IPO News: Ixigo’s Rs 740 Cr Launch & 4 Listings Coming Next Week

India has seen a lot of companies going public in the last couple of years, making it the second largest IPO market globally. Now that the elections are over, experts think the trend of IPOs will continue to grow.

According to Mahavir Lunawat, Managing Director of Pantomath Capital, there’s a lot of money waiting to be invested in the stock market. Good companies, both new and old, are expected to attract a lot of investment.


Next week, there’s only one IPO scheduled, which is from Le Travenues Technology, the company behind the travel platform Ixigo. Additionally, four companies are expected to start trading on the stock market, including Kronox Labs.

Kronox Labs’ IPO got a lot of attention from investors, with subscriptions being over 100 times the available shares. It’s set to start trading on June 10. Three other smaller companies that recently went public will also start trading on the smaller stock market platforms.

Ixigo’s IPO:

Le Travenues Technology, which owns Ixigo, will start selling its shares to the public on June 10, and the sale will end on June 12.

Before the public offering, the company raised about Rs 333 crore from anchor investors. Some big investors who bought shares include Nomura, Morgan Stanley, and HDFC Mutual Fund.

Ixigo also sold some of its shares to investors before the IPO, raising about Rs 176.2 crore.

In the IPO, the company will sell new shares worth Rs 120 crore, and existing shareholders will also sell some of their shares. The price for one share is set between Rs 88 and Rs 93, and investors can buy shares in lots of 161 and multiples of that.

Most of the shares, about 75%, are reserved for big institutional investors. Smaller investors can buy 15% of the shares, and the remaining 10% are for regular retail investors.

The money raised from selling shares will be used to run the business, invest in technology, and possibly buy other companies. Ixigo helps people plan and book their trips by using technology like artificial intelligence and machine learning.

Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.​​

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