EbixCash IPO Date, Price, Review
EbixCash IPO: Know everything about EbixCash IPO. EbixCash Limited IPO Date, EbixCash IPO Review and analysis. We will discus about EbixCash IPO Benefits & Risks. Also, all information related to EbixCash IPO like price band, all important dates, issue size, Brockrage Review, and retail quota etc.
EbixCash IPO
EbixCash Limited (formerly known as ItzCash Card Limited) is an Indian financial technology company that provides digital payment solutions and services. EbixCash Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs - crore through IPO (Initial public offering).
EbixCash IPO will open on - August 2023 and close on - August 2023. The price band of the EbixCash IPO is ₹- to ₹-. EbixCash IPO size is - Crores. The offer includes - Crores under fresh issue and - Crores under offer for sale. EbixCash IPO QIB quota is 50%, NII quota is 15% and RII quota is 35%. EbixCash IPO listing date is - August 2023. You can learn about EbixCash IPO GMP (Grey Market Premium) below.
The EbixCash has given good financial performance. The company made a profit of ₹- crores in the financial year 2023 (March 2023). The IPO of EbixCash will be listed on NSE and BSE. EbixCash IPO face value is ₹10 per equity share.
We will talk about EbixCash' financials, benefits, and risks of investing in the company.
About EbixCash Limited
EbixCash Limited offers a variety of digital payment solutions including prepaid cards, digital wallets, money transfer services, and bill payment services. These offerings are aimed at simplifying financial transactions for consumers and businesses.
The company provides prepaid cards that can be used for online and offline transactions, and digital wallets that enable users to store funds and make payments digitally.
EbixCash facilitates utility bill payments, mobile recharges, and other financial transactions. The company's services are designed to offer convenience to users by allowing them to manage their finances from a single platform.
One of EbixCash's goals is to promote financial inclusion in India by providing access to digital financial services for people who may not have easy access to traditional banking services.
The company also offers services to merchants, enabling them to accept digital payments from customers and enhance their business operations.
EbixCash has formed strategic partnerships with various organizations to expand its service offerings and reach. This includes collaborations with banks, e-commerce platforms, and other businesses in the financial and technology sectors.
Purpose of the offer
- To prepay/repay all or a part of the dues raised by the company.
- To finance capital expenditure requirements.
- To meet general corporate objectives.
EbixCash IPO Date and Price Band Details
| IPO Open: | August 2023 |
| IPO Close: | August 2023 |
| Listing Date: | August 2023 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹- crores |
| Fresh Issue: | Approx ₹- crores |
| Offer For Sale: | Approx ₹- crores |
| Price Band: | ₹- to ₹- per share |
| Face Value: | ₹10 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
EbixCash IPO Lot Size Details
| Minimum Lot: | 01 |
| Minimum Lot Size: | [.] Shares |
| Minimum Amount: | ₹- |
| Maximum Lot: | 13 |
| Maximum Lot Size: | [.] Shares |
| Maximum Amount: | ₹- |
EbixCash IPO Open, Close, Allotment, and Listing Date
| Ipo Opening Date: | August 2023 |
| IPO Closing Date: | August 2023 |
| Basis of Allotment: | August 2023 |
| Refund Date: | August 2023 |
| Credit to Demat Account: | August 2023 |
| Listing Date: | August 2023 |
EbixCash IPO Review
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You can also check the latest IPO subscription status and IPO allotment status of EbixCash IPO on our website.
EbixCash Ipo Rating
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- The fintech sector, including digital payments and financial services, has been experiencing significant growth due to the increasing adoption of digital solutions. EbixCash, as a player in this sector, can benefit from this growth trend.
- India is moving towards a cashless economy, and digital payments are gaining traction. EbixCash's digital payment solutions and services may align well with this shift, potentially resulting in increased user adoption.
- If EbixCash offers a diverse range of digital financial services, it can cater to a broad customer base, enhancing its revenue streams and reducing dependency on a single service.
- If the company has established partnerships with banks, businesses, and other fintech players, it can leverage these collaborations to expand its reach and service offerings.
- If EbixCash has gained brand recognition in the digital payments and fintech sector, it could have a competitive advantage over new entrants.
Risks
- Fintech companies operate in a highly regulated environment. Changes in regulations or compliance issues can impact their operations and revenue streams.
- The fintech industry is becoming increasingly competitive, with numerous players offering similar services. EbixCash may face competition from established players and emerging startups.
- The rapid pace of technological advancements can quickly make existing solutions outdated. EbixCash needs to stay updated and adapt to technological changes to remain relevant.
- Given the nature of financial transactions involved, cybersecurity is a critical concern for fintech companies. Any data breaches or cybersecurity incidents can significantly damage the company's reputation and trust among users.
- Economic conditions can influence consumer spending behavior. Economic downturns or uncertainties can affect the demand for fintech services.
EbixCash Ltd Financials
EbixCash Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2020 | ₹- | ₹- | ₹- |
| 2021 | ₹6734.70 | ₹1043.70 | ₹230.31 |
| 2022 | ₹7184.55 | ₹1622.95 | ₹482.09 |
| 2023 | ₹7733.70 | ₹2371.93 | ₹751.31 |
Promoters
- Ebix Singapore Pte. Ltd
- Ebix, Inc.
Contact Details of EbixCash
101, First Floor, 4832/24, Ansari Road,
Darya Ganj, New Delhi – 110 002
Delhi, India
Telephone: +91 120-4688400
E-mail: investors@ebixcash.com
Website:www.ebixcash.com
EbixCash Lead Managers
- Motilal Oswal Investment Advisors Limited
- Equirus Capital Private Limited
- ICICI Securities Limited
- SBI Capital Markets Limited
- YES Securities (India) Limited
EbixCash IPO Registrars
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083, Maharashtra
Telephone: +91 22 4918 6200
Email: bixcash.ipo@linkintime.co.in
Website:www.linkintime.co.in
Conclusion
There are some good and some bad things in the company. Looking at the financial position of the company, the track record has been great. In the financial year 2023, the company had a profit of Rs 751.31 crore. The company operates in many different sectors. Our suggestion will be updated when the EbixCash Limited IPO starts. EbixCash Limited IPO financial details and other information are given above.
EbixCash IPO FAQs
Also Read
How to Apply the Aeroflex Industries Ltd IPO with Zerodha?
- Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
- If you are a Desktop user then Log in to the Console on Zerodha Website. Go to Portfolio and Click on IPO.
- You will see the IPO name "Aeroflex Industries Ltd".
- Then, Click on Bid Button.
- Then, Enter your UPI ID.
- Then, Fill in the Quantity and Price. (we recommend, that you should choose the cutoff price.)
- Then Submit the IPO Application Form.
- Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
We hope you like this article about EbixCash IPO. If you have a query about EbixCash IPO then, leave a comment. Here you can also stay updated about the upcoming IPO. Also, you can track IPO performance. Thanks for Visiting. Happy Investing.
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