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Ixigo IPO – GMP, Details & Full Review

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Ixigo (Le Travenues Technology Limited) who are a technology company focused on empowering Indian travellers to plan, book and manage their trips across rail, air, buses and hotels are raising 740.10 crores approximately through Initial Public Offerings (IPO). The IPO will be open from 10th June, 2024 and will close on 12th June, 2024. The IPO Price band is set to ₹93 and a retail investor can do minimum investment of 14,973 for a single lot of 161 shares.

Their OTA platforms allow travellers to book train tickets, flight tickets, bus tickets and hotels, while providing travel utility tools and services developed using in-house proprietary algorithms and crowd-sourced information, including train PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, alternate route or mode planning, flight status updates.

They were the second largest OTA in India in terms of consolidated revenue from operations in Fiscal 2023. They are the largest Indian train ticket distributor in the OTA rail market and they also had the largest market share of around 51%, in terms of rail bookings, among OTAs, as of March 31, 2023. Their market share in India in the OTA rail market was 46.15% in Fiscal 2023 and increased from 46.4% in the first half of Fiscal 2023 to 52.4% in the first half of Fiscal 2024.

Ixigo IPO Important Dates And Prices

IPO Opening DateJune 10, 2024
IPO Closing DateJune 12, 2024
IPO Allotment DateJune 13, 2024
Date of Refund InitiationJune 14, 2024
Single Price₹93
Total Shares161/Lot
Minimum Investment₹14,973
IPO ListingJune 18, 2024
Listing OnBSE, NSE

Ixigo IPO Other Important Details

IPO Issue Size₹740.10 Crores
IPO Face Value₹1/Share
IPO Retail Percentage10%
IPO QIB Percentage75%
IPO NII Percentage15%
Retail Min. Investment (1 Lot)₹14,973 (161 Shares)
Retail Max. Investment (13 Lot)₹194,649 (4000 Shares)
S-HNI Min. Investment (14 Lots)₹209,622 (2254 Shares)
S-HNI Max. Investment (66 Lots)₹988,218 (10,626 Shares)
B-HNI Min. Investment (67 Lots)₹1,003,191 (10,787 Shares)
IPO Mandate Last Date12 June, 2024 (Till 5 PM)
IPO RegistrarLink Intime India Private Limited


Ixigo IPO GMP (Grey Market Premium)

Day By Day analysis of Ixigo IPO GMP. IPO Grey Market Premium can increase or decrease depending upon the buyer interests.

DateGMP
As On 06-06-2024₹21
As On 07-06-2024₹28
As On 08-06-2024₹28

Ixigo (Le Travenues Technology Limited) Promoters

  • Company does not have an identifiable promoter in terms of SEBI ICDR Regulations and the Companies Act 2013.

Shareholding Pattern or Promoter Holding in Ixigo IPO

Equity ShareholdingNo. of SharesPercentage of Shares
Pre Issue374,519,945[●]
Post Issue[●][●]

Ixigo (Le Travenues Technology Limited) Qualities & Strength

  • Leading OTA for the ‘next billion user’ with the highest Monthly Active Users for Mobile Apps.
  • A technology Focused company.
  • Diversified business model with high operating leverage and organic flywheel.
  • Highly experienced management team with lean organization structure.
  • They have established consumer travel brands built with user-first approach: Ixigo Group apps were one of the highest rated apps among OTAs, with a rating of 4.6 on the Google Play Store.
IncorporationRegistered OfficeWebsiteIPO Doc
June 3, 2006Second Floor, Veritas Building, Sector – 53,
Golf Course Road, Gurugram 122 002, Haryana, India
www.ixigo.comRHP PDF

Objectives of the Ixigo IPO Issue

Ixigo Company is going to use the funds in:

  • Part-funding working capital requirements of our Company – they propose to utilize an amount of up to ₹ 450.00 million towards working capital requirements in Fiscals 2025 and 2026 as company’s business is business is working capital-intensive.
  • Investments in cloud infrastructure and technology.
  • Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.

