Incorporated in 2018, Moxsh Overseas Educon Limited is an Edu-Medi Tech company engaged in the business of offering learning solutions, counselling and mobility services to medical studies (MBBS) students in India or abroad under our brand “MOKSH” (‘ student mobility services’).
The company offers following services:
1. Student Mobility Services: (University Guidance, Application Support, University Placement, Travel Support, Post Arrival Services)
2. Healthcare Academy (Entrance Exams such as NEET-UG and for medical licensing exams such as USMLE, NeXT, FMGE etc.)
Moxsh Overseas Educon Limited’s business model leverages upscaling technologies and uses up-to-date technology to deliver digital courses and learning solutions, which enables students to engage in self-paced learning.
As of August 31, 2022, the company has a presence across 23 touch points in India, of which we have a presence in 18 cities through franchisee arrangements and with the 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 and the company also has entered into contracts with 6 international universities from Lithuania, Croatia, Latvia and Malaysia.
Competitive 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
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-22 | 487.14 | 1009.49 | 111.2 | 147.21 | 111.21 | 43.57 |
| 30-Jun-22 | 587.14 | 17.12 | 17.12 | 201.84 | 162.84 | 112.51 |
| Amount in ₹ Lakhs |
Objects of the Issue
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
Moxsh Overseas Educon IPO Details
| IPO Date | Dec 21, 2022 to Dec 23, 2022 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹153 per share |
| Lot Size | 800 Shares |
| Issue Size | 680,800 shares of ₹10 (aggregating up to ₹10.42 Cr) |
| Fresh Issue | 680,800 shares of ₹10 (aggregating up to ₹10.42 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| P/E (x) | 30.91 |
| Market Cap (₹ Cr.) | 34.28 |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Market Maker | PURE BROKING PRIVATE LIMITED |
| Company Promoters | Priti Dhananjay Shah is the company promoter. |
Moxsh Overseas Educon IPO Tentative Timetable
Moxsh Overseas Educon IPO opens on Dec 21, 2022, and closes on Dec 23, 2022. The Moxsh Overseas Educon IPO bid date is from Dec 21, 2022 10.00 A.M. to Dec 23, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Dec 21, 2022 |
| Closing Date | Dec 23, 2022 |
| Basis of Allotment | Dec 28, 2022 |
| Initiation of Refunds | Dec 29, 2022 |
| Credit of Shares to Demat | Dec 30, 2022 |
| Listing Date | Jan 2, 2023 |
Moxsh Overseas Educon IPO Lot Size
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).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹122,400 |
| Retail (Max) | 1 | 800 | ₹122,400 |
| HNI (Min) | 2 | 1,600 | ₹244,800 |
Moxsh Overseas Educon IPO Promoter Holding
| Pre Issue Share Holding | 88.49% |
| Post Issue Share Holding | 61.61% |
Moxsh Overseas Educon IPO Review
The company is in a highly competitive and fragmented segment. Its financial performance so far is not in line with the asking price. Based on its earnings, the issue is aggressively priced. A small equity base post-IPO indicates a longer gestation period for migration to the mainboard. There is no harm in skipping this costly issue. Read detail review…
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: https://www.moksh16.com/
Moxsh Overseas Educon IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com