Moxsh Overseas Educon Ltd - IPO

Moxsh Overseas Educon Ltd IPO Details

Initial public issue of 6,80,800 equity shares of face value of Rs. 10/- each (Equity Shares) of Moxsh Overseas Educon Limited (The Company or the Issuer) for cash at a price of Rs. 153/- per equity share (the Issue Price), (including a premium of Rs. 143 per equity share), aggregating Rs. 10.42 croress (The Issue), of which 34,400 equity shares of face value of Rs. 10/- for cash at a price of Rs. 153/- each aggregating Rs. 0.53 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 6,46,400 equity shares of face value of Rs. 10 each for cash at a price of Rs. 153 per equity share, aggregating to Rs. 9.89 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 30.38% and 28.85% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price is 15.3 times of the face value. Minimum application of 800 equity shares and in multiples of 800 equity shares thereafter.

Objective of issue

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

Moxsh Overseas Educon Ltd Contact Details

Moxsh Overseas Educon Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@moksh16.com

Website - www.moksh16.com