June 10, 2024 - June 12, 2024

ixigo IPO Review & Recommendations

Ajcon Global Services Ltd, Anand Rathi, BP Equities (BP Wealth), Canara Bank Securities Ltd, Dilip Davda, SBICAP Securities Limited, Swastika Investmart Ltd and Ventura Securities Limited have given "Apply" recommendation to ixigo IPO. Capital Market and SMC Global have "Neutral" view about the IPO.

ixigo IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	8	0	2	0	0
%	80.00	0.00	20.00	0.00	0.00

ixigo IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Ajcon Global Services Ltd	Apply
Anand Rathi	Apply
BP Equities (BP Wealth)	Apply
Canara Bank Securities Ltd	Apply
Capital Market	Neutral
Dilip Davda	Apply
SBICAP Securities Limited	Apply
SMC Global	Neutral
Swastika Investmart Ltd	Apply
Ventura Securities Limited	Apply

ixigo IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for ixigo IPO is 40. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	40	Avoid, however active risk seekers can try

ixigo IPO Review by Dilip Davda (Apply)

[Dilip Davda] The company is one of the fastest growing OTA player and enjoys popularity under its IXIGO brand. Though it marked a setback for FY22 amidst Pandemic, it is again on growth path from FY23 onwards. Its bottom line for 9M-FY24 includes Rs. 29.72 cr. for exceptional item and even this is removed it marked a growth in its earnings. Based on annualized FY24 earnings, the issue appears fully priced. Investors may lap it up for the long term rewards. Read detail review...

IXIGO IPO Peer Comparison

Le Travenues Technology Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Le Travenues Technology Limited	0.58	0.57	9.79		5.74
Easy Trip Planners Limited	0.77	0.77	2.13	54.96	36.21	19.87	Consolidated
Yatra Online Limited	0.69	0.69	14.80	187.83	4.50	8.76	Consolidated

Notes:

Financial information for Easy Trip Planners Limited is on a consolidated basis and sourced from the audited financial statements of the relevant companies for Financial Year 2023, as available on the websites of the Stock Exchanges.
Yatra Online Limited was listed on September 28, 2023. Financial information is derived from the restated consolidated financial information as of and for the Financial Year 2023 sourced from its prospectus dated September 21, 2023.
Basic EPS and Diluted EPS refers to the basic EPS and diluted EPS sourced from the financial statements of the respective peer group companies for the Financial Year 2023.
The P/E Ratio has been computed based on the closing market price (June 3, 2024) of equity shares on BSE, divided by the Diluted EPS provided under Note (3) above.
Net Asset Value per Equity Share (₹) = Net worth at the end of the year/ Total number of equity shares outstanding at the end of the year.
Return on Net Worth (%) = Net profit/loss after tax/ Net worth at the end of the year.

ixigo IPO Review by Members

ixigo IPO Reviews, analysis and views by popular members. Read Le Travenues Technology Ltd IPO reviews by retail investors to find recommended ipo to buy.

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ixigo IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	2	1	0	1
%	50.00	25.00	0.00	25.00

Member	Review
Parkhi Nazar	Avoid It appears to be aggressively priced if you compare it to EaseMyTrip. EMT has a much better profit profile at similar revenue levels. Apart from listing gains propelled by GMP, revenue profile-wise, EMT seems to be a better bet even for the short-term. 1 June 11, 2024 9:50:46 PM
Rahul Simdega	Apply for Short Term at Upper Price Band The Financial Sheet is good. The company can perform well during the listing period and continue the same. June 9, 2024 9:58:33 PM
Dhanvantri	May Apply for Listing Gain at Upper Price Band As Previous Travel co listing not performed well retail portion is less got oversubscribed in one day.May apply for listing gain depends on market condition. June 9, 2024 6:06:08 PM
SATYA DURGA PRASAD BADAMSETTI	Apply for Listing Gain at Upper Price Band Apply for listening gains June 7, 2024 12:09:11 PM

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1 Comments

1. Beautiful Link|June 12, 2024 5:25:11 PM

In my personal view that Train services is going to expand tremendously in future. As far as ticketing apps are concerned, everyapp gets their income in many ways say booking, cancellation etc. IRCTC app due to huge members working slow and these apps do good. So oboviously these apps will get good business in the years to come . better to subscribe for medium term.