The Ixigo date has been confirmed from June 10, 2024 – June 12, 2024.
ixigo IPO is a book built issue of Rs 740.10 crores. The issue is a combination of fresh issue of 1.29 crore shares aggregating to Rs 120.00 crores and offer for sale of 6.67 crore shares aggregating to Rs 620.10 crores. The minimum lot size for an application is 161 Shares. The minimum amount of investment required by retail investors is ₹14,973.
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Key Details Of Ixigo IPO
Bidding Dates
June 10- 12
Price Range
₹88 to ₹93 per share
Face Value
₹1 per share
GMP
₹30.50
Ixigo IPO GMP
The Ixigo IPO GMP is ₹30.50.
IPO Overview
ixigo IPO opens for subscription on June 10, 2024 and closes on June 12, 2024. The allotment for the ixigo IPO is expected to be finalized on Thursday, June 13, 2024. ixigo IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, June 18, 2024.
ixigo IPO price band is set at ₹88 to ₹93 per share. The minimum lot size for an application is 161 Shares. The minimum amount of investment required by retail investors is ₹14,973. The minimum lot size investment for sNII is 14 lots (2,254 shares), amounting to ₹209,622, and for bNII, it is 67 lots (10,787 shares), amounting to ₹1,003,191.
Ixigo IPO Details
| IPO Date | June 10, 2024 to June 12, 2024 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | ₹88 to ₹93 per share |
| Lot Size | 161 Shares |
| Total Issue Size | 79,580,900 shares (aggregating up to ₹740.10 Cr) |
| Fresh Issue | 12,903,226 shares (aggregating up to ₹120.00 Cr) |
| Offer for Sale | 66,677,674 shares of ₹1 (aggregating up to ₹620.10 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 374,519,945 |
| Share holding post issue | 387,423,171 |
Ixigo IPO Timeline
| IPO Open Date | Monday, June 10, 2024 |
| IPO Close Date | Wednesday, June 12, 2024 |
| Basis of Allotment | Thursday, June 13, 2024 |
| Initiation of Refunds | Friday, June 14, 2024 |
| Credit of Shares to Demat | Friday, June 14, 2024 |
| Listing Date | Tuesday, June 18, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 12, 2024 |
Ixigo Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 678.71 | 585.93 | 538.47 | 185.07 |
| Revenue | 497.10 | 517.57 | 384.94 | 138.41 |
| Profit After Tax | 65.71 | 23.40 | -21.09 | 7.53 |
| Net Worth | 437.13 | 373.76 | 342.69 | 29.94 |
| Reserves and Surplus | 399.83 | 334.17 | 303.22 | -212.60 |
| Total Borrowing | 43.36 | 0.54 | 2.73 | 14.94 |
| Amount in ₹ Crore | ||||
Ixigo IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 35,811,405 (45.00%) | NA |
| QIB Shares Offered | 23,874,271 (30.00%) | NA |
| NII (HNI) Shares Offered | 11,937,134 (15.00%) | |
| bNII > ₹10L | 7,958,089 (10.00%) | 3,530 |
| sNII < ₹10L | 3,979,045 (5.00%) | 1,765 |
| Retail Shares Offered | 7,958,089 (10.00%) | 49,429 |
| Total Shares Offered | 79,580,899 (100%) |
Company Profile
Established in 2007, Ixigo is a tech company that helps Indian travelers plan, book, and organize their trips by using AI, machine learning, and data science on our websites and apps. Our goal is to be the top travel company by providing excellent customer service and focusing on the ‘next billion users’ segment with innovative technology and cost-effective solutions.
Our online travel agency platforms enable travelers to make reservations for train, flight, and bus tickets, as well as hotels and cabs. We offer various travel tools and services created
using our algorithms and information from the public, such as train PNR status and confirmation forecasts, alerts for train seat availability, updates on train running status and delays, flight status updates, bus running status, pricing and availability alerts, deal findings, destination information, personalized suggestions, instant fare alerts, and automated customer service.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Le Travenues Technology Limited |
| Phone number | +91 124 668 2111 |
| Email ID | [email protected] |
| Website | ixigo.com |
IPO Strenghts
- 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 IPO FAQs
When ixigo IPO will open?
The ixigo IPO opens on June 10, 2024 and closes on June 12, 2024.
What is the lot size of ixigo IPO?
ixigo IPO lot size is 161 Shares, and the minimum amount required is ₹14,973.
When is ixigo IPO listing date?
The ixigo IPO listing date is not yet announced. The tentative date of ixigo IPO listing is Tuesday, June 18, 2024.
