Moxsh Overseas Educon IPO
Listing Details
- Listing Exchange -
- Listing Date 30-Dec-22
- IPO Price Range ₹ 153
- Listing Price ₹ 131
- Listing Change -14.4%
- Last Traded Price ₹ 125
- Current Change -18.3%
IPO Details
- Open Date 21-Dec-23
- Close Date 23-Dec-23
- Lot Size 800
- IPO Size ₹ 10.42 Cr
- IPO Price Range ₹ 153
Moxsh Overseas Educon IPO Subscription Status
| Date | NII | Retail | TOTAL |
|---|---|---|---|
| 21-Dec-22 | 2.23x | 6.13x | 4.18x |
| 22-Dec-22 | 5.47x | 23.67x | 14.57x |
| 23-Dec-22 | 93.10x | 107.78x | 100.44x |
IPO Synopsis
Moxsh Overseas Educon IPO opens on Dec 21, 2022, and closes on Dec 23, 2022. The Edu-Medi tech company’s IPO worth Rs. 10.42 cr comprise of fresh issue of 680,800 equity shares. The issue will be listed on NSE SME on 2nd Jan while the shares will be allotted on 28th December. The company has fixed the price at Rs.153 per share while the lot size is fixed at 800 shares per lot. Fedex Securities is the lead manager for the issue. The company is promoted by Priti Dhananjay Shah.
Objective of the issue for Moxsh Overseas Educon IPO
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
About Moxsh Overseas Educon
Moxsh Overseas Educon is an Edu-Medi Tech company engaged in the business of offering diverse and cohesive learning solutions, counselling and mobility services to students aspiring to pursue medical studies (MBBS) in India or abroad under our brand “MOKSH” (‘student mobility services’). Under its student mobility services, it also provides advisory to students for their medical career planning and execution. It is a digitally native, technology led business, providing online learning program (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 licensing examination, such as USMLE, PLAB, DHA, NeXT, FMGE etc, under our brand “MOKSH Academy” (‘healthcare academy’). It has presence across 23 touch points in India, and in 18 cities through franchisee arrangements and with its registered and branch offices in 5 cities viz Mumbai, Pune, Delhi, Bhopal and Ahmedabad. It also has recruited over 685 students to various foreign medical universities and under its healthcare academy services, it has served over 580 students.
Moxsh Overseas Educon Financial Status
| Particulars (in Rs. Crores) | Jun-22 | Mar-22 |
|---|---|---|
| Revenue | 2.3 | 10.1 |
| PAT | 0.2 | 1.1 |
| EPS (basic in Rs.) | 1.1 | 7.7 |
| Particulars (in Rs. Crores) | Jun-22 | Mar-22 |
|---|---|---|
| Total Assets | 5.9 | 4.9 |
| Share Capital | 0.4 | 0.4 |
| Total Borrowings | 1.1 | 0.4 |
| Particulars (in Rs. Crores) | Jun-22 | Mar-22 |
|---|---|---|
| Net cash generated from / (used in) operating activities | -1.0 | 0.5 |
| Net cash from / (used in) investing activities | -0.1 | -0.8 |
| Net cash flow from / (used in) financing activities | 1.0 | 0.4 |
| Net increase (decrease) in cash and cash equivalents | -0.1 | 0.1 |
Peer Comparison
There are no listed companies in India that engage in a business similar to that of this company.
IPO Key Points
-
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
-
Risks
• Competition from existing and new companies
• Inability to maintain and enhance our brand and reputation
• Inability to attract and retain quality faculty members
• Inability to expand program offerings with existing franchises and new franchises
• Change in trends in the entrance and licensing exams in India, global licensing exams, foreign education and the market for online education, and expectations for growth in those markets
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open Demat Account in 5 minutes
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IPO FAQs
What is the price band of the the Moxsh Overseas Educon IPO ?
The price band of the the Moxsh Overseas Educon IPO is set at Rs. 153 per share.
When does the Moxsh Overseas Educon IPO issue open and close?
The Moxsh Overseas Educon IPO opens on 21st December, and the closes on 23rd December.
What is the size of Moxsh Overseas Educon IPO issue?
The IPMoxsh Overseas Educon IPO worth Rs. 10.42 crores comprise of fresh issue of 680,800 equity shares.
What is the allotment date of Moxsh Overseas Educon IPO?
The allotment date of Moxsh Overseas Educon IPO is set for 28th December.
What is the Moxsh Overseas Educon IPO’s listing date?
The issue of Moxsh Overseas Educon IPO will be listed on 2nd January.
What is the lot size and investment required for the Moxsh Overseas Educon IPO?
The Moxsh Overseas Educon IPO lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹122,400).
What is the objective of the issue for Moxsh Overseas Educon IPO?
The net proceeds from the issue will be used for:
• Meeting the working capital requirements
• Expenditure to enhance visibility and awareness of the brands
• General corporate purposes
How to apply for the Moxsh Overseas Educon IPO?
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and price at which you wish to apply for
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
• You will receive a mandate notification to block funds in your UPI app
Who are the promoters/key personnels of Moxsh Overseas Educon?
Moxsh Overseas Educon is promoted by Priti Dhananjay Shah.
Who are the book runners for Moxsh Overseas Educon IPO?
Fedex Securities is the book running lead manager to the issue.
Contact Details of Moxsh Overseas Educon IPO
Contact Information
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 Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Moxsh Overseas Educon IPO Lead Manager
Fedex Securities Limited