Moxsh Overseas Educon Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 323,200 (47%) | — | ₹494 Cr |
| Retail | — | 323,200 (47%) | — | ₹494 Cr |
| Market Maker | — | 34,400 (5%) | — | ₹5 Cr |
| Σ Total | — | 680,800 (100%) | — | ₹10,416 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹122,400 |
| Retail (Max) | 13 | 10,400 | ₹1,591,200 |
| S-HNI (Min) | 14 | 11,200 | ₹1,713,600 |
| B-HNI (Min) | 67 | 53,600 | ₹8,200,800 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-22 | 30-Jun-22 |
|---|---|---|
| Revenue | 1,009 | 17 |
| Profit After Tax | 111 | 17 |
| Net Worth | 147 | 202 |
| Total Assets | 487 | 587 |
| Reserves & Surplus | 111 | 163 |
| Total Borrowing | 44 | 113 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Meeting our working capital requirements – 2.50
- 2 Expenditure to enhance visibility and awareness of the brands – 3.18
- 3 General corporate purposes – 2.55
Company Overview
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