Ebixcash India is coming up with IPO - Should I invest?

Should I invest in the Ebixcash IPO? Before deciding, it is important to understand the company and its business model in Ebixcash IPO Review to get a clear idea to make an investment decision.
https://mind2markets.com/ebixcash-ipo-details-price-date-review/

Ebixcash IPO Business Description

Ebixcash is India's largest end-to-end financial exchange, which includes a last-mile network of over 650,000 physical distribution outlets besides an Omni-channel online digital platform. The company provides digital products and services in the B2C, B2B, and financial technology arena through an integrated business model.

Ebixcash offers products in India and over 75 international jurisdictions under two categories such as (i) front-end focused domestic and international money remittance, foreign exchange ("Forex"), pre-paid gift cards, utility payments, Aadhaar Enabled Payment Services ("AEPS") services, PoS services, ticketing services; and (ii) back-end focused SaaS and self-hosted solutions for the financial sector including lending and wealth management operations.

• The company operates its business under four segments
o Payment solutions
o Travel
o Financial technologies
o Business processing outsourcing ("BPO") services and start-up initiatives.
• Over 10,431 employees across different sectors with 196 offices across the Asia Pacific region.
• It has distribution outlets spread over 4,000 cities and 75,000 villages.
• The company has over 650k retail outlets in India for payment solutions.
• Its services cover 75000 Villages in 4k cities in India.
Ebixcash Subsidiaries

The Company has 25 subsidiaries, of which 10 are our direct subsidiaries and 15 are indirect subsidiaries. The direct subsidiaries of the company are Ebix Travels Private Limited, Ebix Technologies Private Limited, Ebix Vayam Technologies Private Limited, EbixCash Mobility Software India Limited, EbixCash Global Services Private Limited, Ebix Payment Services Private Limited, Ebix Capital Exchange Private Limited, Ebix Money Express Private Limited, Ebix Paytech Private Limited, and EbixCity Private Limited

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Ebixcash Leadership team

Ebix Singapore Pte. Ltd. and Ebix, Inc. are the promoters of the EbixCash company. Ebix Singapore Pte. Ltd. holds an aggregate of 939,751,460 Equity Shares comprising 100.00% of the paid-up equity share capital in the company. The board of directors of Ebix Singapore comprises Robin Raina and Yip Cheng Choon.
Mr. Robin Raina is the Chairman of the Board of EbixCash. Guruprasad T C (KMP) is the Director at EbixCash and Managing Director - EbixCash Payment Solutions Division.

Ebixcash Competitor Analysis

There are no listed entities in India whose business portfolio is comparable with that exactly matches EbixCash's business. However, the close competitors of the company in one or more of its business segments are PayTM in the listed arena while PhonePe and MobiKwik are in unlisted companies.

Ebixcash Revenue and Profit

The company has a track record of growth in revenue and profits. Between Financial Years 2021 and Financial Years 2023, the revenue from operations grew from ₹ 11,869.69 million to ₹ 26,166.65 million. The profit after tax grew from ₹ 2,431.73 million to ₹ 7,513.87. The EPS also grew from ₹ 2.54 in the Financial Year 2021 to ₹ 7.96 in the Financial Year 2023. The company has diversified customer base signifies its non-dependence on any single customer and thereby hedges its business operations from potential customer-specific risk.

Objective Behind the Ebixcash share price IPO

• EBIXCASH IPO will raise the gross proceeds of Rs 60,000 million from the Fresh Issue
• The company is planning to invest Rs10,350.26 million to fund the working capital requirements of its Subsidiaries, Ebix Travels Private Limited and EbixCash World Money Limited.
• Ebixcash will invest Rs 27,475.67 million for the purchase of outstanding compulsorily convertible debentures from Ebix Asia Holdings Inc, Mauritius.
• The rest amount will be used to fund its plan for strategic acquisitions and investments and general corporate purposes

Ebixcash share price IPO review: Do you invest?

• EBIXCASH has Experienced Promoters and a senior management team.
• The company has a Robust financial performance over the last five years.
• Scalable and Asset Light Business Model supported by the expansion plan.
• The company is raising funds through IPO to strengthen its subsidiaries, which will further boost its revenue.
• Strong brand name with a presence across the globe and there is no major direct competitor in India.
• The company is also planning to expand its operation through selective acquisitions, and joint ventures.
• Indian economy is expected to be over US$ 5 trillion by 2030.
• There are good opportunities for the company to play a strong role in Indian economic growth over the next decade.
• It is wise to keep an eye on this company once it is listed on the exchanges.

Mind2markets.com,
Magarapatta City, Pune, Maharashtra, India
Presscontact: getintouch@mind2markets.com

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This release was published on openPR.