Moxsh Overseas Educon IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Aug 07, 2023Let’s have a detailed review of the company and analytics of the Moxsh Overseas Educon IPO release date, IPO offer price, subscription, Moxsh Overseas Educon Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 153 |
| Listing At | NSE SME |
| Min. Order Quantity | 800 Shares |
| Listing Date | Jan 2, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1,042 Lakh |
| IPO Size | Rs 1,042 Lakh |
| Tick Size | 1 |
Moxsh Overseas Educon IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Moxsh Overseas Educon IPO – Summary
Their Company was originally incorporated as a private limited Company in the name of “Moxsh Overseas Educon Private Limited” under the provisions of the Companies Act, 2013 vide certificate of incorporation dated May 02, 2018.
Their Company was converted into a public limited Company pursuant to the special resolution passed by the shareholders of their Company at the extraordinary general meeting held on August 09, 2022, and consequently upon conversion, the name of their Company was changed to “Moxsh Overseas Educon Limited” vide a fresh Certificate of Incorporation.
The Promoter of this company is PRITI DHANANJAY SHAH. The lead manager to the issue is FEDEX SECURITIES PRIVATE LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Moxsh Overseas Educon IPO Date
The opening and closing dates of Moxsh Overseas Educon IPO are Dec 21, 2022, and Dec 23, 2022, respectively.
Moxsh Overseas Educon IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 21st Dec | 2.23x | 6.13x | 4.18x |
| 2nd Day – 22nd Dec | 5.47x | 23.67x | 14.57x |
| 3rd Day – 23rd Dec | 93.10x | 107.78x | 100.44x |
| Shares Offered or Net Issue | 323,200 | 323,200 | 646,400 |
The shares subscribed by the public will be updated here.
Moxsh Overseas Educon IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Moxsh Overseas Educon Limited IPO Listing Date
Find the dates below on the basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Dec 28, 2022 |
| Refunds Initiation | Dec 29, 2022 |
| Credit of Shares to Demat Account | Dec 30, 2022 |
| Share Listing Date | Jan 2, 2023 |
Moxsh Overseas Educon IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.153
Moxsh Overseas Educon IPO Equity Size
This Initial Public Issue of 680,800 Equity Shares of Rs.10 each for cash at a price of Rs.153 per equity share aggregating to Rs.1,042 Lakh.
Moxsh Overseas Educon IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 680,800 Equity Shares of Rs.10/ each.
Issue Size: 680,800 Equity Shares of Rs.10 each, aggregating to Rs.1,042 Lakh
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Moxsh Overseas Educon IPO – Live Performance
The listing date of this IPO is Jan 2, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Moxsh Overseas Educon Share Price |
Moxsh Overseas Educon IPO Grey Market Premium
The Moxsh Overseas Educon Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Moxsh Overseas Educon IPO – Company Overview
They are 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 their brand “MOKSH” (‘student mobility services’).
Under their student mobility services, they also provide advisory to students for their medical career planning and execution.
They are a digitally native, technology-led business, providing an 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 the medical licensing examinations, such as USMLE, PLAB, DHA, NeXT, FMGE etc,
It’s under their brand “MOKSH Academy” (‘healthcare academy’). Based in Mumbai, as of August 31, 2022, they have a presence across 23 touchpoints in India.
Moxsh Overseas Educon IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||
| 30-Jun-22 | 31-Mar-22 | |
| Total Assets | 587.14 | 487.14 |
| *Total Revenue | 228.03 | 1,009.49 |
| Total Expense | 212.22 | 856.52 |
| Profit After Tax | 17.12 | 111.20 |
Earnings per Equity Share (in Lakh)
| 30-Jun-22 | 31-Mar-22 | |
| Basic & Diluted | 1.10 | 7.73 |
Further, their PAT for the period ended on June 30, 2022, and March 31, 2022, were Rs. 17.12 Lakh, and Rs. 111.20 Lakh respectively.
