Ixigo, an online travel booking platform, is gearing up to launch its Initial Public Offering (IPO) next week.
Here are 10 key points to consider before deciding whether to subscribe to the issue:
- IPO Dates: The IPO will open for bidding on June 10 and close on June 12.
- Price Range: The price band for the IPO is set between ₹88 to ₹93 per share.
- Size of the IPO: The Gurugram-based company’s IPO includes a fresh issue of equity shares worth ₹120 crore and an Offer For Sale (OFS) of 6.66 crore equity shares valued at ₹620 crore by existing shareholders.
- Lot Size: Investors can bid for a minimum of 161 shares and in multiples of that amount. The minimum investment required from retail investors is ₹14,973.
- Promoters: Promoters selling shares through the IPO include SAIF Partners India IV Ltd, Peak XV Partners Investments V, Micromax Informatics Ltd, Placid Holdings, Catalyst Trusteeship Ltd, Madison India Capital HC, Aloke Bajpai, and Rajnish Kumar.
- Allotment Date: The allotment of shares is expected to be finalized on Thursday, June 13, 2024.
- Listing Date: The IPO is anticipated to be listed on both the BSE and NSE, with a tentative listing date set for Tuesday, June 18, 2024.
- Registrar: Link Intime India Private Ltd is the registrar for the issue.
- Book-Running Managers: The book-running lead managers for the IPO are Axis Capital Limited, Dam Capital Advisors Ltd, and JM Financial Limited.
- Grey Market Premium (GMP): The shares of the Ixigo IPO are available at a premium of ₹23 in the grey market premium (GMP), as per investorgain.com.
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