Moxsh Overseas Educon Limited

Company Profile
Company Name Moxsh Overseas Educon Limited
Open Date 21-12-2022
Close Date 23-12-2022
Exchange NSE SME
Lot Size 800 Shares
Issue Price ₹ 153 per share
Issue Size 6,80,800 Equity Shares
Application Amount ₹ 1,22,400
Recommendation Avoid
Moxsh Overseas Educon Limited was first established in the year 2012 as a proprietorship firm. Later on in the year 2018 it was converted to private limited company and was incorporated as “Moxsh Overseas Educon Limited”. The company is in the business of providing coaching services, mobility services and consultancy services to the medical aspirant students. Company currently has 23 touchpoints in India, of which it has 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.
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Summary of Financials (All financials in Lakh)

For the Period Ended Jun-22 Mar-22 Mar-21
Total Assets 587.14 487.14 144.89
Net Assets 201.84 147.21 34.00
Total Borrowings 112.51 43.57 0.06
Total Revenue 228.03 1,009.49 386.78
Profit After Tax 17.12 111.20 4.77

Tentative Timeline

Opening Date 21-12-2022
Closing Date 23-12-2022
Basis of Allotment 28-12-2022
Initiation of Refunds 29-12-2022
Credit of Shares to Demat 30-12-2022
Listing Date 30-12-2022

Objects of the Issue

Meeting the working capital requirements
Expenditure to enhance visibility and awareness of the brands
General corporate purposes

Contact Information

Registered Office Moxsh Overseas Educon Limited 159/160, Kaliandas Udhyog Bhavan, Century Bazar, Prabhadevi, Mumbai - 400025, Maharashtra, India
Phone +91 9699 360 370

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 34,400 (5.05%)
Other Shares Offered 3,23,200 (47.47%)
Retail Shares Offered 3,23,200 (47.47%)
Total Shares Offered 6,80,800 (100%)

Shareholding Pattern

Pre Issue Share Holding (Promoters) 88.49%
Post Issue Share Holding (Promoters) 61.61%

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