Moxsh Overseas Educon IPO

Moxsh Overseas Educon IPO

 Moxsh Overseas Educon IPO will open for subscription from 21 December 2022. the company aims for an issue size of ₹10.42 Cr through this IPO.

About Company

Moxsh Overseas Educon is Edu-Medi Tech company engaged in the business of offering diverse and cohesive learning solutions, counseling, and mobility services to students aspiring to pursue medical studies (MBBS) in India or abroad under our brand ‘MOKSH’. In student mobility services, the company also provides advice to students for their medical career planning and execution. It’s a digitally native, technology-led business, providing an online learning program for medical entrance examinations, NEET-UG, and for medicos to appear for the medical licensing examinations, such as USMLE, PLAB, DHA, NeXT, FMGE, etc, it’s brand ‘MOKSH Academy’ (healthcare academy).

As of 31 August 2022, it has a presence across 23 touch points in India, of which it has a presence in 18 cities through franchisee arrangements and with its registered and branch offices in 5 cities viz Mumbai, Pune, Delhi, Bhopal, and Ahmedabad. As of 31 August 2022, the company has over 45 experienced counselors and it has also entered into contracts with 6 international universities from Lithuania, Croatia, Latvia, and Malaysia.

Basic details about the company

Full nameMoxsh Overseas Educon Limited
IndustryEducational Institution
Company Website

The objective of the Issue

  • Meeting the working capital requirements
  • Expenditure to enhance the visibility and awareness of the brands
  • General corporate purposes

Major Competitive strengths

  • Experienced management team with a proven track record and Trained employee base.
  • Unique Brand Positioning and Technology driven business model.
  • Focused 360-degree approach.

IPO Timetable

IPO Opening date21 December 2022
IPO Closing23 December 2022
Basis of Allotment28 December 2022
Initiation Refund29 December 2022
Credit to Demat Account30 December 2022
Listing Date02 December 2023

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹10.42 Cr – 680,800 shares
Fresh Issue₹10.42 Cr – 680,800 shares
Offer for saleNil
Face value₹10 per share
Offer price₹153 per share
Lot size800 Shares
Retail Allocation50%
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)1800₹122,400
Retail (Max)1800₹122,400
HNI (Min)21,600₹244,800

Reservation Details

NII (HNI) Shares Offered50%
Retail Shares Offered50%

Financial Performance

 FY 2020FY 2021FY 2022*
Net income0.220.051.11
(Amount in ₹ Crores)

Valuations & Margins

FY 2020FY 2021FY 2022*
PE ratio19.79
RONW (%)80.5614.0375.54

Company Promoters

  • Priti Dhananjay Shah

Promoter Holding

Pre Issue Share Holding88.49%
Post Issue Share Holding%

Lead Manager(s)

  • Fedex Securities Limited

IPO Registrar

Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093, Maharashtra
Telephone: +91 22 6263 8200

Contact Details

159/160, Kaliandas Udhyog Bhavan,
Century Bazar, Prabhadevi, Mumbai –
400025, Maharashtra
Phone: +91 9699 360 370

Allotment Status

Moxsh Overseas IPO allotment status will be available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.

Final thoughts

Moxsh Overseas Educon IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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