Ebixcash is coming up with an IPO consisting of fresh issue of INR 6,000 crores. The main objective of IPO is to fund the working capital requirement of their subsidiaries and to purchase compulsory convertible debentures issued by their subsidiaries.
EbixCash IPO – Important Details
| EbixCash IPO Date | NA |
| EbixCash IPO Listing Date | NA |
| EbixCash IPO Price | NA |
| EbixCash IPO Lot Size | NA |
| EbixCash IPO Total Issue Size | Approx ₹6000 Crores |
| EbixCash IPO Basis of Allotment | NA |
| EbixCash IPO Initiation of Refunds | NA |
| EbixCash IPO Credit of Shares to Demat | NA |
| EbixCash IPO Issue Type | Book Built Issue IPO |
| EbixCash IPO Listing At | BSE, NSE |
EbixCash IPO – Company Profile
EbixCash is a technology enabled provider of digital products and services in the B2C, B2B arena. The company operates in four primary business segments, (i) payment solutions, (ii) travel, (iii) financial technologies and (iv) business processing outsourcing (“BPO”) services and start-up initiatives.
The company provides a variety of products in India and in over 75 international jurisdictions, including (i) front-end focused domestic and international money remittance, foreign exchange (“Forex”), prepaid gift cards, utility payments, Aadhaar Enabled Payment Services (“AEPS”) services, PoS services, ticketing services; and (ii) back-end focused SaaS and self-hosted solutions for the financial sector including lending and wealth management operations, bus exchange technology, insurance and healthcare technology.
According to ‘IBS Sales League Table 2021’ the company was ranked no.1 in private banking and wealth in India and no.4 in global private banking and wealth management segment.
EbixCash IPO Objective
The main objectives of EbixCash are as follows:
- To fund the working capital requirement of the company’s subsidiaries: The company’s businesses are of travel, forex, technology and bus exchange, are highly working capital intensive and such working capital requirements is expected to increase with expected growth of these businesses. The company proposes to utilize ₹ 1,035.02 crore of the Net Proceeds over the next three Financial Years from listing towards working capital requirements of their subsidiaries- Ebix Travels Private Limited and EbixCash World Money Limited.
- Purchase of compulsory convertible debentures issued by their subsidiaries: The company’s subsidiaries- EbixCash World Money Limited, Ebix Travels Private Limited, Ebix Paytech Private Limited, Ebix Money Express Private Limited, and Ebix Technologies Private Limited have issued 21,213,991 compulsorily convertible debentures to Ebix Asia Holdings Inc, Mauritius which is a member of our Promoter Group. The Company proposes to utilise ₹ 2421.22 crore from the Net Proceeds to purchase the debentures and ₹ 326.34 crore for the payment of interest accrued.
EbixCash IPO Risks And Challenges
Investing in IPOs comes with its own set of risks and challenges. For EbixCash IPO, these are some of the major risks and challenges:
- Significant reliance on information technology: The use and dependency of the company on information technology is very high. It helps to manage the front-end customer interface, eKYC onboarding, mobile application etc.
- Risk of cybersecurity threats: A successful cybersecurity attack could interrupt or disrupt our information technology systems or cause the loss of confidential or protected data, which could disrupt our business, force us to incur excessive costs or cause reputational harm.
EbixCash IPO Peer Comparison
There are no listed entities in India whose business portfolio is comparable with that of the company’s business. Accordingly, it is not possible to provide an industry comparison in relation to the company.
