
Education Services · NSE
Incorporated in 2018, Moxsh Overseas Educon Limited is an Edu-Medi Tech company operating under the brand “MOKSH,” offering learning, counselling, and mobility services to students pursuing medical education (MBBS) in India or abroad. The company provides two main services — Student Mobility Services, which include university guidance, application support, placement, travel assistance, and post-arrival services; and Healthcare Academy programs that prepare students for entrance and licensing exams like NEET-UG, USMLE, NeXT, and FMGE. Leveraging advanced technology, Moxsh delivers digital learning solutions that promote self-paced education. As of August 31, 2022, it has 23 touchpoints across India, including franchisee operations in 18 cities and offices in Mumbai, Pune, Delhi, Bhopal, and Ahmedabad. The company employs over 45 trained counsellors and has partnerships with six international universities across Lithuania, Croatia, Latvia, and Malaysia.
Price Band
₹153
Issue Size
₹10.42 Cr
Lot Size
800 shares
GMP
+13.1%
Est. Listing
₹173
at current GMP
Subscribed
100.44x
overall
Open
21 Dec 2022
Close
23 Dec 2022
Allotment
28 Dec 2022
Refund
29 Dec 2022
Demat Credit
30 Dec 2022
Listing
30 Dec 2022
Designated Registrar: Bigshare Services Private Limited
Allotment Date
28 Dec 2022
Basis finalization
Refunds Initiate
29 Dec 2022
Mandate release
Demat Credit
30 Dec 2022
Shares in demat
Listing Debut
30 Dec 2022
Trading begins
Moxsh Overseas Educon Limited is bringing an initial public offering (IPO) in the Education Services sector with an aggregate issue size of ₹10.42 Crores. The shares are offered at a price band of ₹153 to ₹153 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 800 shares (approx. ₹1,22,400 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-12-30, while un-allotted funds or UPI block mandates will be released on 2022-12-29.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.