New Delhi: Today is a big day for markets with some of the new issues getting listed and others launching their subscriptions. This includes Ixigo IPO subscription launch, while investors will also be keeping a close eye on Kronox Lab Sciences IPO listing. Here we take a look at the launch of Ixigo IPO subscription. With the markets going back to their best levels on Friday, expectations are that investors will be keen to snap up some of these interesting shares listing today. With the new government being sworn-in yesterday without any hitch, markets will have one less thing to worry about and that spells good news for the initial public offering (IPO) space going forward. Ixigo, whose parent company is Le Travenues Technology, has been in the news and today it will roll out its subscription. While the opening day is June 10, the last date for the same will be June 12. Before investing their money, investors should look at at a number of things and decide accordingly. This also includes Ixigo IPO GMP, price, dates, and much more.
Ixigo IPO
The issue consists of a fresh issuance of Rs 120 crore worth of equity shares and there is also an offer-for-sale (OFS) component. Ixigo IPO is worth just over Rs 740 crore. 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 release as many as 6,66,77,674 equity shares. SAIF Partners and Peak XV respective holdings are 23.37 per cent and 15.66 per cent – they are the 2 of the biggest shareholders.
Notably, ixigo IPO has already raised as much as Rs 333 crore from anchor investors, including Morgan Stanley, Nomura, 3P India Equity Fund, Motilal Oswal MF, HDFC MF, Tata Investment Corp, and Govt of Singapore. The company had announced 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.”
There were as many as 35,811,405 equity shares reserved for anchor investors and of this as much as 33.75% went to SBI Magnum Children’s Benefit Fund, HDFC Mutual Fund, Whiteoak Capital Flexi Cap Fund, and Motilal Oswal Large Cap Fund. Do note that in Ixigo’s pre-IPO secondary placement concluded earlier at Rs 176.2 crore at the upper end of the price range.
Ixigo IPO will use the funds to further various objectives including investing in cutting-edge technology (Rs 26 cr), meet working capital needs (Rs 45 cr), drive inorganic growth and general business objectives.
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 GMP today
The grey market premium, which is not at all official, is something that investors should have a look at ahead of the launch of the IPO. Ixigo IPO GMP today, according to investorgain.com, is ruling at a positive Rs 23. The Ixigo price band is Rs 93. A firm date for Ixigo IPO allotment date will be announced too.
Ixigo parent company, Le Travenues Technology, was founded in 2006. It is an online travel agency that allows users to book their tickets on flights, trains, buses as well as hotels. The notable aspect is that Ixigo has hopped onto the artificial intelligence and machine learning bandwagon and is powering its platforms with these new technologies.
Travel aggregator Ixigo IPO subscription is slated for launch on Monday. Investors should check out Ixigo IPO GMP today. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
