DHANANJAY JAICHAND SHAH – aged 54 years, is the Promoter, Chairman and Managing Director. He holds a Bachelor of Engineering (Electrical) degree from University of Bombay in 1989. He has an overall experience of 28 years in different arenas such as IT Hardware Industry, New Age Digital Out of Home Media and Education Segment. In 2012, he co-founded Moksh Overseas Education Consultants as a proprietary concern engaged in business of student mobility with its primary focus being medicine programs. His current key responsibilities include Ideation, Growth strategy and team building for vision implementation. PRITI DHANANJAY SHAH - aged 50 years, holds directorship of the Company since incorporation. She possesses Bachelor of Commerce degree from S.I.E.S College, University of Mumbai and a Diploma in Business Management from Prin. L. N. Welingkar Institute of Management Development and Research. She started her professional journey as the proprietor of Moksh Overseas Education Consultants in 2012. Her current key responsibilities include managing finance of the Company and ensuring compliances for taxes and documentations. BRIJESH KUMAR SHARMA – aged 44 years, is a Director in the Company. He is an Electronics and Communication Engineering from MANIT (National Institute of Technology) Bhopal. He has more than 20 years of experience in the field of Medical Education System, Radio Frequency Planning & Optimization, Network Quality & Performance, Project deployment, Network Operations, Wireless and Fiber Transport Networks, Wireless Core Network and Telecom Regulatory. His current key responsibilities include Managing Business Operations in Bhopal.

Particulars (Fig. In Lakhs)	2022	2021	2020
Revenue from Operations	1,007	386	814
Direct Expenses	79	43	166
Employees Benefit Expenses	405	151	306
Other Expenses	340	172	313
EBITDA	183	20	29
OPM%	18.17%	5.18%	3.56%
Other Income	1	0	4
Depreciation	30	8	2
Finance Cost	2	4	0
PBT	152	8	31
Tax	42	3	9
PAT	110	5	22
No. of Shares	22.5	22.5	22.5
EPS	4.9	0.2	1.0

 

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Review and Recommendation of Moxsh Overseas Educon Limited IPO is 5/10 1. They're an Edu-Medi Tech company that offers learning solutions, counselling, and mobility services to MBBS students in India and overseas under the brand "MOKSH" ('student mobility services'). 2. They also provide advice to students for their medical career planning and execution. They are a digitally native, technology-led firm that provides online test preparation for medical entrance exams, NEET-UG, and medical licence exams, such as USMLE, PLAB, DHA, NeXT, FMGE, under the brand "MOKSH Academy" ('healthcare academy'). 3. As of August 31, 2022, they have 23 touch points in India, including 18 franchised locations and registered and branch offices in Mumbai, Pune, Delhi, Bhopal, and Ahmedabad.Company has incorporated different services throughout a medical student's path, from UG to PG (Specialist). 4. They group their service offerings under the following brands: Studium - Concept of Edu-Clinic, Healthcare Academy, Capturing Market & Going Global. 5. They consider their brands "MOKSH" and "MOKSH Academy" to be interchangeable as a provider of career solutions that provides a whole solution for students hoping to become medical professionals. Over 685 students were recruited by its student mobility services in the most recent three fiscal years to study at various overseas medical universities, and over 580 students were served by its healthcare academy services. 6. To meet the rising demand for their test preparation and mobility services, they want to harness the brand recognition, their experience, and their scalable business strategy and through destination service agents ("DSA") who are in charge of post-arrival services, they are also present in five other nations: Russia, Georgia, Serbia, Bangladesh, and Poland. 7. Their innovative technique helps every student — Understand the career roadmap up to a PG programme to become a specialist, (ii) Identify study abroad choices, and (iii) Evaluate the best options based on educational, financial, and other capacities. (iv) Technology-driven student recruiting, (v) International travel desk, (vi) Language and etiquette crash course before departure, (vii) Post-arrival aid in the target country. 8. Revenue has increased from 8 Crores in Fy20 to 10 Crores in Fy22. 9. EBITDA has increased from 33 Lakhs in Fy20 to 1.85 Crores in Fy22. 10. PAT has increased from 21 Lakhs in Fy20 to 1.11 crore in Fy22 11. EPS of Fy22 is 4.9 , so, P/E of the IPO is 30.8x looks over-valued.

Moxsh Overseas Educon Limited 159/160, Kaliandas Udhyog Bhavan, Century Bazar, Prabhadevi, Mumbai - 400025, Maharashtra, India Phone: +91 9699 360 370 Email: cs@moksh16.com Website: https://www.moksh16.com/