loader2
Partner With Us NRI

Ebixcash Ltd IPO

Price Range (₹)

To be announced

Issue Size (₹ in Cr.)

Upto Rs. 6000 crores

Minimum Quantity

To be announced

Bidding Period

To be announced

Open An Account

Open an online Trading Account with ICICIDIRECT

About the Company

- A technology enabled provider of digital products and services in the B2C, B2B and financial technology arena, through an integrated business model. There are four primary business segments, (i) payment solutions, (ii) travel, (iii) financial technologies and (iv) BPO services and start-up initiatives
-  Utilize a “Phygital” that combines over 650,000 physical agent distribution outlets for payment solutions, remittance, travel and insurance products throughout India and Southeast Asia as of December 31, 2021, with a digital omni-channel online platform for all offerings  (Source: Company DRHP)

 

Read More

Strengths

Integrated business model offering one-stop-shop for B2B, B2C and B2B2C
With the necessary licenses to operate, the company's focus is on the convergence of financial exchange channels, processes and entities and are a comprehensive platform for financial, business, travel and payment use cases (Source: Company DRHP)

 

Operating in regulated industries with a large network, resulting in a high barrier to entry
Operate in regulated industries, such as payment solutions, forex, remittance, bill payments, insurance and travel, and as such are required to obtain and maintain certain licenses. As of December 31, 2021, the company has licences to operate in payment solutions, forex, remittance, and bill payments. (Source: Company DRHP)

Proprietary technology offering that is flexible and customizable for wide application across a variety of customer requirements
Have adopted SaaS and over the cloud on demand services as a core part of the business model and technology path. Also offer open architecture tools to allow clients’ platforms to be integrated with various outside services, for which the customization is carried out by in-house developers.(Source: Company DRHP)

Risks

Predominantly undertake fee and commission-based activities, and the company's financial performance may be adversely affected by an inability to generate income from such activities
Fees and commissions charged from customers can depend upon a number of factors that are, in part, within control, which can include overall business strategy, expenses related to a particular transaction type, the volume of transactions for a product or service etc (Source: Company DRHP)

Cybersecurity threats continue to increase in frequency and sophistication
A successful cybersecurity attack could interrupt or disrupt the information technology systems or cause the loss of confidential or protected data, which could disrupt business, force the company to incur excessive costs or cause reputational harm (Source: Company DRHP)

 

Financials

  • Total Income
  • Revenue from Operations
  • Total borrowings
  • Profit for the Period
  • Basic Earning per Share (EPS) - continued operations

Industry Trends

- 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: The software products industry grew from an estimated USD1.4-1.5 billion in the Financial Year 2008 to USD8.5-9.5 billion in the Financial Year 2020, at an estimated annual growth rate 16-18% (Source: Company DRHP)

- Review and Outlook of ITeS Industry in India : The Indian IT enabled services (“ITeS”) market was estimated at USD37 billion in the Financial Year 2020, with approximately 90% driven by exports while the remaining 10% was driven by the domestic market. The Indian ITeS market is estimated to have declined marginally by 1-3% in the Financial Year 2021 over the previous year. Over the medium term, the ITeS industry is estimated to grow at a 5-7% CAGR between the Financial Years 2020 to 2025. (Source: Company DRHP)

Subscription Status

Retail Individual Investor
Non-Institutional Investor
Qualified Institutional Buyers
Overall

Why invest in IPO through ICICIdirect

Paperless

Applications

Hassle-free

refunds

Convenient investments

within a few clicks

Multiple modes

of application

Follow 3 simple steps TO APPLY IPO

  • Directly from Bank A/c

    For ICICI Bank linked A/c

  • Using UPI

    For non ICICI Bank A/c

  • lock-in of 3 years

    Select IPO

    Go to the IPO section, select the IPO you want to apply from the list and click on ‘Apply’.

  • lock-in of 3 years

    Fill in the required details

    Fill in the quantity of the number of shares you want to buy. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.

  • lock-in of 3 years

    Confirm your request

    Click on proceed to confirm the order. You can view the placed order under “order book”.

