What does Ixigo do?
Ixigo is a tech company that helps Indian travelers plan and book their trips for trains, flights, buses, and hotels. They use technology like artificial intelligence and machine learning to help travelers make better decisions.
What’s the travel industry like for Ixigo?
The total Indian travel market, including air, rail, road, and hotel bookings, is worth about Rs 3.8 trillion. It’s expected to grow by about 9% each year and reach Rs 5.8 trillion by 2028.
How big is Ixigo’s IPO?
Ixigo plans to raise about Rs 740 crore through its IPO. This includes selling new shares worth Rs 120 crore and existing shareholders selling some of their shares.
What’s the price range for Ixigo’s IPO?
The price range for one share in Ixigo’s IPO is between Rs 88 and Rs 93. Investors can buy shares in lots of 161 and then multiples of that.
Who can invest in Ixigo’s IPO?
About 75% of the shares are reserved for big institutional investors, while 15% are for smaller non-institutional investors, and the remaining 10% are for regular retail investors.
How’s Ixigo’s financial performance?
For the nine months up to December 2023, Ixigo’s revenue from operations increased by 31% compared to the previous year, reaching Rs 497 crore. Their net profit also went up significantly to Rs 65.7 crore.
What will Ixigo do with the money raised?
The money from the IPO will be used for things like working capital, investing in technology, and possibly acquiring other companies.
What’s the current market price for Ixigo shares?
As of now, the market price for Ixigo shares in the unlisted market is Rs 0, according to market analysts.
Who’s managing Ixigo’s IPO?
Axis Capital, DAM Capital, and JM Financial are the main managers for Ixigo’s IPO. Link Intime India is handling the paperwork.
When will Ixigo shares be allotted and listed?
The shares for Ixigo’s IPO will likely be allotted on June 13, and the company is expected to start trading on the stock exchanges on June 18.
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