Ixigo is going to open its IPO on 10 June 2024, Monday. The company deals in providing hotels and travel booking services where you can manage all your travel needs in a single app. Establishing well in the market, the company is already done with its anchor investment round. The company has raised around ₹333 crores from the anchor investing. While the IPO amount is ₹740.10 crores. All the investors are eagerly looking for more details about this upcoming IPO.

Ixigo IPO

Ixigo IPO Opening Date, Closing Date, GMP, Anchor Investment, And More

Ixigo IPO is going to launch soon. The company will open its IPO on 10 June 2024, Monday and close on 12 June 2024, Wednesday at the face value of ₹1 per share. The price band for the shares is between ₹88 to ₹93 per share. In the middle of the upcoming IPO, several anchor investors are already done with fundraising for the company worth ₹333 crores. Nomura, Morgan, Stanley, 3P India Equity Fund, HDFC MF, Motilal Oswal MF, the government of Singapore, and Tata Investment Corporation are some major anchor investors in Ixigo’s pre-IPO round.

The company has a lot size of 161 shares going to list at both BSE and NSE. The company is offering 12,903,226 equity shares worth ₹120 crores. On the other hand, the offer for sales is 66,677,674 shares which aggregates to ₹ 620 crores approx. Ixigo has opened its share for the different categories of shareholders. It is providing around 75% to the QIB, 10% to the retail, and 15% to the NII (national institutional investors).

Ixigo also has its GMP value available for a few days. According to the sources, Ixigo started with a GMP of ₹ 28 on 6 June 2024. It remained the same value on 7 and 8 June as well. The company expects the allotment on 13 June 2024 with the listing date of 18 June 2024. Ixigo is performing well in the market and is profitable. The company recorded a net worth of ₹437. 13 crores for the period ending 31 December 2023.

Ixigo has become one of the best travel websites for the company. It has a pre-IPO EPS of 0.62 with a post-IPO EPS of 2.26. To conclude, Ixigo successfully executed its anchor investment round. It is already with its IPO round on 10 June 2024. Ixigo is looking for further expansion through the IPO funds. It has not mentioned the exact details about its fund utilisation yet. However, the company is planning to enter the deeper roots of the markets. It will share its further plans shorty. Stay tuned for more information on our website.

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