Incorporated in the year 2007, travel booking application ixigo or Le Travenues Technology Limited has filed its DRHP for ₹1600 Cr. Headquartered in Haryana,ixigo is an AI-based online travel portal. ixigo has users of more than 250 million. The company will use ₹540 Cr of the IPO to power its organic and inorganic growth initiatives.
The company is looking to raise ₹750 Cr by a fresh issue and ₹850 Cr via an offer for sale (OFS) from existing investors as part of its IPO, according to the DRHP.The company recorded a total income of ₹138.4 Cr for the financial year ending March 31st, 2021, as against ₹112.9 Cr in FY20. It earned a profit of ₹7.5 Cr in FY21 as against a net loss of Rs 26.6 crore for FY20.
It acquired Bengaluru-based online train discovery and booking platform Confirmtkt. The company also acquired AbhiBus, a Hyderabad-based bus ticketing platform. The travel booking company was badly hit during the 1st and 2nd wave of the pandemic but has revived well post the 2nd wave.
ixigo is a professionally managed company and doesn’t have any Promoters as per the DRHP.
|2019||₹43 Cr||₹100Cr||-₹57.30 Cr|
|2020||₹113 Cr||₹140 Cr||-₹26.6 Cr|
|2021||₹138 Cr||₹131 Cr||₹7.53 Cr|
ixigo IPO Details
|Issue Period||Opening Date: January 2022
Closing Date: January 2022
|Price Band||₹ – ₹ per equity share|
|Issue Size||₹1600 Cr|
|Face Value||₹1 per equity share|
|Issue Type||Book built issue|
|Fresh Issue||[.] Eq Shares of ₹1 face value
(aggregating up to ₹750.00 Cr)
|Offer for sale||[.] Eq Shares of ₹1 face value
(aggregating up to ₹850.00 Cr)
|Listing||NSE and BSE|
|Registrar||Link Intime India Private Limited|
ixigo IPO Timeline
ixigo IPO price, date, allotment date, and the listing date, and all the details will be announced soon.
|IPO Opens||To be announced|
|IPO Ends||To be announced|
|Allotment Begins||To be announced|
|Refund Initiation||To be announced|
|Allotment Date||To be announced|
|Listing Date||To be announced|
ixigo IPO Book running Lead Manager(s)
- Axis Capital Limited.
- ICICI Securities Limited.
- Kotak Mahindra Capital Company Limited.
Nomura Financial Advisory and Securities (India) Private Limited.
ixigo IPO Registrar
Link Intime India Private Limited