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Issue size

Upto Rs. 6000 crores

Issue Period

To be announced

Price band

To be announced

Market lot / Multiples

To be announced

Ebixcash Ltd IPO Overview

- 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)

 

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Strengths & Risks associated

Top 0 Strengths

  • 1

    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)

     

  • 2

    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)

  • 3

    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)

Top 0 risks

  • 1

    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)

  • 2

    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

Total Income

Revenue from Operations

Total borrowings

Profit for the Period

Basic Earning per Share (EPS) - continued operations

Industry Trends

Subscription Status

Retail Individual Investor
Non-Institutional Investor
Qualified Institutional Buyers
Overall

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FAQs

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.