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 name | Moxsh Overseas Educon Limited |
| Sector | Others |
| Industry | Educational Institution |
| Company Website | https://www.moksh16.com/ |
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 date | 21 December 2022 |
| IPO Closing | 23 December 2022 |
| Basis of Allotment | 28 December 2022 |
| Initiation Refund | 29 December 2022 |
| Credit to Demat Account | 30 December 2022 |
| Listing Date | 02 December 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹10.42 Cr – 680,800 shares |
| Fresh Issue | ₹10.42 Cr – 680,800 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer price | ₹153 per share |
| Lot size | 800 Shares |
| Retail Allocation | 50% |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹122,400 |
| Retail (Max) | 1 | 800 | ₹122,400 |
| HNI (Min) | 2 | 1,600 | ₹244,800 |
Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022* | |
| Revenue | 8.14 | 3.86 | 10.08 |
| Expenses | 7.88 | 3.79 | 8.57 |
| Net income | 0.22 | 0.05 | 1.11 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022* | |
| EPS | 1.63 | 0.34 | 7.73 |
| PE ratio | – | – | 19.79 |
| RONW (%) | 80.56 | 14.03 | 75.54 |
| NAV | 10.22 | 15.46 | 13.62 |
Company Promoters
- Priti Dhananjay Shah
Promoter Holding
| Pre Issue Share Holding | 88.49% |
| Post Issue Share Holding | % |
Lead Manager(s)
- Fedex Securities Limited
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
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
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
MOXSH OVERSEAS EDUCON LIMITED
159/160, Kaliandas Udhyog Bhavan,
Century Bazar, Prabhadevi, Mumbai –
400025, Maharashtra
Phone: +91 9699 360 370
E-mail: cs@moksh16.com
Website: www.moksh16.com
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
