Business Standard

EbixCash Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

6,000.00 cr

Price Range (₹)

0

Lot Size

-

Min Investment (₹)

-

Listing Exchange

MumbaiNSE

Open Date

-

Close Date

-

Listing Date

-

EbixCash Ltd News

    EbixCash Ltd IPO Details

    Initial public offering of up to [*] equity shares of face value of Re. 1 each (Equity Shares) of Ebixcash Limited (the Company or the Issuer) for cash at a price of Rs. [*] per equity share including a premium of Rs. [*] per equity share (the Issue Price) aggregating up to Rs. 6000.00 crores (the Issue). The issue includes a reservation of up to [*] equity shares, aggregating up to Rs. [*] crores (constituting up to [*]% of the post-issue paid up equity share capital), for subscription by eligible employees (Employee Reservation Portion). The issue less the employee reservation portion is hereinafter referred to as the Net Issue. The company in consultation with the book running lead managers, may offer a discount of up to [*]% (equivalent of Rs. [*] per equity share) to the issue price to eligible employees bidding under the employee reservation portion (Employee Discount). The issue and net issue will constitute [*]% and [*]% of the post- issue paid-up equity share capital of the company. The company, in consultation with the book running lead managers, may consider a further issue of specified securities through a private placement under applicable law to any person(s), aggregating up to Rs. 1200.00 crores, at its discretion, with the (pre-ipo placement). If the pre-ipo placement is completed, the issue size will be reduced to the extent of such pre-ipo placement, subject to the issue complying with rule 19(2)(b) of the securities contracts (regulation) rules, 1957, as amended (scrr). The face value of the equity share is Re. 1 each. The issue price is [*] times the face value of the equity shares. The price band, the employee discount (if any), and the minimum bid lot size will be decided by the company.

    Objective of issue

    Funding the working capital requirements of the subsidiaries, Ebix Travels Pvt Ltd & Ebixcash World Money Ltd. Purchase of outstanding compulsorily convertible debentures from Ebix Mauritius which are issued by certain of the subsidiaries and payment of interest on such outstanding compulsorily converible debentures. Funding strategic acquisitions and onvestments and general corporate purposes.

    EbixCash Ltd Contact Details

    EbixCash Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - investors@ebixcash.com

    Website - www.ebixcash.com