Ixigo IPO Launching June 10: Price Band, Lot Size, Listing Date, and More Revealed!
Le Travenues Technology, the parent company of popular travel aggregator Ixigo, is gearing up to initiate its Initial Public Offering (IPO) on June 10. This eagerly anticipated IPO marks a significant milestone for the company and presents investors with an opportunity to participate in its growth.
Notably, the price band for the IPO will be unveiled on June 5, providing potential investors with essential information to make informed decisions. With the IPO closing on June 12, investors are urged to act promptly to secure their stake in this promising venture.
Ixigo IPO: Key Details
The much-awaited Initial Public Offering (IPO) of Ixigo unveils crucial specifics for potential investors. The IPO structure entails a fresh issuance of equity shares valued at ₹120 crore alongside an offer-for-sale (OFS) comprising 6,66,77,674 equity shares from existing shareholders.
Notable entities participating in the OFS 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 emerge as the principal shareholders, holding 23.37% and 15.66% stakes in the company, respectively. With these details in hand, investors can assess the IPO’s potential and make informed decisions.
Ixigo IPO: Anchor Book Opening on June 7
Ahead of its public issue, the anchor book for the Ixigo IPO is scheduled to open for a single day on June 7. This significant event allows select institutional investors to secure shares before the public offering, providing an early indication of investor interest and potentially bolstering confidence in the IPO.
The anchor book opening on June 7 sets the stage for what promises to be an exciting journey for Ixigo and its stakeholders.
Ixigo IPO Lead Managers
The upcoming Initial Public Offering (IPO) of Ixigo boasts a distinguished lineup of book running lead managers. Axis Capital, DAM Capital Advisors, and JM Financial have been entrusted with the responsibility of overseeing the issue process.
About Le Travenues Technology: Pioneering Online Travel Solutions
Le Travenues Technology, established in 2006, stands as a trailblazer in the realm of online travel services. Operating under the renowned brand name ‘Ixigo,’ the company offers a comprehensive platform enabling travelers to seamlessly book train, flight, and bus tickets, in addition to lodging accommodations.
With a commitment to enhancing the travel experience, Ixigo has garnered significant acclaim, boasting the highest app usage among its peers. Impressively, the company boasts a cumulative user base of 83 million monthly active users across its suite of applications.
Through innovation and dedication to customer satisfaction, Le Travenues Technology continues to redefine the landscape of online travel services, offering unparalleled convenience and reliability to travelers worldwide.
