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Moxsh Overseas Educon IPO GMP, Price, Dates & Allotment Details 2022

Moxsh Overseas Educon IPO GMP, Price, Dates & Allotment Details 2022

Moxsh Overseas Educon IPO opens on December 21 and closes on December 23, 2022. According to the DRHP filed in SEBI, the company is planning to issue 680,800 shares of ₹ 10 each, at a price of ₹ 153 per share, aggregating up to ₹ 10.42 crore through this public issue.

Incorporated in 2018. Moxsh Overseas Educon Ltd is an Edu-Medi Tech company that provides diverse and cohesive learning solutions, counseling, and mobility services to students pursuing medical studies (MBBS) in India or abroad under the brand “MOKSH” (‘student mobility services’).Under company student mobility services, we also provide advice to students for their medical career planning and execution.

Under the brand “MOKSH Academy” (‘healthcare academy,’ he was a digitally native, technology-led business that provided an online learning programme (test preparation) for medical entrance examinations (NEET-UG) and for medicos (i.e., medical aspirants or graduates of a medical school) to appear for medical licencing examinations such as the USMLE, PLAB, DHA, NeXT, FMGE, and others.
The company has a presence across 23 touch points in India, out of which they have a presence in 18 cities through franchisee arrangements.
In the immediately preceding three fiscal years, under company student mobility services, they have recruited over 685 students to various foreign medical universities, and under healthcare academy services, they have served over 580 students.

Objects of the Issue

The company proposes to utilise the Net Proceeds of the Fresh Issue towards funding the following objects:

  1. Meeting the working capital requirements
  2. Expenditure to enhance visibility and awareness of the brands
  3. General corporate purposes.

Financial Highlights (Restated)

ParticularsFY 2021-22
Net Worth147.21
Total Assets487.14
Total Revenue1009.49
Profit After Tax111.20
Total Borrowing43.57
(Amount in ₹ Lakhs)


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Moxsh Overseas Educon IPO – Details

According to the DRHP filed in SEBI, the company is planning to raise about ₹ 10.42 crore through this public issue.

Issue TypeFixed Price Issue IPO
IPO Price₹ 153 per share
Face Value₹ 10 per share
Market Lot800 shares
Issue Size680,800 shares of ₹ 10 (Aggregating up to ₹10.42 Crore)
Fresh Issue680,800 shares of ₹ 10 (Aggregating up to ₹10.42 Crore)
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Listing AtNSE SME
PromotersPriti Dhananjay Shah

GMP – Moxsh Overseas Educon IPO

Moxsh Overseas Educon IPO GMP or Grey Market Premium are available here. The IPO GMP Premium updated day by day for IPOs running period and the GMP rates fluctuate and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates – Moxsh Overseas Educon IPO

Moxsh Overseas Educon IPO opens on December 21 and closes on December 23, 2022.

Opening DateDecember 21, 2022
Closing DateDecember 23, 2022
Basis of AllotmentDecember 28, 2022
Initiation of RefundsDecember 29, 2022
Credit of shares to Demat A/cDecember 30, 2022
Listing DateJanuary 2, 2023

Lot Size – Moxsh Overseas Educon IPO

The Moxsh Overseas Educon IPO lot size is 800 shares. A retail-individual investor can apply for up to 1 lot i.e. 800 shares of ₹ 122,400.

Retail (Minimum)1800₹ 122,400
Retail (Maximum)1800₹ 122,400
HNI (Minimum)21,600₹ 244,800

Promoters Holdings – Moxsh Overseas Educon IPO

Pre-issue Shares Holdings88.49%
Post-issue Shares Holdings61.61%

SWOT Analysis – Moxsh Overseas Educon IPO

1. Focused 360-degree approach  
2. Unique Brand Positioning  
3. Strong network  
4. Technology driven business model 
1. Extreme dependency on counsellors.
2. Company business is linked to the academic cycle and is, therefore, cyclical in nature. Its revenues may vary in some quarters as compared to the other quarters.
3. There are outstanding legal proceedings involving the Promoters, Directors and Group Companies.
1. India has the world’s largest population in the age bracket of 5-24 years of about 500 million people, which provides a great growth opportunity for the education sector.
2. The education sector in India was estimated to be worth US$ 117 billion in FY20 and is expected to reach US$ 225 billion by FY25.  
1. Disruptions in company information technology systems or breaches of data security.
2. A cyber-security breach could adversely affect company operations. 
3. Change in technology.
4. Competitions


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Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationMoxsh Overseas Educon Limited
159/160, Kaliandas Udhyog Bhavan, Century Bazar, Prabhadevi,
Mumbai – 400025, Maharashtra, India
Phone: +91 9699 360 370
Email: [email protected]
IPO RegistrarBigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
IPO Lead Manager(s)Fedex Securities Limited 


One lot of Moxsh Overseas Educon IPO contains 800 shares of ₹ 122,400.

The minimum investment size is one lot for retail investors.

The finalization of Basis of Allotment for Moxsh Overseas Educon IPO will be done on December 28, 2022, and the allotted shares will be credited to your demat account by December  30, 2022. Check the Moxsh Overseas Educon IPO allotment status.

The Moxsh Overseas Educon IPO shares listing date is January 2, 2023.

The investors’ portion for NII (HNI) – 50%, and Retail – 50%.

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