An online travel platform, Ixigo, is set to launch its initial public offering (IPO) with the aim of raising a total of Rs 740.1 crore. The company will issue 1.29 crore shares worth Rs 120 crore and offer for sale of 6.67 crore shares totaling Rs 620.1 crore at a price range of Rs 88 to Rs 93 per share, with a minimum lot size for retail investors being 161 shares requiring an investment of at least Rs 14,973.
Ixigo has already raised Rs 333 crore through its anchor book subscription, with investors such as Nomura, Morgan Stanley, 3P India Equity Fund, HDFC MF, Motilal Oswal MF, Government of Singapore, and Tata Investment Corp participating in the anchor book subscription. Nandita Khemka will host a conversation with Aloke Bajpai, the Chairman, MD & Group CEO, and Rajnish Kumar, the Director & Group Co-CEO of Ixigo to discuss the company’s growth outlook and future plans.
The IPO is a significant step for Ixigo as they look to raise funds for expansion and growth in the online travel platform industry. With a strong investor backing and a clear strategy for the future, Ixigo aims to continue its success and expand its market presence. The IPO subscription is a great opportunity for investors to be a part of Ixigo’s journey and contribute to its growth in the coming years.
Investors have shown great interest in investing in this sector as it provides an excellent opportunity to gain exposure to the growing online travel market in India. According to recent reports
