Ixigo, an online travel platform, is preparing to launch its initial public offering (IPO) with the aim of raising Rs 740.1 crore. The IPO is set to open on June 10 and includes a fresh issue of 1.29 crore shares valued at Rs 120 crore, as well as an offer for sale of 6.67 crore shares totaling Rs 620.1 crore. The price band for the shares has been set between Rs 88 per share and Rs 93 per share, with a minimum lot size of 161 shares for retail investors requiring an investment of at least Rs 14,973.
Ixigo has already raised Rs 333 crore through its anchor book, with investments from notable investors such as Nomura, Morgan Stanley, 3P India Equity Fund, HDFC MF, Motilal Oswal MF, Government of Singapore, and Tata Investment Corp. This shows strong investor interest in Ixigo’s IPO.
Ahead of the IPO launch, Aloke Bajpai, Chairman, MD & Group CEO and Rajnish Kumar Director & Group Co-CEO will share insights on the company’s growth outlook and future plans in a conversation with Nandita Khemka. This IPO marks an important milestone for Ixigo and will provide the company with the necessary capital to fuel its expansion and growth initiatives in the online travel industry.