | ₹135.00 |
| Last Trade | ₹127.85 |
Lead Manager Reports
Moxsh Overseas Educon IPO is a SME IPO of 6,80,800 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹153 per share. The minimum order quantity is 800.
The IPO opens on Wed, Dec 21, 2022, and closes on Fri, 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 Wed, Dec 21, 2022 and closes on Fri, Dec 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 Fri, Dec 30, 2022. Check the Moxsh Overseas Educon IPO allotment status.
The Moxsh Overseas Educon IPO listing date is on Fri, Dec 30, 2022.
