IPO- Ixigo - Le Travenues Technology Ltd
How much did Ixigo raise from anchor investors ahead of its IPO?
Ixigo raised ₹333 crore from anchor investors ahead of its initial public offering (IPO).
Which prominent investors subscribed to Ixigo’s anchor book?
Some of the top investors who subscribed to the anchor book include Tata Investment Corporation, the Government of Singapore, HDFC MF, Motilal Oswal MF, Nomura, Morgan Stanley, and 3P India Equity Fund.
What is the price band set for Ixigo’s IPO?
The price band for Ixigo’s IPO is set at ₹88 to ₹93 per equity share.
How much does Ixigo plan to raise through the IPO?
Ixigo plans to raise ₹740 crore through its IPO.
What will be the allocation for different investor categories in Ixigo’s IPO?
Qualified institutional buyers (QIBs) will have access to up to 75% of the net issue size, non-institutional investors (NIIs) will be allocated 15%, and retail investors will have a minimum assured allocation of 10%.
How does Ixigo plan to use the funds raised through the IPO?
Ixigo aims to utilize the funds to meet working capital requirements, enhance the platform by investing in technological advancements, develop growth opportunities through strategic acquisitions and partnerships, and for general corporate purposes.
What are the key business metrics of Ixigo?
Ixigo’s annual active users stood at 429.38 million, with 49.07 million transactions booked through its OTA platforms in FY23, as of March 31, 2023. The OTA platforms facilitated 42 million transactions during the nine months ending December 31, 2023.
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