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ixigo IPO is a book built issue of Rs 740.10 crores. The issue is a combination of fresh issue of 1.29 crore shares aggregating to Rs 120.00 crores and offer for sale of 6.67 crore shares aggregating to Rs 620.10 crores.
ixigo IPO bidding started from June 10, 2024 and ended on June 12, 2024. The allotment for ixigo IPO was finalized on Thursday, June 13, 2024. The shares got listed on BSE, NSE on June 18, 2024.
ixigo IPO price band is set at ₹88 to ₹93 per share. The minimum lot size for an application is 161 Shares. The minimum amount of investment required by retail investors is ₹14,973. The minimum lot size investment for sNII is 14 lots (2,254 shares), amounting to ₹209,622, and for bNII, it is 67 lots (10,787 shares), amounting to ₹1,003,191.
Axis Capital Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) and Jm Financial Limited are the book running lead managers of the ixigo IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to ixigo IPO RHP for detailed information.
| IPO Date | June 10, 2024 to June 12, 2024 |
| Listing Date | June 18, 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹88 to ₹93 per share |
| Lot Size | 161 Shares |
| Total Issue Size | 79,580,900 shares (aggregating up to ₹740.10 Cr) |
| Fresh Issue | 12,903,226 shares (aggregating up to ₹120.00 Cr) |
| Offer for Sale | 66,677,674 shares of ₹1 (aggregating up to ₹620.10 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 374,519,945 |
| Share holding post issue | 387,423,171 |
ixigo IPO offers 79,580,899 shares. 23,874,271 (30.00%) to QIB, 11,937,134 (15.00%) to NII, 7,958,089 (10.00%) to RII and 35,811,405 (45.00%) to Anchor investors. 49,429 RIIs will receive minimum 161 shares and 1,765 (sNII) and 3,530 (bNII) will receive minimum 2,254 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 35,811,405 (45.00%) | NA |
| QIB Shares Offered | 23,874,271 (30.00%) | NA |
| NII (HNI) Shares Offered | 11,937,134 (15.00%) | |
| bNII > ₹10L | 7,958,089 (10.00%) | 3,530 |
| sNII < ₹10L | 3,979,045 (5.00%) | 1,765 |
| Retail Shares Offered | 7,958,089 (10.00%) | 49,429 |
| Total Shares Offered | 79,580,899 (100%) |
ixigo IPO raises Rs 333.05 crore from anchor investors. ixigo IPO Anchor bid date is June 7, 2024. ixigo IPO Anchor Investors list
| Bid Date | June 7, 2024 |
| Shares Offered | 35,811,405 |
| Anchor Portion Size (In Cr.) | 333.05 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 13, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 11, 2024 |
ixigo IPO opens on June 10, 2024, and closes on June 12, 2024.
| IPO Open Date | Monday, June 10, 2024 |
| IPO Close Date | Wednesday, June 12, 2024 |
| Basis of Allotment | Thursday, June 13, 2024 |
| Initiation of Refunds | Friday, June 14, 2024 |
| Credit of Shares to Demat | Friday, June 14, 2024 |
| Listing Date | Tuesday, June 18, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 12, 2024 |
Investors can bid for a minimum of 161 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 161 | ₹14,973 |
| Retail (Max) | 13 | 2093 | ₹194,649 |
| S-HNI (Min) | 14 | 2,254 | ₹209,622 |
| S-HNI (Max) | 66 | 10,626 | ₹988,218 |
| B-HNI (Min) | 67 | 10,787 | ₹1,003,191 |
| Lot Size Calculator | |||
Le Travenues Technology Limited was founded in 2006 and is an online travel agency (OTA) that enables travelers to book train, flight, and bus tickets as well as hotels via its OTA platforms under the brand name "ixigo".
The company's list of services includes PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, alternative route or transportation planning, flight status updates, automated web check-in, bus running status, price and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts for flights, AI-based travel planning service and automated customer support.
The various OTA platforms offered by ixigo include:
The company has the highest app usage among OTAs with a cumulative 83 million monthly active users across its apps, according to data.ai in September 2023.
The company recently launched ixigo PLAN, an intelligent, AI-based travel planner that helps travelers plan their trips with detailed itineraries and real-time destination information. It has also launched a generative AI plugin that enables conversational interactions with ixigo PLAN.
The company has also launched a value-added service, ixigo Assured Flex, which enables the purchase of a fully flexible air or rail ticket with no additional payment for cancelation or rebooking, apart from the price difference, for all domestic flights and rail bookings at a low cost.
As of December 31, 2023, the company had 486 full-time employees, and 4 consultants working under consultancy agreements.
Le Travenues Technology Limited's revenue increased by 34.46% and profit after tax (PAT) rose by 210.91% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 678.71 | 585.93 | 538.47 | 185.07 |
| Revenue | 497.10 | 517.57 | 384.94 | 138.41 |
| Profit After Tax | 65.71 | 23.40 | -21.09 | 7.53 |
| Net Worth | 437.13 | 373.76 | 342.69 | 29.94 |
| Reserves and Surplus | 399.83 | 334.17 | 303.22 | -212.60 |
| Total Borrowing | 43.36 | 0.54 | 2.73 | 14.94 |
| Amount in ₹ Crore | ||||
The market capitalization of ixigo IPO is Rs 3603.04 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| RoNW | 15.26% |
| P/BV | 8.14 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.62 | 2.26 |
| P/E (x) | 148.87 | 41.12 |
The company proposes to utilize the Net Proceeds towards funding the following objects:
[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...
The ixigo IPO is subscribed 98.10 times on June 12, 2024 6:19:08 PM. The public issue subscribed 53.95 times in the retail category, 106.73 times in the QIB category, and 110.25 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 106.73 |
| NII | 110.25 |
| bNII (bids above ₹10L) | 117.40 |
| sNII (bids below ₹10L) | 95.95 |
| Retail | 53.95 |
| Total | 98.10 |
Total Application : 2,655,149 (53.72 times)
| Listing Date | June 18, 2024 |
| BSE Script Code | 544192 |
| NSE Symbol | IXIGO |
| ISIN | INE0HV901016 |
| Final Issue Price | ₹93 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹93.00 |
| ₹135.00 |
| ₹135.00 |
| ₹161.99 |
| ₹161.99 |
| NSE |
|---|
| ₹93.00 |
| ₹138.10 |
| ₹135.00 |
| ₹165.72 |
| ₹165.72 |
Le Travenues Technology Ltd
Second Floor, Veritas Building,
Sector - 53, Golf Course Road,
Gurugram - 122 002
Phone: +91 124 668 2111
Email: investors@ixigo.com
Website: http://www.ixigo.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ixigo.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
ixigo IPO is a main-board IPO of 79,580,900 equity shares of the face value of ₹1 aggregating up to ₹740.10 Crores. The issue is priced at ₹88 to ₹93 per share. The minimum order quantity is 161 Shares.
The IPO opens on June 10, 2024, and closes on June 12, 2024.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in ixigo IPO using UPI as a payment gateway. Zerodha customers can apply in ixigo IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in ixigo IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The ixigo IPO opens on June 10, 2024 and closes on June 12, 2024.
ixigo IPO lot size is 161 Shares, and the minimum amount required is ₹14,973.
You can apply in ixigo IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for ixigo IPO will be done on Thursday, June 13, 2024, and the allotted shares will be credited to your demat account by Friday, June 14, 2024. Check the ixigo IPO allotment status.
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