The Ixigo Medtech Date Will Be Updated Soon .
Ixigo submitted its preliminary paperwork to SEBI (the market regulator) on August 12, 2021, to raise Rs. 1,600 crores through a public offering. The offering would consist of Rs. 850 crore as an OFS (offer for sale) and Rs. 750 crore as a new issue of equity shares, according to the DRHP.
Start your investing journey today. How do you open your own demat account for free?
Bidding Dates
Coming Soon
Price Range
₹0 per share
Face Value
₹0 per share
GMP
₹0
Ixigo Medtech GMP
The Ixigo Medtech IPO GMP is ₹[].
IPO Overview
On 12 August 2021, ixigo filed its preliminary papers with SEBI (market regulator) to fetch Rs. 1,600 crores through a public offer. As per the DRHP, the offering will comprise Rs. 850 crores as an OFS (offer for sale) and Rs. 750 crores as a fresh issue of equity shares.
In this public offering, Micromax Informatics will offload shares worth Rs. 200 crores, and Saif Partners India IV has planned to sell shares amounting to Rs. 550 crores. Besides, Rajnish Kumar and Aloke Bajpai will sell Rs. 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 startup ixigo was established in 2007 to help Indian tourists organize and book their travels across hotels, buses, aeroplanes, and trains. Through advances based on data science, machine Learning, and artificial intelligence on its OTA platforms (apps and websites), it aids travellers in making wiser decisions. It has become India’s top travel ecosystem thanks to its emphasis on cost-effectiveness, customer experience, and travel utility. The travel utility 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 assist Indian travellers in managing, booking and planning their tours across hotels, buses, air and rail. It helps travellers make more intelligent decisions through data science, machine Learning, and artificial intelligence-based innovations on its OTA platforms (apps and websites).
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.
