Ebixcash files draft papers for ₹6,000-cr IPO with Sebi, may explore pre-IPO placement of up to ₹1,200 crore

Ebixcash has filed draft papers with Securities and Exchange Board of India (Sebi) for ₹6,000 crore IPO. The initial public offering (IPO) comprises of fresh equity issue aggregating up to ₹6,000 crore. Further, the issue includes a reservation of part equity shares for subscription by eligible employees. The employee reservation portion will not exceed 5% of post-issue paid-up equity share capital. Also, the company may explore a pre-IPO placement of up to ₹1,200 crore. If such a placement is completed, the issue size will be reduced.