Ixigo IPO: The price band for the issue will be announced on June 5 and the IPO closes on June 12.
Ixigo IPO: Le Travenues Technology, the parent firm of travel aggregator Ixigo, will begin accepting subscriptions on June 10. The price band for the issue will be disclosed on June 5, with the IPO closing on June 12.
Ixigo IPO details
The IPO includes a fresh issuance of ₹120 crore equity shares and an offer-for-sale (OFS) of 6,66,77,674 equity shares from existing shareholders. The OFS’s selling stockholders include SAIF Partners India IV, Peak XV Partners Investments V, Aloke Bajpai, Rajnish Kumar, Micromax Informatics, Placid Holdings, Catalyst Trusteeship, and Madison India Capital HC.SAIF Partners and Peak XV are the majority shareholders in the company. They have 23.37 percent and 15.66 percent stakes, respectively.
Anchor Book of Ixigo IPO
The anchor book of the public issue will open for a day on June 7.
Ixigo IPO Lead Managers
Axis Capital, DAM Capital Advisors, and JM Financial are the book running lead managers to the issue.
Company Details
LeTravenues Technology, an internet travel business, was created in 2006. Under the brand name ‘Ixigo’, travellers can book rail, aeroplane, and bus tickets, as well as accommodations. It boasts the most app utilisation among peers, with a total of 83 million monthly active users across its apps.
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