The Moxsh Overseas Educon IPO’s GMP, Review, Price, and Allotment
Description of the Moxsh Overseas Educon IPO – Our organisation, Moxsh Overseas Educon, is an Edu-Medi Tech firm that provides a variety of learning options, guidance, and mobility assistance to students in India and elsewhere who are interested in pursuing a medical degree (MBBS). In addition to its student mobility services, the firm counsels students on developing and pursuing careers in the medical field. The company was born online and is driven by cutting-edge technology; under the MOKSH Academy brand name, it offers an online learning programme for students taking the NEET-UG as well as medical professionals preparing to take the USMLE, PLAB, DHA, NeXT, FMGE, and other similar exams (healthcare academy).
As of the 31st of August 2022, the company has a total of 23 points of contact across India. This includes 18 locations serviced by franchisees and 5 locations where the company itself is headquartered or has a significant presence. Having signed contracts with six foreign colleges in Lithuania, Croatia, Latvia, and Malaysia as of 31 August 2022, the organisation now employs more than 45 seasoned counsellors.
Founded in 2018, Moxsh Overseas Educon Limited is an Edu-Medi Tech firm that provides “MOKSH” (‘ student mobility services’) branded learning solutions, counselling, and mobility services to students pursuing a medical degree in India or elsewhere.
The following are some of the products and services provided by the firm:
- Assistance with Transportation for Students: (University Guidance, Application Support, University Placement, Travel Support, Post Arrival Services)
- Second Medical School (Entrance Exams such as NEET-UG and for medical licencing exams such as USMLE, NeXT, FMGE etc.)
- Moxsh Overseas Educon Limited’s concept takes advantage of scaling technologies and employs cutting-edge tools to provide online courses and flexible learning options for students.
- We have a presence in 18 cities in India through franchisee arrangements and have registered and branch offices in 5 cities (Mumbai, Pune, Delhi, Bhopal, and Ahmedabad) as of August 31, 2022.
- As of August 31, 2022, the company has contracted with six foreign colleges in Lithuania, Croatia, Latvia, and Malaysia, and employs more than forty-five professional, knowledgeable, and well-trained counselors.
Advantages in the Market:
- A focused, all-around approach
- Unique Brand Positioning
- Strong group
- Management team with experience and a track record, and trained
- staff business model based on technology.
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 |
| Amount in ₹ Lakhs | ||||||
Moxsh Overseas Educon IPO Details
| Moxsh Overseas IPO Dates | 21 – 23 December 2022 |
| Moxsh Overseas IPO Price | INR 153 per share |
| Fresh issue | 6,80,800 shares (INR 10.42 crore) |
| Offer For Sale | NA |
| Total IPO size | 6,80,800 shares (INR 10.42 crore) |
| Minimum bid (lot size) | 800 shares (INR 122,400) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Moxsh Overseas Educon Financial Performance
| FY 2020 | FY 2021 | FY 2022* | |
| Revenue | 8.14 | 3.86 | 10.08 |
| Expenses | 7.88 | 3.79 | 8.57 |
| Net income | 0.22 | 0.05 | 1.11 |
Moxsh Overseas Educon Valuations & Margins
| FY 2020 | FY 2021 | FY 2022* | |
| EPS | 1.63 | 0.34 | 7.73 |
| PE ratio | – | – | 19.79 |
| RONW (%) | 80.56 | 14.03 | 75.54 |
| NAV | 10.22 | 15.46 | 13.62 |
Goals of the Debate
The company plans to use the Net Proceeds from the Issue for the following:
1. Having enough money to run the business
2. Money spent to make the brands more visible and known
3. General corporate purposes
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Moxsh Overseas Educon Offer Lead Manager
FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers,
Dayaldas Road, Vile Parle –East
Mumbai – 400 057, Maharashtra
Phone: +91 81049 85249
Email: mb@fedsec.in
Website: www.fedsec.in
Moxsh Overseas Educon Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093, Maharashtra
Telephone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Moxsh Overseas Educon Contact Details
MOXSH OVERSEAS EDUCON LIMITED
159/160, Kaliandas Udhyog Bhavan,
Century Bazar, Prabhadevi, Mumbai –
400025, Maharashtra
Phone: +91 9699 360 370
E-mail: cs@moksh16.com
Website: www.moksh16.com
Moxsh Overseas Educon IPO FAQs
What is the size of the Moxsh Overseas Educon offer?
The number of shares in Moxsh Overseas’s offer is 6,80,800.
What is the price band for the Moxsh Overseas Educon IPO?
Moxsh Overseas is selling shares to the public for INR 153 each.
How many shares does each lot of Moxsh Overseas Educon IPO have?
The number of shares in a Moxsh Overseas offer lot is NA.
What is today’s Moxsh Overseas Educon IPO GMP?
Moxsh Overseas’s IPO GMP is INR NA per share as of today.
What is the current rate for Moxsh Overseas Educon kostak?
Today, the Moxsh Overseas kostak rate is “NA” per application.
What is the current rate for Moxsh Overseas Educon Subject to Sauda?
The current rate for Moxsh Overseas Subject to Sauda is INR NA per application.
