Ixigo, an online travel platform, is set to launch its initial public offering (IPO) to raise a total of Rs 740.1 crore, with subscriptions opening on June 10. The IPO will include a fresh issue of 1.29 crore shares valued at Rs 120 crore and an offer for sale of 6.67 crore shares totaling Rs 620.1 crore. The price range for the shares is set between Rs 88 and Rs 93 per share, with the minimum lot size for retail investors being 161 shares requiring an investment of at least Rs 14,973.
The company has already raised Rs 333 crore through its anchor book, 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 be hosting 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.
Ixiago’s IPO is a significant step for the company 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.