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 |
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)
- Fedex Securities Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
