Moxsh Overseas Educon Limited

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
Email	cs@moksh16.com
Website	https://www.moksh16.com/

Offer Documents

Moxsh Overseas Educon Limited DRHP

Moxsh Overseas Educon Limited RHP

Registrar Details

Name	Bigshare Services Pvt Ltd
Phone	+91-22-6263 8200
Email	ipo@bigshareonline.com
Website	https://ipo.bigshareonline.com/ipo_status.html

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%