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Open
21 Dec 2022
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Close
23 Dec 2022
3
Allotment
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Listing
Fri, Dec 30, 2022
Price Band
₹153 per share
Issue Size
6,80,800 shares (agg. up to ₹10 Cr)
Lot Size
800 Shares
Listing Date
Fri, Dec 30, 2022
Latest GMP
₹20
Est. Gain
13.07%
✦ AI Insight
GMP Trend
30-12-2022₹20Est. ₹173+13.07%
29-12-2022₹26Est. ₹179+16.99%
28-12-2022₹25Est. ₹178+16.34%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 99.26x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2022 | 31 Mar 2022 |
|---|---|---|
| Assets | 5.87 | 4.87 |
| Total Income | 0.17 | 10.09 |
| Profit After Tax | 0.17 | 1.11 |
| NET Worth | 2.02 | 1.47 |
| Reserves and Surplus | 1.63 | 1.11 |
| Total Borrowing | 1.13 | 0.44 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Arihant Academy Ltd. | SME | ₹14.72 Cr | ₹90 | 19.11 | ₹126.10 | +40.11% | ₹470.00 (+4.44%) |
| Ascensive Educare Ltd. | SME | ₹2.26 Cr | ₹26 | 18.98 | ₹28.95 | +11.35% | ₹19.55 (-3.03%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
About Moxsh Overseas Educon IPO
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 w
Contact Details
Moxsh Overseas Educon Ltd. Address159/160, Kaliandas Udhyog BhavanCentury BazarPrabhadeviMumbai, Maharashtra, 400025+91 9699 360 370cs@moksh16.comVisit Website