Moxsh Overseas Educon IPO – Promoters
The Promoter of this company is:
- PRITI DHANANJAY SHAH
List of Related Parties (Key Managerial Personnel)
- DHANANJAY JAICHAND SHAH, Chairman & Managing Director
- PRITI DHANANJAY SHAH, Whole-Time Director
- BRIJESH KUMAR SHARMA, Whole-Time Director
- MOHIT VANAWAT, Independent Non – Executive Director
- SUBHASIS GHOSH, Independent Non–Executive Director
Moxsh Overseas Educon IPO – Promoters Holding
- Pre-Issue Share Holding – 88.49%
- Post Issue Share Holding – 61.61%
Moxsh Overseas Educon IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 6,80,800 Equity Shares aggregating up to Rs.1041.62 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 34,400 Equity Shares aggregating up to Rs.52.63 Lakh |
| Net Issue to the Public | Up to 6,46,400 Equity Shares aggregating up to Rs.988.99 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 3,23,200 Equity Shares |
| Other than Retail Individual Investors | Not more than 3,23,200 Equity Shares |
| Equity Shares outstanding prior to the Issue | 15,60,000 Equity Shares |
| Equity Shares outstanding after the Issue | 22,40,800 Equity Shares |
Moxsh Overseas Educon IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Meeting their working capital requirements
2. Expenditure to enhance the visibility and awareness of their brands
3. General corporate purposes
Moxsh Overseas Educon IPO – Business Strategy
- Building a powerful and credible brand
- UI/UX and content
- Price points and packages
- Site/App crash monitoring
- Certification and gamification
- Partnerships
Moxsh Overseas Educon IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Increasing their local presence and student count;
- Increasing their global presence through expanding their B-2-B membership;
- Entering the B-2-B-2-C arrangement;
- Increasing their product profile and offerings;
- Improving functional efficiency; and
- Brand building strategy that covers a judicial mix of print, video, digital and social media.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 7.73 | 75.54 | 10.22 |
| 31-Mar-21 | 0.34 | 14.03 | 15.46 |
| Mar-20 | 1.63 | 80.56 | 13.62 |
Moxsh Overseas Educon IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Moxsh Overseas Educon Limited | 10 | [●] | 7.73 | 75.54 | 228.03 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Moxsh Overseas Educon IPO Lead Managers
| Lead Managers |
| FEDEX SECURITIES PRIVATE LIMITED B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle – [East], Mumbai – 400 057, Maharashtra, India Tel No.: +91 81049 85249 E-mail: mb@fedsec.in Website: www.fedsec.in Contact Person: Saipan Sanghvi SEBI Registration Number: INM000010163 Investor Grievance E-Mail: mb@fedsec.in |
Moxsh Overseas Educon IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No. S6 – 2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Cave Road, Andheri – [East], Mumbai – 400093, Maharashtra, India. Tel No.: +91 22 6263 8200 Fax No.: +91 22 6263 8299 Email: ipo@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Aniket Chindarkar SEBI Registration No.: INR000001385 |
Moxsh Overseas Educon IPO – Other Details
- Statutory Auditor – M/S JMR & Associates LLP, Chartered Accountants
- Legal Counsel to the Company – RAJANI ASSOCIATES, ADVOCATES & SOLICITORS
- Bankers to the Company – AXIS BANK LIMITED
Moxsh Overseas Educon IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Moxsh Overseas Educon Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Moxsh Overseas Educon IPO Review FAQs
Check out various FAQs related to Moxsh Overseas Educon IPO:
What is the Issue Size of Moxsh Overseas Educon IPO?
The Company is making an initial public offer of 680,800 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Moxsh Overseas Educon IPO?
The price band for this particular IPO ranges between Rs 153. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Moxsh Overseas Educon IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Dec 21, 2022, while the closing date is set at Dec 23, 2022.
What is the Moxsh Overseas Educon IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Dec 28, 2022, refund initiation is on Dec 29, 2022, credit of shares is on Dec 30, 2022, and share listing date is on Jan 2, 2023.
What is the Moxsh Overseas IPO Listing Date?
Shares of this company shall be listed in the exchanges on Jan 2, 2023. The date, when the listing would be done, is stagnant on Jan 2, 2023.
Who is the Registrar of Moxsh Overseas IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Moxsh Overseas IPO?
Here are the promoters of this IPO – PRITI DHANANJAY SHAH. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Moxsh Overseas IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of the Kostak rate and subject to sauda or SS are as well included in this report.
Is Moxsh Overseas IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Moxsh Overseas Educon Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 111.20. PAT from Jun 2022 is 17.12.
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