Investcorp India Acquisition Corp.
General Information | |
Business: | We, Investcorp India Acquisition Corp., are a newly formed blank check company incorporated on Feb.19, 2021, under the name Investcorp-SPH Acquisition Corp. as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. On Feb. 23, 2021, we changed our name to Investcorp Acquisition Corp., and on Jan.11, 2022, we further changed our name to Investcorp India Acquisition Corp. (Incorporated in the Cayman Islands) We intend to focus our efforts on completing a business combination with a high-quality business with operations in any of the healthcare, software, consumer services, IT services, business-to-business or fintech sectors in primarily India, with an enterprise value in excess of $1 billion. We believe that the sectors and market on which we are focused are target-rich and are likely to continue to see growth being driven by an emergent young and middle-class population, technological innovation, increasing consumption and private sector expansion. Also, with the rapid increase in technology companies in India and the relative lack of access to public markets through more traditional routes, an increasing number of these companies are likely to opt for the U.S. SPAC route given the mature, technology-focused investor base offered by the U.S. public markets. Our management team has extensive experience in both private and public equity markets and is well-positioned to deliver attractive risk-adjusted returns to our shareholders via a business combination. (Note: Investcorp India Acquisition Corp. priced its SPAC IPO on May 9, 2022, in line with the slimmed-down terms in its updated prospectus: 22.5 million units at $10 each to raise $225 million. The pricing brings the number of SPAC IPOs priced so far in 2022 to 64. On April 29, 2022, Investcorp India Acquisition Corp. updated its SPAC IPO prospectus in an S-1/A filing by switching to Credit Suisse as the sole book-runner – a change from Citigroup and Jefferies as the joint book-runners in previous SEC filings. In late March 2022: Investcorp India Acquistion Corp. trimmed the size of its SPAC IPO to 22.5 million units, down from 25 million units initially, at $10 each in an S-1/A filing dated March 23, 2022.) |
Industry: | BLANK CHECK |
Employees: | 0 |
Founded: | 2021 |
Contact Information | |
Address | Century Yard, Cricket Square Elgin Avenue PO Box 1111 George Town Grand Cayman, Cayman Islands KY1-1102 |
Phone Number | +1 (345) 949-5122 |
Web Address | |
View Prospectus: | Investcorp India Acquisition Corp. |
Financial Information | |
Market Cap | $312.5mil |
Revenues | $0 mil (last 12 months) |
Net Income | $0 mil (last 12 months) |
IPO Profile | |
Symbol | IVCAU |
Exchange | NASDAQ |
Shares (millions): | 22.5 |
Price range | $10.00 - $10.00 |
Est. $ Volume | $225.0 mil |
Manager / Joint Managers | Credit Suisse |
CO-Managers | - |
Expected To Trade: | 5/10/2022 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |