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.
Company Promoters
ixigo is a professionally managed company and doesn’t have any Promoters as per the DRHP.
Company Financial
| Year | Revenue | Expenses | PAT |
| 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
| IPO DETAILS | ixigo |
| 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 date, issue price, 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
Email: ixigo.ipo@linkintime.co.in
Website: www.linkintime.co.in
Phone:+91 224-918-6200