January 2, 2023
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Moxsh Overseas Educon IPO Analysis at Chanakyanipothi.com
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Moksh Overseas listed at Rs. 131 on 2 January 2023
Moxsh Overseas Educon IPO Grey Market updates
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Moxsh Overseas Subscription Status
# On 22 December 2022 @ 5.00 pm (Day 2)
NII: 323200 Shares, 5.47T
RII : 323200 Shares, 23.67T
Total: 646400 Shares 14.57T
Moxsh Overseas Educon Company Details
The Company is engaged in the business of engineering, execution, testing, commissioning operation and maintenance, particularly in the field of mechanical and rotary equipment for Oil & Gas Refineries, Gas Cracker Plants, Coal/Gas/WHR based Power Plants, Petrochemical, Chemicals, Cement, Fertilizers. The company is Class -I certified Boiler Repairer / Erector and System /Feed Line fabricator / Erector service provider under Indian Boiler Regulations- 1950. The Company provides following services in different plant like crude (CDU-VDU), DHDS, FCCU, NHT-CCR, HMU-I & II, VGO –DHDT-ISOM, CPP (Boiler, Piping HT job with IBR coordination), DCU(Coker) Utility, Off site, RTF (Pit area) dispatch, Rail and Jetty with around 650 Manpower and also involve in ARC maintenance job in RIL-Jamnagar and YARA-Babrala.
It has executed around 14 Turnaround Shutdowns Job including Mega/Mini Shutdowns in Reliance Industries Limited, Nayara Energy Limited (Formerly Known as Essar Oil Limited) and Yara Fertilizers India Limited & HMEL-Bathinda
It has work order book of approximately Rs 121 Crores (Including GST) as on September 06, 2022. Recently the company has received letter of Intent from Malco Energy Limited (Part of Vedanta Group) worth Rs 200 Crores for Operations and Maintenance of Metcoke Manufacturing Plant. Contract Tenure is for 3 years.
For more information about the company, Click www.rbminfracon.com
| Moxsh Overseas Educon IPO Details | |
| IPO opens on | 21 December 2022 |
| IPO closes on | 23 December 2022 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 680800 Sh /Rs 10.42 Cr |
| * Fresh Issue | 680800 Shares /Rs 10.42 Cr |
| * Offer for Sale | – Shares /Rs (?)Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 153 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 800 Shares |
| Listing will at | NSE Sme |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (00 %) | 0 | 0 |
| NII (50 %) | 323300 | 4.95 |
| RII (50 %) | 323200 | 4.95 |
| Total Shares | 646400 | 9.90 |
| Retail portion will be oversubscribed by | 404 | |
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 800 Sh | Rs. 122400 |
| Max Retail Application | 1600 Sh | Rs. 244800 |
Promoters of the IPO
Priti Dhananjay Shah
Objects of the IPO:
The Company intends to utilize the Net Fresh Issue Proceeds for funding working capital requirements.
| Moxsh Overseas IPO Tentative timetable | |
| IPO opens on | 21 December,2022 |
| IPO Closes on | 23 December,2022 |
| IPO Allotment on | 28 December,2022 |
| Unblocking of ASBA | 29 December 2022 |
| Credit to Shares | 30 December 2022 |
| Listing on | 2 January2022 |
| Registered Office of Moxsh Overseas IPO | |
| 159/160, Kaliandas Udhyog Bhavan, Century Bazar, Prabhadevi, Mumbai – 400025 |
|
| RBM Infracon IPO Lead Managers | |
| Bigshare Services Pvt Ltd | |
| Registrar to RBM Infracon IPO | |
| Fedex Securities Limited |
| Moxsh Overseas IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. Cr | Rs. Cr | Rs. | % | |
| 2019-20 | – | – | 1.63 | 80.56 |
| 2020-21 | – | – | 0.34 | 14.03 |
| 2021-22 | 10.09 | 1.11 | 7.73 | 75.54 |
| Book Value of the Share on | 31.03.2022 | Rs.13.62 | ||
| Book Value of the Share | after the IPO | Rs.- | ||
| Offer Price | Rs. 153 | |||
| Ratio Analysis | |
| Upper Price Band/last EPS | 19.8 |
| Upper offer price/Book Value Ratio | 11 |
| Upper offer price/BV after IPO Ratio | |
Moxsh Overseas IPO Peer Comparison
There is no other listed company having similar business that of this company
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