Moxsh Overseas Educon IPO: GMP, Price, Dates, Issue Size

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Moxsh Overseas Educon IPO 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. 

Moxsh Overseas Educon IPO – Overview    

IPO Dates  21- 23 Dec 2022. 
IPO Price  INR 153 per share  
Fresh issue  680,800 shares (INR 10.42crore)  
Offer For Sale  Nil 
Total IPO size  680,800 shares (INR 10.42 crore)  
Minimum bid (lot size)  600 shares 
Face Value   INR 10 per share  
Retail Allocation  50%  
Listing On  NSE Emerge 
Ducol Organics IPO: GMP, Price, Dates, Issue size

MOXSH OVERSEAS EDUCON IPO -Tentative Dates           

IPO Offer Opening Date  21 December 2022 
IPO Closing Date  23 December 2022  
Finalisation of Basis of Allotment  28 December 2022  
Initiation of refunds  29 December 2022  
Transfer of shares to demat accounts  30 December 2022  
IPO Listing Date  30 December 2022 
Opening Price on NSE SME  Coming soon  
Closing Price on NSE SME  Coming soon 

Company Overview    

Moxsh Overseas Educon Limited is an Edu-Medi Tech company engaged in the business of offering learning solutions, counseling and mobility services to medical studies (MBBS) students in India or abroad under the 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. 

Objects of the Issue 

  • Working Capital requirements of the Company. 
  • To meet Issue Expenses. 
  • General Corporate Purpose. 

Company Financials

Particulars          31-March-22 31-June-22 
Total Assets          487.14 587.14 
Total Revenue          1009.49 17.12 
Profit After Tax          111.2  17.12 

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/ 

Registrar 

Bigshare Services Pvt Ltd 
 
Phone: +91-22-6263 8200 
Email: ipo@bigshareonline.com 
Website: http://www.bigshareonline.com 

IPO Lead Manager(s) 

  1. Fedex Securities Limited (Past IPO Performance) 

Lead Manager Reports 

  • IPO Lead Manager Performance Summary 
  • IPO Lead Manager Performance Tracker 

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