  • lock-in of 3 years

    Select IPO

    Choose the IPO you want to apply from the list. Click on Apply.

  • lock-in of 3 years

    Fill in the required details

    Fill in the quantity of shares. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.

  • lock-in of 3 years

    Confirm your request

    Check the A/C, UPI details and click on proceed. You will get an UPI link by which payment can be made.

Features & Benefits ICICIdirect

Trusted by

75 lakh+

customers

45+

Investments & Liability Products

One Click

Investment Basket

Access to

Award-winnin

FAQs

What is an IPO?

An Initial Public Offering (IPO) is when a company issues common stock or shares to the public for the first time. It is the process where a privately held company becomes a publicly traded company with the initial sale of its stock. An IPO is a tool that companies use to secure capital through investments for future use. In most instances, this investment is used to expand or improve the business.

A price band is a price floor and a cap between which a seller will let buyers place bids on a security, usually during an initial public offering (IPO).

Minimum Order Quantity, as name says, is the minimum number of shares investors can apply while bidding in an IPO. If investors want to bid for more shares, they can apply in multiples of IPO market lot (lot Size or IPO bid lot) of shares.

If an investor wants to place bids for less than Rs.2 lacs, he needs to apply in the Retail segment. If an investor wants to bid for more than Rs.2 lacs, he needs to apply in the HNI segment.

Cut-off price is the offer price, finalized by a company in consultation with the book running lead managers (BRLMs), which could be any price within the price band. Applying on Cut-off price means the investor is ready to pay whatever price is decided by the company at the end of the book-building process.

When applying at a cut-off price, an investor has to pay the highest price while placing the bid. If a company decides the final price lower than the highest price asked for IPO, the remaining amount is returned to the retail investor.

An investor can apply in all Mainboard IPOs through ICICIdirect. However, if the investor wants to apply in SME IPOs, he/she can do it through the net banking portal of ICICI Bank.

ASBA stands for "Applications Supported by Blocked Accounts". At the time of bidding, investors’ account is blocked to the extent of the bid amount and debited only at the time of allotment. This facility is being offered by ICICIDirect in affiliation with ICICI Bank Limited.

In other payment options, the bid amount is debited when investors’ bid application is placed with the stock exchanges. Under the ASBA process, the amount will be debited from investors’ bank account to the extent of successful allotment at the time of allotment. Until such allotment, the amount will remain blocked in investors’ bank account.

Application under this facility can be placed only for Book Built Public Issues.

An investor can place maximum of 3 bids in an issue.

The investor with Demat account in ICICIdirect can apply in an IPO by logging in to his ICICIdirect Account. The investor needs to select IPO and then the name of the IPO in which he would like to apply. Given below is the path:

Login to ICICIdirect account >> IPO >> Name of IPO

Investor can apply in the retail section of an IPO through iDirect Portal even if he has a 2-in-1 account (Demat, Trading Accounts) with us and Bank account with third party.

Yes, the investor can revise or withdraw the bids after application. It can be done only once the order is executed. The investor needs to go to the IPO Order Book and select the Transaction Id and then click on Withdraw Application/ Revise Bid. The application in the non- institutional category cannot be withdrawn but can only be revised.

However, this needs to be done during the issue itself and cannot be done after the issue is closed. In case of ASBA applications, for upward revision of bid, additional lien will be marked to the extent of incremental amount. However, in case of downward revision, differential money blocked earlier will not be released. Such amount, if any, will be released after allotment

No, one person cannot apply multiple times with same Demat/PAN for an IPO. If an investor applies in an IPO though multiple applications with same Demat account or same PAN Number, his applications will be rejected.

If an investor would like to place order for multiple applications, he/she can apply with his/her family member's name. But, all eligible family members should have a Demat account and a PAN number.

In cases where issue is over-subscribed, bidding for more than 1 lot from the same account doesn’t help as maximum of only 1 lot can be provided against each application. However, if the investor applies for 1 lot from different accounts, the probability of allocation of shares increases.

Download Our App

Download App
market app
 

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.