Moxsh Overseas Educon announces launch of initial public offering
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Moxsh Overseas Educon Ltd. has announced public offering of 680800 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 143.00 per share. The gross proceeds of the issue are expected to be Rs 1,041.62 lakhs. The company's initial public offer (IPO) will open on 21 December 2022 and is expected to close on 23 December 2022, subject to customary closing conditions. The IPO includes a fresh Issue of 680800 Equity Shares of the Company at an price of Rs 153.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 800 shares with bids in multiples of 800. Moxsh Overseas Educon Ltd. anticipates using the proceeds of the issue for Meeting the working capital requirements Expenditure to enhance visibility and awareness of the brands General corporate purposes. Fedex Securities Private Limited as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.
