The renowned online travel agency ixigo will open its IPO on June 10. The company will raise Rs 740.10 crore from investors at a price band of Rs 88 ot 93 per equity share. The company will collect money by offering 79.6 million shares of the company, out of which a large 66.7 million share will be offloaded by promoters and other selling shareholders amounting to Rs 620.10 crore.
The issue will close on June 12. The company is expected to finalise the allotment of shares by June 13 and list on June 18, scheduled tentatively. A retail investor needs to apply for a minimum of one lot, which contains 161 shares aggregating to Rs 14,973.
Axis Capital, Dam Capital Advisors, and JM Financial are the book-running lead managers and Link Intime India registrar for the issue.
Russia launches major drone and missile attack on Ukraine, at least 3 killed Saraswati Saree Depot IPO closes today; Check all details here before subscribing Through the Looking-Glass: The Future of Marketing and Branding with Generative AI: What’s a decade ahead of us! Travel-tech firms, airlines at best frenemies, not rivals
Le Travenues Technology operates with the name ‘ixigo’. It is an online travel agency enabling travellers to book train, flight, and bus tickets as well as hotels. The company provides various services such as checking PNR status, train seat availability, train running status, flight status, deal discovery, web check-in, bus running status, and many others.