Ixigo IPO Details: Ixigo’s Initial Public Offering (IPO) is scheduled to open on June 10 and close on June 12. Le Travenues Technology Ltd, the parent company of Ixigo, aims to raise approximately ₹740.10 crores through this IPO. This includes a fresh issue of ₹120 crores and an offer for sale of up to 66,677,674 equity shares priced at ₹1 each. The IPO allocation includes a 10% quota for retail investors, 75% for Qualified Institutional Buyers (QIB), and 15% for High Net-worth Individuals (HNI).
Le Travenues Technology Ltd, known for its brand Ixigo, is dedicated to empowering Indian travelers in planning, booking, and managing their trips across various modes of transportation such as rail, air, buses, and hotels. Ixigo leverages advanced technologies including artificial intelligence, machine learning, and data science to enhance their Online Travel Agency (OTA) platforms, which include both websites and mobile applications. The company’s mission is to provide the best customer experience by being the most customer-centric travel company. Their focus on cost-efficiency, innovation, and technology-driven solutions is designed to meet the needs of travelers in the ‘next billion user’ market segment.
Ixigo’s platforms enable travelers to book train, flight, and bus tickets, as well as hotels. They offer a range of travel utility tools and services developed using proprietary algorithms and crowd-sourced information. These services include train PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, alternative route or mode planning, flight status updates, automated web check-in, bus running status, pricing and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts for flights, an AI-based travel itinerary planner, and automated customer support services.
Ixigo has made significant inroads into the ‘next billion user’ market, which comprises new internet users from non-Tier I areas in India, including Tier II, III, and rural areas, as well as new users from middle and lower-income groups in Tier I cities. According to a report by Frost & Sullivan, it is projected that within the next five years, 20% of these users will come from Tier I cities, 50% from Tier II and III cities, and 30% from rural India.
Ixigo IPO Objectives:
The company proposes to utilize the Net Proceeds towards funding the following objects:
- Part-funding working capital requirements of the company;
- Investments in cloud infrastructure and technology; and
- Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
Ixigo IPO Review (Apply or Not)
- Apply
Ixigo IPO Date & Price Band Details:
| IPO Open: | June 10, 2024 |
| IPO Close: | June 12, 2024 |
| IPO Size: | Approx ₹740.10 Crores, 79,580,900 Equity Share |
| Fresh Issue: | Approx ₹120 Crores, 12,903,226 Equity Share |
| Offer for Sale: | Approx ₹620.10 Crores, 66,677,674 Equity Share |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹88 to ₹93 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Ixigo IPO Lot Size:
The Ixigo IPO has set a minimum market lot of 161 shares, requiring an application amount of ₹14,973. Retail investors have the option to apply for up to 13 lots, which translates to 2,093 shares or an application amount of ₹194,649.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 161 | ₹14,973 |
| Retail Maximum | 13 | 2093 | ₹194,649 |
| S-HNI Minimum | 14 | 2254 | ₹209,622 |
| B-HNI Minimum | 67 | 10787 | ₹1,003,191 |
Ixigo IPO Timeline:
The Ixigo IPO will open on June 10 and close on June 12. The allotment of shares will be finalized on June 13, and the shares are expected to be listed on the stock exchange on June 18.
| Price Band Announcement: | June 9, 2024 |
| IPO Open Date: | June 10, 2024 |
| IPO Close Date: | June 12, 2024 |
| Basis of Allotment: | June 13, 2024 |
| Refunds: | June 14, 2024 |
| Credit to Demat Account: | June 14, 2024 |
| IPO Listing Date: | June 18, 2024 |
Ixigo IPO GMP Today:
The last Grey Market Premium (GMP) for the Ixigo IPO is ₹28. With a price band of ₹93.00, the estimated listing price is ₹121 (cap price + today’s GMP). This implies an expected gain of approximately 30.11% per share.
Ixigo Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹138.40 | ₹135.70 | ₹7.53 |
| 2022 | ₹384.94 | ₹402.54 | ₹21.09 |
| 2023 | ₹517.57 | ₹484.29 | ₹23.40 |
| Dec 2023 | ₹497.10 | ₹475.48 | ₹65.71 |
Ixigo IPO Valuation – FY2023
Check Ixigo IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹0.58 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 5.74% |
| Net Asset Value (NAV): | ₹11.43 per Equity Share |
Peer Group
- Easy Trip Planners Limited
- Yatra Online Limited
Company Promoters
- The Company is a Professionally Managed Company and Does Not Have an Identifiable Promoter
Ixigo IPO Registrar
Link Intime India Private Ltd
E-mail: ixigo.ipo@linkintime.co.in
Phone:(+91) 81081 14949
Website: https://linkintime.co.in/
Ixigo IPO Allotment Status Check
Check Ixigo IPO allotment status on Linkintime website allotment URL. Click Here
Ixigo IPO Lead Managers aka Merchant Bankers
- DAM Capital Advisors Limited
- Axis Capital Limited
- JM Financial Limited
Company Address
Le Travenues Technology Limited
Second Floor, Veritas Building, Sector -53
Golf Course Road, Gurugram 122 002, Haryana, India
Phone: (+91 124) 668 2111
E-mail: investors@ixigo.com
Website: www.ixigo.com
FAQs for Ixigo IPO:
1. What are the dates for the Ixigo IPO?
- The Ixigo IPO will open on June 10, 2024, and close on June 12, 2024.
2. What is the price band for the Ixigo IPO?
- The price band for the Ixigo IPO is ₹93 per share.
3. What is the Grey Market Premium (GMP) for the Ixigo IPO?
- As of June 10, 2024, the last GMP for the Ixigo IPO is ₹28.
4. What is the estimated listing price for the Ixigo IPO?
- Based on the GMP, the estimated listing price for the Ixigo IPO is ₹121.
5. How much is the expected gain/loss per share?
- The expected gain per share is approximately 30.11%.
6. What is the minimum market lot for the Ixigo IPO?
- The minimum market lot for the Ixigo IPO is 161 shares.
7. What is the minimum application amount for retail investors?
- The minimum application amount for retail investors is ₹14,973.
8. How many lots can retail investors apply for?
- Retail investors can apply for up to 13 lots, which totals 2,093 shares.
9. What is the maximum application amount for retail investors?
- The maximum application amount for retail investors is ₹194,649.
10. When will the allotment of shares be finalized?
- The allotment of shares will be finalized on June 13, 2024.
11. When is the listing date for the Ixigo IPO?
- The shares of the Ixigo IPO are expected to be listed on June 18, 2024.
12. What is the total amount Ixigo aims to raise through the IPO?
- Ixigo aims to raise approximately ₹740.10 crores through the IPO.
13. What is the breakdown of the funds to be raised?
- The IPO comprises a fresh issue of ₹120 crores and an offer for sale of up to 66,677,674 equity shares priced at ₹1 each.
14. What are the quotas for different investor categories?
- The retail investor quota is 10%, the Qualified Institutional Buyers (QIB) quota is 75%, and the High Net-worth Individuals (HNI) quota is 15%.
15. What does Ixigo do?
- Ixigo is a technology company focused on empowering Indian travelers to plan, book, and manage their trips across rail, air, buses, and hotels through their OTA platforms.
16. What technological innovations does Ixigo utilize?
- Ixigo leverages artificial intelligence, machine learning, and data science to provide travel utility tools and services.
17. What markets does Ixigo target?
- Ixigo targets the ‘next billion user’ market, which includes non-Tier I areas in India, Tier II, III, and rural areas, as well as new users from middle and lower-income groups in Tier I cities.
