EbixCash IPO: Rs 6k crore! Robin Raina-led firm files DRHP with SEBI - Key things to know about much-awaited offer
In a major and much-awaited financial development, EbixCash Limited, a technology enabled provider of digital products and services with a leadership position in the B2C, B2B and financial technology arena through its integrated business model has filed its draft red herring prospectus (DRHP) with market regulator Sebi to raise Rs 6,000 crore via an initial public offering (IPO). Here are top things to know about the EbixCash's Rs 6000 crore IPO:- 1- IPO, equity shares, face value and more The IPO comprises equity shares of face value of Re 1 each which is a complete fresh issue of shares and the entire proceeds will go to the company. The offer also includes a reservation for subscription by eligible employees. 2 - Rights Issue Additionally, the company, in consultation with the lead bankers to the issue may consider a further issue of equity shares including a rights issue aggregating up to Rs 1200 crore. If such placement is completed, the fresh issue size will be reduced...