In addition, they are expecting to receive the benefits of listing of the Equity Shares on the Stock Exchanges,
including among other things, enhancement of our Company’s brand name among existing and potential users and creation of a public market for the Equity Shares in India.

Read More: Latest IPO GMP Today


Ixigo IPO Review (Apply – On the Opening Date)

FinancialsDecember 31, 2023March 31, 2023March 31, 2022March 31, 2021
EBITDA (₹ in Millions)343.17450.4569.5461.43
EBITDA Margin (%)6.99%8.99%1.83%4.53%
EPS Basic (in ₹)1.800.580.660.25
EPS Dilute (in ₹)1.750.570.660.25
RONW (%)15.26%5.74%7.15%24.13%
  • Ixigo (Le Travenues Technology Limited) company has an EBITDA of 343.17 in the last 9 Months.
  • EBITDA Margin % is also 6.99% in last 9 months as compared to 8.99% of previous 12 months.
  • RONW % is 15.26% in 9 months which is just 5.74% in previous year. It is increased around 10%.

After thorough review of Ixigo Company Financial Stats of Previous Years, Our Review for this IPO is you can Apply For this IPO on the first day to increase your chances of Allotment. Company is very big and has a brand name in the market. RONW % also increased by 10% in the last nine month and GMP will also increase in upcoming days.


FAQ’s Related to Ixigo IPO

  1. From Which Date Ixigo IPO will open?

    Ixigo IPO will open from Monday, 10 June, 2024.

  2. What is the allotment date of Ixigo IPO?

    Ixigo IPO Allotment date is Thursday, 13 June, 2024.

  3. What is the percentage of Shares offered to Retail Investors in Ixigo IPO?

    In Ixigo IPO, Retail Investors are offered 10% of Total Shares, QIB investors are offered 75% and NII Investors are offered remaining 15% Shares.

  4. On which date Ixigo (Le Travenues Technology Limited) IPO is going to List?

    Ixigo (Le Travenues Technology Limited) IPO is going to list on Tuesday, 18 June, 2024.

  5. Where is the headquarter of Ixigo Company located?

    Ixigo company headquarter or registered office is in Sector – 53, Golf Course Road, Gurugram 122 002, Haryana.

  6. Can I submit multiple applications for Ixigo IPO from different Apps?

    No, You can not submit multiple applications From different apps using same PAN card. If you do so, all of your applications will be cancel.


How You Can Apply For Ixigo IPO?

  • Open a DEMAT account prior to applying for the Ixigo BSE IPO.
  • To open a DEMAT account online, Use apps like Groww, Paytm Money, Angel One, Upstox, and Zerodha on your mobile phone or tablet.
  • Open the app and select the IPO section after creating your DEMAT account.
  • To submit your mandate request, select the Ixigo IPO and click Apply.
  • Enter the number of shares or lot size that you are interested in applying for, depending on which option is displayed in your application.
  • Once you’ve decided on your bid amount, send in your IPO application. The maximum price, also referred to as the cutoff price, is where you should submit your application.
  • Next, choose “Continue”. A new screen requesting that you add your UPI ID will appear. Please type in your UPI ID there.
  • You will soon see a mandate request on your UPI platform after submitting an IPO application. On rare occasions, it takes longer than an hour. Please be patient and don’t worry as a result.
  • Click Accept Mandate in the UPI App after obtaining a mandate. Next, input your UPI Pin and the mandate amount, then press Enter.
  • The Bank will hold onto the IPO Amount until the day that refunds begin, following approval of the mandate.
  • If you are allotted shares for the Ixigo IPO, money will be permanently withdrawn from your bank account on Wednesday, June 12, 2024.

Will you apply for Ixigo Company’s Initial Public Offering? Please use the space provided below to share your thoughts.! Your comments can also benefit other users. Keep Reading & Keep Investing !!

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