IPO Dates

Important dates with respect to IPO allotment and listing

To be announced

About Company

EBIXCASH IPO contains Rs 60,000 million in primary issues. They have received in-principle approval from BSE and NSE to list the IPO. EBIXCASH is a financial technology service provider to B2B and B2C customers.

EBIXCASH offers services in the travel, financial technology, and business process outsourcing sectors. They offer a variety of products and services in India and 75 international locations operating in B2B, B2C, and B2B2C segments.

EBIXCASH provides front-end focused domestic and international remittances, FOREX, Aadhaar Enabled Payment Services (AEPS), PoS, ticketing, and back-end focused SaaS self-hosted solutions for the financial sector.

EBIXCASH IPO Objectives: 

Here are a few quick reasons why EBIXCASH is going public.

  • The fund will be used for meeting the working capital requirements of subsidiaries - Ebix Travels Private Limited and EbixCash World Money Limited.
  • The company will use the fund to purchase compulsorily convertible debentures from Ebix Asia Holdings Inc, Mauritius.
  • They will use the money to finance strategic acquisitions, investments, and general corporate purposes.

Why should you invest in the EBIXCASH IPO? 

Below are your top two reasons:

  • India’s ITeS market was estimated at USD37 billion in 2020, with 90% driven by export. The industry is expected to grow by 5-7% CAGR between 2020-2025. 
  • India’s internet penetration will likely reach 75% by 2025, led by 4G, Fiber To The Home (“FTTH”) Services, increasing scopes for internet-enabled services.

EBIXCASH Noteworthy Highlights:

  • According to a CRISIL report, ECASH ranked second in profit after tax of USD 2.3 billion in 2020 and 2021.

EBIXCASH Financials

Particulars FY21 FY20 FY19
Revenue From Operation Rs 41,525.33 million Rs 21,700.22 million Rs 18,883.29 million
EBITDA 5,117.29 4,965.02 6,245.22
Profit After Tax Rs 2.3 billion Rs 2.4 billion Rs 4.7 billion
EPS 939.75 962.98 979.85
ROE 5.92% 7.61% 13.45%

Know before investing

Strengths

3

  1. Has an integrated business model, which is a one-stop-shop for B2B, B2C and B2B2C.

  2. They operate in regulated industries with a large network having high entry barrier.

  3. They have multiple cross-selling opportunities and a wide reach for customer acquisition.

Risks

3

  1. Any failure to generate continuous income from fee and commission-based activities will disrupt their profit potential.

  2. The company is exposed to the typical risks of an internet-enabled company, such as - service disruption, breaches of data etc.

  3. The company’s ability to continuously diversify its product portfolio, or lack thereof, directly impacts profit earnings.

  • How to Apply in IPO
  • How to Check IPO Allotment Status
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Peer Comparison - PAT ( in Rs million)

Competitors FY19 FY20 FY21
One 97 Communications Ltd (PayTM) 17.01 29.42 42.26
One Mobikwik Systems Limited 1.26 1.02 1.08
Unimoni Financial Services Limited 0.09 0.25 0.10
Paul Merchants Limited 0.22 0.26 0.33
Fino Payments Bank* 0.62 0.32 0.20
Wall Street Finance Limited 0.00 0.01 0.05
Thomas Cook (India) Limited 0.89 0.18 2.95
Easy Trip Planners Limited 0.24 0.33 0.61
MakeMyTrip Limited 11.74 31.73 4.16

EBIXCASH IPO FAQs

What is EBIXCASH IPO?

EBIXCASH IPO contains Rs 60,000 million in fresh equities.

When will the EBIXCASH IPO allotment will be available?

Details are not available.

What will be the EBIXCASH IPO lot size?

Details are not available.

When will EBIXCASH IPO open for subscription?

Details are not available.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When is the EBIXCASH IPO listing date?

Details are not available.

Which exchanges will EBIXCASH list on?

EBIXCASH IPO will list on BSE and NSE exchanges.

When will EBIXCASH list on exchanges?

It usually takes ten working days from the last day of the IPO subscription to complete the listing process.

Is it necessary to approve a UPI mandate request immediately?

To complete the IPO bidding process, investors must approve the UPI mandate within T+1 days. It will allow the bank to freeze the amount in your account.

Can I submit more than one application for the public issue of EBIXCASH using one PAN?

No. Only one application is allowed against one PAN card.

Can I alter my bid for EBIXCASH’s IPO after confirming its final application?

You can alter the bid’s price and lot size by changing/revising the bid form available with the application kit. But it could be a challenge to complete the process within the time given.

Who is the owner of EBIXCASH?

Robin Raina, an Indian-born American businessman, is the founder of EBIXCASH.