Ixigo IPO Opens Today: Check Price Band, Key Dates, Lot Size, Listing Date, Other Details

The price band for Ixigo's IPO has been set at Rs 88 to Rs 93 per share. The subscription window for the IPO will be open from June 10 to June 12
Initial Public Offering
Initial Public Offering

Ixigo, an online travel booking platform operated by Le Travenues Technology Ltd. will be commencing its initial public offering today. The company was started in 2007 by Aloke Bajpai and Rajnish Kumar.

The travelling platform recently raised around Rs 333 crore from anchor investors, including Nomura, Motilal Oswal MF, Morgan Stanley, 3P India Equity Fund, HDFC MF, Tata Investment Corp and others as participants.

Price Band

Ixigo IPO has set its price range at Rs 88 to Rs 93 per share.

Lot Size

Investors are required to apply for a minimum of 161 equity shares and can then increase their investment in multiples thereof. Retail investors would be required to invest at least Rs 14,973 to participate.

Key Dates

The subscription window for the IPO will be open from June 10 to June 12, with the allotment expected to be concluded by June 13. The company's shares are scheduled to be listed on both the BSE and NSE on June 18.

Issue Size

The initial offering is valued at Rs 740.10 crore. This comprises a fresh issue of 1.29 crore equity shares, raising Rs 120 crore, and an OFS of 6.67 crore shares, totaling Rs 620.10 crore. Le Travenues Technology Ltd has already secured Rs 333 crore from anchor investors last week.

IPO reservation

Around 75 per cent of the allocation will be for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors (NIIs) and 10 per cent for retail investors.

Use of Proceeds

Out of the proceeds generated from the fresh issue, Rs 45 crore will be allocated towards company's working capital needs, while Rs 26 crore will be directed towards investments in technology and data science. This includes expenditure on cloud and server hosting, advancements in artificial intelligence technology and customer engagement.

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