Get ready to invest in India's leading travel booking platform, ixigo, as the company gears up to launch its mainboard initial public offering worth Rs 740 crores on June 10. With a price band of Rs 88 to Rs 93 per share, the IPO is expected to close on June 12 and to be listed on both BSE and NSE on June 18. The company has already mobilized Rs 333 crore from anchor investors ahead of its IPO. Don't miss out on this opportunity to be a part of the ever-growing travel industry in India.
ixigo's Initial Public Offering: A Deep Dive into the Leading Travel Booking Platform
Introduction ixigo, India's leading online travel booking platform, is all set to launch its much-anticipated initial public offering (IPO) on June 10th, 2022. This landmark event marks a significant milestone in the company's journey and provides investors with an opportunity to participate in India's thriving travel industry.
IPO Details The IPO is expected to raise Rs 740 crores through the issuance of fresh equity shares. The price band for the IPO has been set at Rs 88 to Rs 93 per share. The issue will close on June 12th, 2022, and the shares are expected to be listed on both the BSE and NSE on June 18th, 2022.
Company Profile ixigo was founded in 2007 as a train inquiry website. Over the years, the company has evolved into a comprehensive travel booking platform offering train, flight, bus, and hotel bookings. ixigo is known for its user-friendly interface, comprehensive content, and extensive network of travel partners.
Financial Performance ixigo has witnessed strong financial performance in recent years. In the nine months ended December 31st, 2021, the company reported total revenue of Rs 212.7 crores, representing a growth of 127% year-on-year. The company's net profit also surged by 150% to Rs 42.2 crores during the same period.
Growth Prospects The Indian travel industry is expected to grow significantly in the coming years. With the rise of disposable income and increased internet penetration, more and more Indians are traveling for leisure and business purposes. ixigo is well-positioned to capitalize on this growth given its strong brand presence and innovative offerings.
Top 5 FAQs
1. What is the date of ixigo's IPO launch? June 10th, 2022
2. What is the price band for the IPO? Rs 88 to Rs 93 per share
3. What is the issue size of the IPO? Rs 740 crores
4. When will the shares be listed? June 18th, 2022
5. What are ixigo's key financial highlights?
Jagdeep Singh, a self-made Indian-origin entrepreneur, has broken records as the highest-paid CEO in the world with a daily income of Rs 48 crore. With a background in tech giants HP and Sun Microsystems, Singh now leads his own company, Quantumscape, which is revolutionizing electric vehicle batteries with cutting-edge solid-state technology. This achievement not only showcases Singh's passion for innovation but also sets a new standard for corporate leadership.
Jagdeep Singh, former CEO and founder of the American company Quantumscape, has surpassed all compensation records with an annual salary of Rs 17,500 crore. With a remarkable daily earning of Rs 48 crore, Singh has set a new benchmark in the EV industry. Despite stepping down as CEO, he continues to excel in the tech and business worlds with his new venture.
Uber's underperformance in the stock market may not reflect any weakness in the company's business fundamentals. Despite the fear surrounding the potential for robotaxis to disrupt the ride-sharing industry, Uber has the flexibility, financial stability, and adaptability to remain a significant player in the mobility industry. With a strong track record of revenue and profit growth, expanding profit margins, and impressive cash flow, Uber appears undervalued and worth considering as a buy for long-term investors.
A Bengaluru court has granted interim bail to Nikita Singhania, the wife of deceased techie Atul Subhash. Atul had passed away last month, following which Nikita was accused by his family of provoking him to commit suicide. However, the court has granted her bail, allowing for further investigation into the matter. This decision by the court has brought some relief to Nikita and her family amidst this tragedy.
Amazon's chief executive Andy Jassy has announced that all staff will be expected to return to working in the office full-time starting in January. This decision has sparked backlash as it goes against the company's previous hybrid work policy and adds pressure to already overwhelmed corporate staff. Jassy's concern for maintaining Amazon's intense start-up culture and avoiding bureaucratic layers has led to these changes, potentially resulting in job cuts. However, some employees are claiming unfair retaliation, opening up a dispute with labour officials.
With the release of the official notification for SBI PO 2024 expected soon, aspirants need to start preparing early and effectively manage their time to excel in the highly competitive exam. This article provides valuable time management tips for all three stages of the exam, helping candidates stay focused and increase their chances of success. From familiarizing yourself with the exam pattern to mastering each section with strategic time allocation, this guide is a must-read for dedicated SBI PO exam candidates.
The use of AI in the insurance industry has been gaining momentum, with a recent report showing that 29% of working hours in the industry can be automated by gen AI. However, this also raises concerns about maintaining personal connections with clients and using the technology responsibly. The threat of cyberattacks is also increasing, leading to growing costs for Canadian businesses. While AI has the potential to revolutionize tedious tasks and improve fraud detection, it also poses legal and privacy risks if not properly integrated. As a result, CISRO has issued guidelines for insurance intermediaries to help them understand and mitigate these risks when using AI.
DMart, India's leading supermarket chain, saw a surge of 12.33% in its stock following a 17.18% growth in standalone revenue in the third quarter of 2021 compared to the previous year. However, concerns have been raised over increased competition in the industry, with players like Flipkart and Amazon offering home delivery at lower prices. This has led to doubts over DMart's previously unquestioned dominance in terms of price advantage. Despite this, brokerage firms like CLSA continue to suggest an 'Outperform' rating on DMart, citing its strong store addition and same store sales growth.
As Bitcoin marks its 16th anniversary, it continues to rise in popularity among investors. In just 48 hours, 11,000 BTC were removed from exchanges, indicating a strong belief in the asset's long-term potential. This trend is further evidenced by the $1 billion worth of BTC accumulated by investors since the start of the year. The approval of the ProShares Bitcoin Strategy and 11 spot Bitcoin ETFs by the SEC shed light on the increasing interest from institutional investors, with net flows into spot Bitcoin ETFs reaching $4.63 billion in December alone. Bitcoin enthusiast Tom Lee predicts that the asset could reach $250,000 in 2025, fueled by a favorable regulatory landscape and increased interest from other nations' Bitcoin reserves. With a capped supply of 21 million coins and a current price of $96,800, all eyes are on Bitcoin as it approaches this significant psychological and financial milestone.
In this edition of Traders' Diary, the Zee Business research team provides exclusive research and investment ideas on 20 stocks to track for January 3, 2025. Analysts Pooja Tripathi and Kushal Gupta share their top stock picks, including Avati Feeds, PB Fintech, Bajaj Finance, Lupin, Bank of Baroda, JK Cement, Amber Enterprises, and V2 Retail. With targets and stop losses for each stock, this diary is a must-read for investors and traders.