Ixigo's Ascension to IPO Triumph: A Journey of Strategic Investments and Promising Growth
June 8, 2024, 9:35 am
Location: India, Haryana, Gurugram
Employees: 201-500
Founded date: 2006
Total raised: $21.08M
Le Travenues Technology Limited, the visionary force behind the popular travel booking platform Ixigo, has recently secured a substantial sum of Rs 333 crore from anchor investors in anticipation of its much-anticipated initial public offering (IPO). The strategic move to offer 3,58,11,405 equity shares at a price of Rs 93 each signifies a bold step towards the company's future success in the dynamic world of stock markets.
With esteemed investors such as SBI, HDFC, Morgan Stanley, and Nomura Fund among the key players backing Ixigo's IPO, the stage is set for a thrilling debut that promises to captivate the market. The company's decision to allocate a significant portion of equity shares to domestic mutual funds through various schemes further highlights its commitment to fostering strong partnerships and driving sustainable growth.
As Ixigo gears up for its public offering scheduled from June 10 to June 12, 2024, with a price range of Rs 88-93 and a minimum bid quantity of 161 shares, the excitement and anticipation surrounding its market entry continue to build. The ownership landscape of the company, with SAIF Partners, Peak XV, and Micromax holding notable stakes, along with the combined ownership of co-founders Aloke Bajpai and Rajnish Kumar, paints a picture of a well-positioned entity poised for success.
The company's impressive performance in the previous fiscal year, with operating revenue reaching a commendable Rs 491 crore and profits soaring to Rs 65.7 crore, serves as a testament to its resilience, strategic acumen, and unwavering commitment to delivering value to its stakeholders. As Ixigo embarks on this new chapter of its journey, investors and industry observers alike are eager to witness the unfolding of its narrative and the potential for unprecedented growth and success in the competitive landscape of the travel and technology sectors.
Get ready to witness Ixigo's meteoric rise as it sets its sights on conquering new horizons and establishing itself as a formidable player in the IPO arena. The stage is set, the players are in position, and the journey towards IPO triumph awaits its grand unveiling.
With esteemed investors such as SBI, HDFC, Morgan Stanley, and Nomura Fund among the key players backing Ixigo's IPO, the stage is set for a thrilling debut that promises to captivate the market. The company's decision to allocate a significant portion of equity shares to domestic mutual funds through various schemes further highlights its commitment to fostering strong partnerships and driving sustainable growth.
As Ixigo gears up for its public offering scheduled from June 10 to June 12, 2024, with a price range of Rs 88-93 and a minimum bid quantity of 161 shares, the excitement and anticipation surrounding its market entry continue to build. The ownership landscape of the company, with SAIF Partners, Peak XV, and Micromax holding notable stakes, along with the combined ownership of co-founders Aloke Bajpai and Rajnish Kumar, paints a picture of a well-positioned entity poised for success.
The company's impressive performance in the previous fiscal year, with operating revenue reaching a commendable Rs 491 crore and profits soaring to Rs 65.7 crore, serves as a testament to its resilience, strategic acumen, and unwavering commitment to delivering value to its stakeholders. As Ixigo embarks on this new chapter of its journey, investors and industry observers alike are eager to witness the unfolding of its narrative and the potential for unprecedented growth and success in the competitive landscape of the travel and technology sectors.
Get ready to witness Ixigo's meteoric rise as it sets its sights on conquering new horizons and establishing itself as a formidable player in the IPO arena. The stage is set, the players are in position, and the journey towards IPO triumph awaits its grand unveiling.