Ixigo IPO subscription: The general elections are over, the surprising results are out and the markets, after they swooned on June 4, are back on track as the losses have all been clawed back. And with the markets recovering their spirits, they are signalling that the initial public offering (IPO) space is likely set for some good times. The first in the arena for testing that theory out will be Le Travenues Technology, travel aggregator Ixigo’s parent company. Ixigo IPO subscription is all set to open on Monday, June 10 and the last date for the same will be June 12. Here we list all the necessary information that investors should look at before putting up their funds.
The Ixigo IPO is made up of a fresh issuance of equity shares worth Rs 120 crore. There is a an offer-for-sale (OFS) component too with existing shareholders (SAIF Partners India IV, Peak XV Partners Investments V, Aloke Bajpai, Rajnish Kumar, Micromax Informatics, Placid Holdings, Catalyst Trusteeship and Madison India Capital HC) looking to shed as many as 6,66,77,674 equity shares. The two largest shareholders are SAIF Partners and Peak XV and their respective holdings are as high as 23.37 per cent and 15.66 per cent. The total public offering is worth just over Rs 740 crore.
Ixigo IPO anchor investors
The ixigo IPO raised as much as Rs 333 crore from anchor investors on Friday. These investors include Morgan Stanley, Nomura, 3P India Equity Fund, Motilal Oswal MF, HDFC MF, Tata Investment Corp, and Govt of Singapore.
This was revealed by Ixigo on Friday in an exchange filing saying, “The IPO Committee of the company… finalised allocation of 35,811,405 equity shares, to anchor investors at anchor investor allocation price of Rs 93 per equity share.”
Total allocation for anchor investors were 35,811,405 equity shares and 33.75% went to SBI Magnum Children’s Benefit Fund, HDFC Mutual Fund, Whiteoak Capital Flexi Cap Fund, and Motilal Oswal Large Cap Fund.
It should be noted by investors that Ixigo pre-IPO secondary placement has also been concluded at Rs 176.2 crore – the same was announced a day before the anchor book opened. This was done at the upper end of the price range.
Ixigo IPO GMP today
One of the factors that investors would be keen to keep an eye on is the Ixigo IPO GMP today and over the course of the offering till it lists. GMP refers to the current or grey market premium. According to investorgain.com, ixigo IPO GMP today is at a positive Rs 28.
Investors would also want to know about Ixigo IPO allotment date and that will be revealed soon.
About Le Travenues Technology
Founded in 2006, this online travel agency allows users to book their tickets on flights, trains and buses. This also spans booking tickets on hotels too. The company also uses both artificial intelligence and machine learning to boost its platforms. Reports indicate that Ixigo has a cumulative 83 mn monthly active users.
The stated purpose of the Ixigo IPO is to further invest in cutting-edge technology (Rs 26 cr), meet working capital needs (Rs 45 cr), drive inorganic growth and general business objectives.
Ixigo IPO lead managers
Ixigo IPO book running lead managers are Axis Capital, DAM Capital, and JM Financial. Ixigo IPO registrar is Link Intime India Private Ltd.
Ixigo IPO in brief
Ixigo IPO opens for subscription on June 10
Ixigo IPO will close on June 12
Ixigo price band: Rs 88 to Rs 93 per share
Ixigo IPO size: Rs 740.1 cr (OFS Rs 620.1 cr, fresh issue Rs 120 cr)
Ixigo IPO anchor investors: Bids opened for a day on June 7 and garnered Rs 333 cr.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
From Ixigo IPO subscription, price, to listing date, know all about this travel aggregator’s initial public offering. Also check Ixigo IPO GMP today. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
