Moxsh Overseas Educon was incorporated on May 02, 2018. The company offers diverse and cohesive learning solutions, counselling and mobility services to students aspiring to pursue medical studies in India or abroad under the brand, MOKSH.
| Bidding Dates |
|---|
| 21 Dec 2022 - 23 Dec 2022 |
| Subscription |
|---|
| 100.36x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,22,400 | 1 | 1 | 800 | 680.8 K | ₹153 | 69.62 % | ₹104.2 M | RHP DOC |
Moxsh Overseas Educon IPO SUBSCRIPTION STATUS
23 Dec '22Moxsh Overseas Educon IPO overall subscription rate was 100.36 times the total available shares
Moxsh Overseas Educon IPO retail subscription rate was 107.63 times in the retail segment
Moxsh Overseas Educon IPO non-institutional investor subscription rate was 93.09 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
23 Dec 2022 (Day 3) | 107.63x | 93.09x | - |
22 Dec 2022 (Day 2) | 23.67x | 5.47x | - |
21 Dec 2022 (Day 1) | 6.13x | 2.23x | - |
Moxsh Overseas Educon FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| Q1FY23 | 1.7 | 22.8 | -10.2 | -11.6 |
| FY22 | 11.1 | 100.8 | 5.3 | -3.1 |
Moxsh Overseas Educon IPO SUBSCRIPTION STATUS DETAILS
Moxsh Overseas Educon had 680.8 K shares on offer
Moxsh Overseas Educon IPO offer price was ₹153
Moxsh Overseas Educon IPO minimum Investment was ₹122400
Moxsh Overseas Educon IPO issue size was ₹ 104.2 M
Moxsh Overseas Educon had a minimum lot size of 800 Shares per application
Moxsh Overseas Educon NUMBER OF SHARES ON OFFER
Moxsh Overseas Educon IPO IMPORTANT DATES
| Issue Open Date | 21 Dec 2022 |
| Issue close Date | 23 Dec 2022 |
| Allotment Date | 28 Dec 2022 |
| Refund Date | 29 Dec 2022 |
| Demat Account Credit Date | 30 Dec 2022 |
| Listing Date | 30 Dec 2022 |
| Listing on Exchange(s) | NSE |
| Moxsh Overseas Educon Allotment Status | Exchange |
Moxsh Overseas Educon IPO subscription opened on 21 Dec 2022, and closed on 23 Dec 2022
IPO allotment for Moxsh Overseas Educon was finalized on Wednesday, 28 Dec 2022
IPO listing for Moxsh Overseas Educon was on NSE on Friday, 30 Dec 2022
Moxsh Overseas Educon IPO LISTING GAINS
| Issue Price (adjusted) | 38.3 |
| Listing Open Price | 131.0 |
| Listing Close Price | 127.8 |
| Listing Gain% | -14.4% |
| Current Gain% | 177.1% |
Moxsh Overseas Educon Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Moxsh Overseas Educon Ltd. | 106 | 23.8 | 43.7 | -0.2 | 1.8 | 15.1 | 9.8 | 13.1 | 33.1 | 2.3 | 553.1 | 2.4 | -206.9 |
| Physicswallah Ltd. | 125.7 | 36455.4 | -1620.9 | -18.1 | 9.3 | -0.5 | -0.3 | 4131 | 35.9 | -22.5 | 89.6 | -0.1 | 89.6 |
| NIIT Learning Systems Ltd. | 247.2 | 3411.8 | 13.3 | 0.7 | 1.7 | 16 | 8.1 | 1987.9 | 17.1 | 247.7 | 8.9 | 18.5 | 18 |
| Crizac Ltd. | 185.8 | 3251.7 | 14.8 | 0.4 | 3.1 | 37.5 | 25 | 1071.1 | 21.1 | 219.1 | 43.3 | 12.6 | 40.2 |
| Shanti Educational Initiatives Ltd. | 201 | 3238.1 | 549.6 | -33.2 | 58.3 | 7.7 | 5.8 | 59.4 | -5.9 | 5.9 | -16.6 | 0.4 | -16.6 |
| Mobavenue AI Tech Ltd. | 310 | 2325 | 94.2 | 0 | 13.1 | 32.4 | 14.3 | 220.2 | 4576 | 29.3 | 3706.7 | 3.3 | 2384.1 |
Moxsh Overseas Educon INFORMATION ON IPO ISSUE
About Moxsh Overseas Educon
Moxsh Overseas Educon was incorporated on May 02, 2018. The company offers diverse and cohesive learning solutions, counselling and mobility services to students aspiring to pursue medical studies in India or abroad under the brand, MOKSH.
Object of the Issue
- Meeting the working capital requirements
- Expenditure to enhance the visibility and awareness of the brands
- General corporate purposes
Moxsh Overseas Educon - PROMOTERS
| Name |
|---|
| Priti Dhananjay Shah |
Moxsh Overseas Educon Lead Manager to the Issue
Fedex Securities Private Limited
mb@fedsec.in
Moxsh Overseas Educon Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Moxsh Overseas Educon Strengths
Unique brand positioning
The brand MOKSH and MOKSH Academy is a career solution provider that offers an end-to-end solution for students aspiring to become medical professionals
Strong network
As on March 31, 2022, the company has 23 touch points in India through its own centres and franchise networks with third parties to work under the brand name of MOKSH
Experienced team
The company has an experienced management team with a proven track record and a trained employee base
Technology-driven business model
The company’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
Moxsh Overseas Educon Risks
Cyclical business
The business is linked to the academic cycle and is, therefore, cyclical in nature
Unregistered intellectual property
The intellectual property developed by the company has not been registered under the patent or copyright laws of India
Outstanding legal proceedings
There are outstanding legal proceedings involving the promoters, directors and group companies
IPO FAQs
Moxsh Overseas Educon Ltd. IPO listing opened at Rs 131.00 while the issue price was Rs 153.00 giving -14.38% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 38.25 giving 177.12% gains since its IPO listing.
The promoter of the company is Priti Dhananjay Shah.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 153.0 - 153.0.
The IPO application opens on Dec 21, 2022 and closes on Dec 23, 2022.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 122,400.0, the maximum value for this IPO is Rs 122,400.0.
This IPO will be allotted on Dec 28, 2022.
The refund will be credited to your account on Dec 29, 2022.
The allotted shares will be credited to your demat on Dec 30, 2022.
Moxsh Overseas Educon Ltd.’s shares listed on the stock exchanges on Dec 30, 2022.