IPO Issue Details
Issue Price / Price Band₹153 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size800 Shares per Lot
Total Issue Size6,80,800 shares (aggregating up to ₹10.42 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 21 Dec 2022
Subscription CloseFri, 23 Dec 2022
Anchor AllotmentTue, 20 Dec 2022
Basis of AllotmentWed, 28 Dec 2022
Initiation of RefundsThu, 29 Dec 2022
Credit of Shares to DematFri, 30 Dec 2022
Listing DateFri, 30 Dec 2022
UPI Mandate Deadline2022-12-23
Application & Investment Details
Retail — Min (1 Lots)₹1,22,400 — 800 shares
Retail — Max (13 Lots)₹1,591,200 (13 Lots)
HNI — Min (2 Lots)₹2,44,800 — 1,600 shares
P/E Ratio (Pre-IPO)50x
Net Offer to Public6,46,400 shares (aggregating up to ₹9.89 Cr)
Reserved for Market Maker34,400 shares (aggregating up to ₹0.5263 Cr)
Pre-IPO Promoter Holding15,60,000 shares
Post-IPO Promoter Holding22,40,800 shares
About Moxsh Overseas Educon Ltd.
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 approachUnique Brand PositioningStrong networkExperienced management team with a proven track record and Trained employee baseTechnology driven business model
Objects of the Issue
Moxsh Overseas Educon Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Meeting our working capital requirements
2.50
2
2 Expenditure to enhance visibility and awareness of the brands
3.18
3
3 General corporate purposes
2.55
Shareholding & Lock-in
Pre-IPO Promoter Holding
15,60,000 shares
Post-IPO Promoter Holding
22,40,800 shares