New Delhi: Nasdaq-listed Ebix Inc`s Indian subsidiary Ebixcash on Thursday filed draft papers with the market regulator Securities and Exchange Board of India (SEBI) to boost Rs 6,000 crore by an preliminary public providing (IPO).
The proposed IPO includes of recent fairness situation aggregating as much as Rs 6,000 crore. The public situation additionally features a reservation of fairness shares for subscription by eligible workers.
According to the draft purple herring prospectus (DRHP) submitted with the SEBI, the worker reservation portion won’t exceed 5 per cent of post-issue paid-up fairness share capital.
The firm intends to boost the funds by recent issuance of fairness shares. There won’t be any offer-for-sale (OFS) part.
Ebixcash is a technology-enabled supplier of digital services within the B2C, B2B and monetary expertise enviornment, by an built-in enterprise mannequin. Also Read: Apple iPhone SE 2022 goes on pre-order tomorrow: Check specs, worth, options
The firm enterprise encompasses 4 main segments — cost options, journey, monetary applied sciences and BPO providers and startup initiatives. Also Read: Gold Price Today, March 10: Gold worth tumbles to Rs 992; proper time to take a position?