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?
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