SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

EbixCash gets SEBI's nod to raise Rs 6000 crore via IPO

25 Apr 2023 Evaluate

EbixCash has received the Securities and Exchange Board of India’s (SEBI) approval to raise Rs 6000 crore through an initial public offering (IPO). The company, which filed the draft red herring prospectus with the SEBI in March 2022, got the regulator’s approval on April 10, 2023.

Proceeds of the IPO will be used for funding the working capital requirements of the company’s subsidiaries - Ebix Travels and EbixCash World Money. In addition, the funds would be utilised to acquire Ebix Mauritius’ outstanding compulsorily convertible debentures, for funding strategic acquisitions and investments, and to support general corporate purposes. Motilal Oswal Investment Advisors, Equirus Capital, ICICI Securities, SBI Capital Markets and Yes Securities are the book running lead managers for the issue.

Ebixcash is a technology-enabled provider of digital products and services in the B2C, B2B, and financial technology arena, through an integrated business model. The company business encompasses four primary segments - payment solutions, travel, financial technologies, and BPO services and startup initiatives.

Peers
Company Name CMP
TCS 2198.85
Infosys 1143.30
HCL Tech. 1159.35
Wipro 182.70
Tech Mahindra 1446.10
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: