ixigo IPO: Know the latest insights on Key dates, Price bands, and much more
About ixigo
ixigo is a tech firm established in 2007 dedicated to enabling Indian travelers to organize, book, and oversee their journeys through various modes of transportation, including trains, planes, buses, and accommodations. We help travelers make more informed choices about their travel by utilizing artificial intelligence, ML, and data science in their online travel agencies, which include their websites and mobile apps.
Their goal is to be the most customer-focused travel company, providing the highest level of service to our customers. The emphasis on making travel more useful and enhancing the travel experience for the ‘next billion users’ is motivated by technology and cost-effectiveness.
What is ixigo IPO?
The ixigo IPO represents a total issuance of Rs 740.10 crores. This includes both a new issue of 1.29 crore shares valued at Rs 120.00 crores, along with the sale of 6.67 crore shares valued at Rs 620.10 crores.
The ixigo IPO is scheduled to begin accepting bids on June 10, 2024, with the closing date set for June 12, 2024. It is anticipated that the distribution of shares for the ixigo IPO will be completed on Thursday, June 13, 2024. The ixigo IPO is set to debut on the BSE and NSE, with a provisional listing date of Tuesday, June 18, 2024.
ixigo IPO Price Band
The IPO price range for ixigo is set to range between ₹88 and ₹93 per share. To apply, investors must have at least 161 shares. Retail investors need to invest at least ₹14,973, while for sNII, the initial investment for a minimum of 14 lots (2,254 shares) is ₹209,622, and for bNII, it’s ₹1,003,191 for a minimum of 67 lots (10,787 shares).
ixigo IPO Key Dates
IPO Open Date: Monday, June 10, 2024
IPO Close Date: Wednesday, June 12, 2024
Basis of Allotment: Thursday, June 13, 2024
Initiation of Refunds: Friday, June 14, 2024
Credit of Shares to Demat: Friday, June 14, 2024
Listing Date: Tuesday, June 18, 2024
Cut-off time for UPI mandate confirmation: 5 PM on June 12, 2024
ixigo IPO Lot Size
Traders can place a minimum of 161 shares and can also do so in larger quantities. The table below shows the lowest and highest amount retail investors and high net worth individuals (HNI) are allowed to invest in shares and the corresponding value.
ixigo Grey Market Premium (GMP)
As of this moment, the Grey Market Premium (GMP) for ixigo stands at ₹48. This amount signifies the additional cost at which ixigo shares are exchanged in the grey market prior to their listing on the stock exchange. It’s crucial to remember that the GMP may vary and is not a recognized market signal. Therefore, it ought to be approached with care when making choices about investments.
ixigo’s Objects of the Issue
The firm intends to allocate the Net Proceeds for the following purposes:
Providing a portion of the necessary funds for the company’s working capital needs.
Purchasing cloud infrastructure and technology.
Supporting organic expansion through undisclosed acquisitions, as well as other strategic efforts and overall corporate objectives.
Axis Capital Limited, Dam Capital Advisors Ltd (formerly known as Idfc Securities Ltd), and Jm Financial Limited serve as the primary managers for the ixigo IPO, with Link Intime India Private Ltd handling the registration for the issuance.
