The Ixigo Medtech Date Will Be Updated Soon. Read the post to learn about Ixigo IPO GMP.
Ixigo submitted its primary paperwork to SEBI( the request controller) on August 12, 2021, to raiseRs. 1,600 crores through a public immolation. The immolation would correspond ofRs. 850 crore as an OFS( offer for trade) andRs. 750 crore as a new issue of equity shares, according to the DRHP.
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Key Details Of Ixigo IPO:
Bidding Dates
Coming Soon
Price Range
₹0 per share
Face Value
₹0 per share
GMP
₹0
Ixigo Medtech GMP
The Ixigo Medtech IPO GMP Today is ₹[].
Ixigo IPO Overview
On 12 August 2021, ixigo filed its primary papers with SEBI( request controller) to costRs. 1,600 crores through a public offer. As per the DRHP, the immolation will compriseRs. 850 crores as an OFS( offer for trade) andRs. 750 crores as a fresh issue of equity shares. In this public immolation, Micromax Informatics will discharge shares worthRs. 200 crores, and Saif mates India IV has planned to vend shares amounting toRs. 550 crores. either, Rajnish Kumar and Aloke Bajpai will vendRs. 50 crores worth of shares each.
Ixigo Medtech IPO Financials
| Financial Year | Total Assets in Rs. crores | Revenue from Operations in Rs. crores | Profit After Tax in Rs. crores |
| FY 2021 | 181.33 | 135.56 | 7.53 |
| FY 2020 | 70.13 | 111.60 | 26.61 |
| FY 2019 | 60.40 | 40.36 | 57.35 |
Ixigo IPO Peer Comparison
| Name of the Company | Revenue in Rs. crores | Gross Transaction Value in Rs. crores | Monthly Downloads (expressed in lakhs) | Employee Strength |
| EaseMyTrip | 106 | 2,120 | 2 | 420 |
| Yatra | 120 | 1,470 | 1 | 2,000 |
| MakeMyTrip | 1170 | 11,700 | 8 | 3,200 |
Company Profile
The technology incipiency ixigo was established in 2007 to help Indian excursionists organize and bespeak their peregrination across hospices, motorcars, planes, and trains. Through advances grounded on data wisdom, machine literacy, and artificial intelligence on its OTA platforms( apps and websites), it aids trippers in making wiser opinions. It has come India’s top trip ecosystem thanks to its emphasis on cost- effectiveness, client experience, and trip mileage. The trip mileage services and tools were created using data collected from the general public and unique algorithms. Gurgaon, Haryana, serves as the company’s headquarters.
The technology company ixigo, was launched in 2007 to help Indian trippers in managing, reserving and planning their tenures across hospices, motorcars, air and rail. It helps trippers make further intelligent opinions through data wisdom, machine literacy, and artificial intelligence- grounded inventions on its OTA platforms( apps and websites).
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Ixigo Medtech FAQs
What is the advertisement revenue for ixigo in FY 21?
The advertisement revenue for ixigo declined from Rs. 11 crores in FY 20 to Rs. 7 crores in FY 21. The COVID-19 outbreak has significantly affected this figure.
What about the app rating and app reviews of ixigo in FY 21?
For ixigo, the app rating is 4.6, and the number of app reviews is 18 lakh in FY 21.
Did the net sales of ixigo grow in FY 2020-21?
While the pandemic has greatly affected the hospitality and travel sector, the net sales of ixigo grew 21% for FY 2020-21.
How much did ixigo borrow in FY 21?
ixigo has total borrowings of Rs. 15 crores in FY 21, indicating a substantial reduction from Rs. 233 crores in FY 20.
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