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EbixCash IPO: Things Smart Investors Need to Know

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EbixCash is a prominent player in India’s fintech space, offering a range of products and services across various sectors. The company operates within three core business segments: financial technologies, payment solutions, and travel and money exchange services. Its strong presence in the market and diversified revenue streams position it as a key competitor in the fintech sector.

Overview of the Company:

EbixCash has built a robust ecosystem by providing digital payment solutions, remittance services, and travel exchanges. With its roots in India and global operations, the company has developed a strong foothold in both domestic and international markets, backed by its parent company, Ebix Inc.

Core Business and Market Position:

EbixCash’s market positioning is strengthened by its diverse service offerings that include financial technology solutions for various institutions, travel exchange platforms, and an integrated digital payments system. This wide range of services has enabled the company to expand its customer base and compete effectively in the growing digital economy.

EbixCash IPO Details and Objectives

IPO Objectives:

  • Fresh Issue Size: Up to ₹6,000 Crore
  • Offer for Sale: Not applicable.
  • Listing: Proposed on BSE and NSE
  • Registrar: Link Intime India Private Limited

Details

Description

Fresh Issue Size

₹6,000 Crore

Use of Proceeds

Funding working capital, repayment of borrowings, and general corporate purposes

IPO Structure

100% book-built

Purpose of the IPO

The primary objective of the IPO is to fund working capital requirements, repay outstanding borrowings, and invest in general corporate activities. These actions aim to strengthen EbixCash’s financial position, enabling the company to expand its market reach and improve operational efficiency.

Key Dates to Remember

  • IPO Opening Date: TBA
  • IPO Closing Date: TBA
  • Basis of Allotment: TBA
  • Initiation of Refunds: TBA
  • Credit of Shares to Demat Accounts: TBA
  • Listing Date: TBA
  • Cut-off Time for UPI Mandate Confirmation: TBA

Pricing and Lot Size of EbixCash IPO

  • Price Band for the IPO: TBA
  • Minimum Lot Size: TBA
  • Minimum Investment for Retail Investors: TBA
  • Minimum Investment for HNIs: TBA
  • Application Details: TBA

How to Apply for the EbixCash IPO?

Online Application Process

  • Step 1: Log in to your Bajaj Broking trading account linked to your Demat account.
  • Step 2: Navigate to the IPO section and select "EbixCash IPO."
  • Step 3: Choose the number of shares and the price within the specified range.
  • Step 4: Complete the UPI mandate or ASBA process to block the required funds.
  • Step 5: Submit your application.

Financial Health and Performance

Key Financial Metrics

  • Assets (2023): ₹7,733.70 crore
  • Revenue (2023): ₹2,371.93 crore
  • Profit After Tax (2023): ₹751.31 crore
  • Net Worth (2023): ₹5,136.53 crore
  • Borrowings (2023): ₹913.23 crore

Recent Performance and Growth Prospects

  • Strong Revenue Growth: The company has seen consistent revenue growth, with an increase of over 127% in the last three financial years, demonstrating a robust upward trend.
  • Improved Profit Margins: EbixCash's profit after tax has more than tripled between FY 2021 and FY 2023, indicating enhanced operational efficiency and profitability.
  • Optimistic Outlook: With reduced borrowings and increasing net worth, the company is well-positioned for future expansion and long-term growth.

Investment Risks and Opportunities

Potential Risks of Investing in the IPO:

  • High competition in the fintech and payments industry.
  • Regulatory changes affecting the financial services sector.

Opportunities and Growth Potential:

  • Expanding digital economy in India.
  • Increasing adoption of digital payment solutions and remittances.

EbixCash IPO Registrar

Registrar

Contact

Link Intime India Private Limited

Shanti Gopalkrishnan, ebixcash.ipo@linkintime.co.in

EbixCash IPO Lead Managers

Lead Manager

Contact

Motilal Oswal Investment Advisors Ltd.

ebixcash.ipo@motilaloswal.com

ICICI Securities Ltd.

ebixcash.ipo@icicisecurities.com

SBI Capital Markets Ltd.

ebixcash.ipo@sbicaps.com

Conclusion

The EbixCash IPO presents an opportunity to invest in a growing fintech company with a diverse range of services. With the proceeds aimed at funding key operations and growth, this IPO could be a significant step for EbixCash in expanding its reach and solidifying its place in the digital payments space.

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Frequently Asked Questions

What is the EbixCash IPO date & Price?

Answer Field

The IPO dates and price band are yet to be announced, with further details expected soon.

What is the EbixCash IPO and why is it significant?

Answer Field

The EbixCash IPO is significant as it allows the company to expand its operations, reduce debt, and capture a larger market share in the fintech sector.

What is the price band for the EbixCash IPO, and how was it determined?

Answer Field

The price band for EbixCash IPO is TBA and it will be decided by the company in consultation with lead managers, based on market demand.

What are the key risks and rewards of investing in the EbixCash Limited IPO?

Answer Field

Key risks include high competition and regulatory changes, while potential rewards lie in the growing fintech industry and expanding customer base.

When will the EbixCash IPO shares be listed?

Answer Field

The listing date for EbixCash IPO is TBA.

What documents should I review before investing in the EbixCash IPO?

Answer Field

Investors should review the Draft Red Herring Prospectus, financial statements, and risk factors.

Will EbixCash IPO pay dividends?

Answer Field

Dividend plans will depend on the company’s future profitability and financial strategy.

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