Moxsh Overseas Educon Limited 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 the brand “MOKSH”. Under the student mobility services, we also provide advisory to students for their medical career planning and execution.
The company is a digitally native, technology led business, providing online learning program (test preparation) for medical entrance examinations, NEET-UG and for medicos to appear for medical licensing examination, such as USMLE, PLAB, DHA, NeXT, FMGE etc, under the brand “MOKSH Academy” (‘healthcare academy’).
As of August 31, 2022 the company has presence across 23 touch points in India, of which Moxsh Overseas Educon presence in 18 cities through franchisee arrangements and with their registered and branch offices in 5 cities viz Mumbai, Pune, Delhi, Bhopal and Ahmedabad.
As of August 31, 2022 the company has over 45 experienced, well-informed and well-trained counsellors who are committed to fulfil the needs of our students. Moxsh Overseas Educon has further entered into over contracts with 6 international universities from Lithuania, Croatia, Latvia and Malaysia.
For More Details Regarding Moxsh IPO, Click Here!!
Moxsh Overseas Educon IPO – Details
| IPO Opening Date | 21 December 2022 |
| IPO Closing Date | 23 December 2022 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | ₹10.42 Crore |
| Fresh Issue | 6,80,800 Shares Worth ₹10.42 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹153 |
| Market Lot | 800 Shares |
| Min Order | 800 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Private Limited |
| Retail Shares Offered | 50% |
| NII (HNI) Shares Offered | 50% |
Moxsh Overseas Educon IPO – Date Schedule
| IPO Open Date | 21 December 2022 |
| IPO Close Date | 23 December 2022 |
| Basis of Allotment Date | 28 December 2022 |
| Initiation of Refunds | 29 December 2022 |
| Credit of Shares to Demat Account | 30 December 2022 |
| IPO Listing Date | 02 January 2023 |
Moxsh Overseas Educon IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 800 | 1,22,400 |
| Maximum | 1 | 800 | 1,22,400 |
Competitive Strengths
- Increasing the local presence and student count;
- Increasing the global presence through expanding their B-2-B membership;
- Entering the B-2-B-2-C arrangement;
- Increasing the product profile and offerings;
- Improving functional efficiency; and
- Brand building strategy that covers a judicial mix of print, video, digital and social media.
Company Promoters
- Priti Dhananjay Shah
Object Of The Issue
- Meeting our Working Capital Requirements.
- General corporate purpose.
- Expenditure to enhance visibility and awareness of their brands.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 8.18 | 7.87 | 0.21 |
| 31 March 2021 | 3.86 | 3.78 | 0.04 |
| 31 March 2022 | 10.09 | 8.56 | 1.11 |
Moxsh Overseas Educon IPO Promoter Holding
| Pre Issue Share Holding | 88.49% |
| Post Issue Share Holding | 61.61% |
Moxsh Overseas Educon IPO Prospectus
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: cs@moksh16.com Website: www.moksh16.com |
Moxsh Overseas Educon IPO Registrar
| Bigshare Services Private Limited Tel: 022 – 6263 8200 Email: ipo@bigshareonline.com Website: https://www.bigshareonline.com/ |
Moxsh Overseas Educon IPO Lead Manager(s)
| 1. Fedex Securities Private Limited |
Moxsh Overseas Educon IPO FAQs
| What is Moxsh Overseas Educon IPO? Moxsh Overseas Educon IPO is a SME IPO. The issue is priced at ₹153 per equity share. The IPO is to be listed on NSE SME. |
| When Moxsh Overseas Educon IPO will open? The IPO is to open on 21 December 2022 for NII and Retail Investors. |
| What is Moxsh Overseas Educon IPO Investors Portion? The investors’ portion for NII-50%, and Retail 50%. |
| How to Moxsh Overseas Educon IPO? You can apply Moxsh Overseas Educon IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Moxsh Overseas Educon IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Moxsh Overseas Educon”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Moxsh Overseas Educon IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Moxsh Overseas Educon”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Moxsh Overseas Educon IPO Size? Moxsh Overseas Educon IPO size is ₹10.42 crores. |
| What is Moxsh Overseas Educon IPO Price Band? Moxsh Overseas Educon IPO Price Band is ₹153. |
| What is Moxsh Overseas Educon IPO Minimum and Maximum Lot Size? The minimum bid is 800 Shares with ₹1,22,400 amount while the maximum bid is 800 shares with ₹1,22,400. |
| What is the Moxsh Overseas Educon IPO Allotment Date? Moxsh Overseas Educon IPO allotment date is 28 December 2022. |
| What is the Moxsh Overseas Educon IPO Listing Date? Moxsh Overseas Educon IPO listing date is 02 January 2023. The IPO is to list on NSE SME. |