EbixCash IPO Financial Information
| Particular | As at 31 March 2021 | As at 31 March 2022 | As at 31 March 2023 |
| Revenue (₹ in Million) | 10,436.95 | 16,229.53 | 23,719.33 |
| Equity (₹ in Million) | 42,356.70 | 46,988.17 | 53,403.46 |
| Expenses (₹ in Million) | 7,916.04 | 11,159.16 | 17,442.93 |
| Profit and Loss After Tax (₹ in Million) | 2,303.07 | 4,820.89 | 7,513.11 |
| RoNW (%) | 5.92 | NA | NA |
| Diluted EPS only (₹) | 2.54 | 5.20 | 7.96 |
| NAV per Equity Share (₹) | 42.71 | NA | NA |
| Total Assets (in million) | 67,347.00 | 71,845.45 | 77,337.01 |
| Total Liabilities (in million) | 24,990.30 | 24,857.28 | 23,933.55 |
EbixCash IPO – Industry & Market Potential
The Indian information technology (“IT”) industry has been growing at 5-7% CAGR and has already reached USD190-195 billion in the Financial Year 2021. The software products industry in India is expected to grow at 20-25% CAGR between the Financial Years 2020-2025; increased demand from exports to fuel growth.
India is one of the world’s largest and fastest growing economies, with a large middle class population, increasing disposable income and a rapidly growing online consumer segment.Consistent improvements in literacy levels, increasing access to education, increases in the availability of basic necessities have led to an increase in opportunities for financial service providers. Many of these trends are already underway, such as increases in smartphone ownership, usage of the internet and usage of social media.
EbixCash IPO – Type of Offer
EbixCash’s IPO consists of fresh issue worth INR 6,000 crores.The main objective of IPO is to fund the working capital requirement of their subsidiaries and to purchase compulsory convertible debentures issued by their subsidiaries.
EbixCash IPO Offer Size
EbixCash’s initial public offering (IPO) comprises a new share offering valued at INR 6,000 crores. The primary purpose of the IPO is to secure funds for the operational needs of their affiliated companies and for the acquisition of mandatory convertible debentures that have been issued by those affiliated companies.
EbixCash IPO Allotment Structure
The IPO allotment structure for EbixCash is planned as follows:
- Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
- Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs. 2 lahks.
- Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs. 2 lahks.
The company has reserved a portion of the issue for the eligible employees of the company. The details of the same are not yet disclosed by the company.
How to apply for a EbixCash IPO through Alice Blue?
To apply for the EbixCash IPO through Alice Blue, you would typically follow these steps:
- Click the link to log in to the IPO console.
- Select the IPO you wish to apply for from the list of open issues.
- Once you have selected your preferred IPO, you can view all the details such as the issue open date, closing date, issue size, price, market lots, etc.
- Enter the UPI ID linked to your personal bank account. The application may be subject to rejection if the applicant’s identity differs from the individual linked to the bank account used for the application.
- When placing bids, only quantities that are multiples of the lot size are allowed. If you want to apply at the cut-off price, simply click the text box next to the ‘cut-off’ price. If you wish to place a bid at a different price, enter the desired price in the ‘Price’ field.
- After completing all the steps, read the declaration and click ‘Submit’.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How to Check EbixCash IPO Allotment Status on Alice Blue?
To verify the IPO allotment status for your PAN number: Once your allotment is confirmed, you will receive a confirmation email from the respective RTA. Simultaneously, you will also receive an email confirmation from Alice Blue if you applied for the IPO through the Alice Blue portal.
To determine the status of the allocated IPO, use the the link provided.
If you face any issues, it’s recommended to contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the India EbixCash IPO:
- Registrar’s Website: Visit the website of Link Intime India Private Limited, the registrar of the India EbixCash IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
- NSE and BSE: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after the allotment process has been completed, a few days after the IPO window closes.
EbixCash IPO Offer Registrar
The registrar for the EbixCash IPO is Link Intime India Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: [email protected]
Website: www.linkintime.co.in
EbixCash IPO FAQs
The allotment date of the EbixCash IPO is not yet disclosed by the company.
The details of the price band is not yet disclosed by the company.
Ebixcash is coming up with an IPO consisting of fresh issue of INR 6,000 crores. The main objective of IPO is to fund the working capital requirement of their subsidiaries and to purchase compulsory convertible debentures issued by their subsidiaries.
The listing date of the EbixCash IPO is not yet announced.
