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:
- Meeting the working capital requirements
- Expenditure to enhance visibility and awareness of the brands
- General corporate purposes.
Financial Highlights (Restated)
| Particulars | FY 2021-22 |
|---|---|
| Net Worth | 147.21 |
| Total Assets | 487.14 |
| Total Revenue | 1009.49 |
| Profit After Tax | 111.20 |
| Total Borrowing | 43.57 |
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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 Type | Fixed Price Issue IPO |
| IPO Price | ₹ 153 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 800 shares |
| Issue Size | 680,800 shares of ₹ 10 (Aggregating up to ₹10.42 Crore) |
| Fresh Issue | 680,800 shares of ₹ 10 (Aggregating up to ₹10.42 Crore) |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Listing At | NSE SME |
| Promoters | Priti 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 Date | December 21, 2022 |
| Closing Date | December 23, 2022 |
| Basis of Allotment | December 28, 2022 |
| Initiation of Refunds | December 29, 2022 |
| Credit of shares to Demat A/c | December 30, 2022 |
| Listing Date | January 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.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 800 | ₹ 122,400 |
| Retail (Maximum) | 1 | 800 | ₹ 122,400 |
| HNI (Minimum) | 2 | 1,600 | ₹ 244,800 |
Promoters Holdings – Moxsh Overseas Educon IPO
| Pre-issue Shares Holdings | 88.49% |
| Post-issue Shares Holdings | 61.61% |
SWOT Analysis – Moxsh Overseas Educon IPO
| STRENGTHS | WEAKNESSES |
|---|---|
| 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. |
| OPPORTUNITIES | THREATS |
| 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 IPO RHP |
| Company Contact Information | Moxsh Overseas Educon Limited 159/160, Kaliandas Udhyog Bhavan, Century Bazar, Prabhadevi, Mumbai – 400025, Maharashtra, India Phone: +91 9699 360 370 Email: [email protected] Website: https://www.moksh16.com/ |
| IPO Registrar | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: [email protected] Website: http://www.bigshareonline.com |
| IPO Lead Manager(s) | Fedex Securities Limited |
FAQ’s
What will be the Moxsh Overseas Educon IPO lot size?
One lot of Moxsh Overseas Educon IPO contains 800 shares of ₹ 122,400.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Moxsh Overseas Educon IPO allotment be available?
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.
When will Moxsh Overseas Educon IPO list on exchanges?
The Moxsh Overseas Educon IPO shares listing date is January 2, 2023.
How many shares in Moxsh Overseas Educon IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for NII (HNI) – 50%, and Retail – 50%.
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