EbixCash Ltd. IPO Details
EbixCash was originally incorporated as “Ebix Software India Private Limited” on April 26, 2002. The company is technology-enabled provider of digital products and services in the B2C, B2B, and financial technology arenas through an integrated business model. The business is categorized into four segments, i) payment solutions, (ii) travel, (iii) financial technologies, and (iv) business processing outsourcing services and start-up initiatives.
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹60,000.0 M | DRHP DOC |
EbixCash Ltd. issue details
EbixCash Ltd. IPO issue size is ₹ 60,000.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
EbixCash Ltd. IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
EbixCash Ltd. NUMBER OF SHARES ON OFFER
EbixCash Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) | Margins |
| H1FY22 | 1,911.0 | 26,534.2 | 1,378.2 | 1,016.9 | 12.8% |
| H1FY21 | -190.9 | 11,408.3 | 1,431.4 | -496.0 | - |
| FY21 | 2,300.5 | 41,525.3 | 1,834.0 | -320.8 | 11.9% |
| FY20 | 2,433.4 | 21,700.2 | 923.4 | -279.6 | 21.8% |
| FY19 | 4,595.3 | 18,883.3 | 1,255.8 | -16,707.7 | 29.9% |
EbixCash Ltd. INFORMATION ON IPO ISSUE
About EbixCash Ltd.
EbixCash was originally incorporated as “Ebix Software India Private Limited” on April 26, 2002. The company is technology-enabled provider of digital products and services in the B2C, B2B, and financial technology arenas through an integrated business model. The business is categorized into four segments, i) payment solutions, (ii) travel, (iii) financial technologies, and (iv) business processing outsourcing services and start-up initiatives.
Object of the Issue
- Funding the working capital requirements of subsidiaries, Ebix Travels and EbixCash World Money
- Purchase of outstanding compulsorily convertible debentures from Ebix Asia Holdings Inc, Mauritius which were issued by certain of the subsidiaries and payment of interest on such outstanding compulsorily convertible debentures
- Funding strategic acquisitions and investments and general corporate purposes
EbixCash Ltd. Strengths
Integrated business model
Integrated business model offering a one-stop shop for B2B, B2C, and B2B2C. Strong financial performance with a track record of consistent profitability despite COVID-19-related challenges
Operating in regulated industries
Operating in regulated industries with a large network, resulting in a high barrier to entry
Multiple cross-selling opportunities
Multiple cross-selling opportunities, synergies, network effect, and wide reach for customer acquisition
Proprietary technology offering
Proprietary technology offering that is flexible and customizable for wide application across a variety of customer requirements
EbixCash Ltd. Risks
Cybersecurity threats
Cybersecurity threats continue to increase in frequency and sophistication. A successful cybersecurity attack could interrupt or disrupt the company's information technology systems or cause the loss of confidential or protected data
Dependent on online agents
The company significantly depends on agents, franchisees, and commercial relationships with affiliates, and employees for its product and service distribution network.
Highly competitive market
Highly competitive market
Delayed investments
The deployment of the portion of the Net Proceeds towards funding strategic acquisitions and investments may not take place within the period currently intended and may be reduced or extended
IPO FAQs
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.