Ixigo IPO Date, Financial Performance, GMP Today and More

Ixigo

Ixigo is an Indian travel app that helps people plan and book trips. It offers services like booking flights, trains, buses, and hotels. The app also provides information about train schedules, seat availability, and real-time status updates.

 Ixigo aims to make travel easier and more affordable by finding the best deals and offering cashback and discounts. Users can also find travel guides and tips within the app. It's popular for its user-friendly interface and helpful features, making it a go-to app for many travelers in India.

Ixigo IPO Date

Ixigo IPO begins for subscription on June 10, 2024 and ends on June 12, 2024123. Here is some information about IPO:

Price Band: The IPO price band is notified as ₹88 to ₹93 per equity share.

Issue Size: Total issue size of ₹740.10 crores, comprising a fresh issue of shares aggregating to ₹120.00 crores and offer for sale of shares aggregating to ₹620.10 crores.

Allotment Date: Allotment for the IPO is expected to be announced on June 13, 2024.

Listing Date: The listing of shares is expected to be on BSE and NSE on June 18, 2024.

Investor Categories: IPO are allocated 75% to qualified institutional buyers (QIBs), 15% to Non-Institutional investors, and 10% to retail investors.

So now, if you wish to apply, you can apply for a minimum of 161 shares so the amount needed for investment is around ₹14,973 approx. at the lower band of the price band. So these are details on the basis of the available latest information and it may change.

Ixigo Financial Performance

• Revenue Growth:

The total income of the company grew to ₹517 crore in the fiscal year ending March 2023 from ₹385 crore in the preceding fiscal year, showing robust revenue growth during the period.

• Profitability:

The company also noted an improvement in profitability from a loss of ₹21 crore in the preceding fiscal year to profitability of ₹23.4 crore in the fiscal year ending March 2023, showing improvement in operational efficiency and stability.

• Turnaround:

From loss making entity to profitability, it’s an astounding turnaround of the financial performance of Ixigo. Which means they have turned the business around with effective strategy initiatives and management.

• Financial Health:

With growing total income and the attainment of profitability, the overall financial health of Ixigo seems to be healthy. Improved financial parameters has led to resilience and sustainability of the company in the competitive landscape.

• Positive Trajectory:

The financial performance trajectory of Ixigo shows positive movement with robust revenue growth and profitability, which indicates an optimistic view of future prospects and growth stories for further expansion and success.

Ixigo IPO GMP Today

Ixigo IPO GMP Today means the difference between the price investors are ready to pay for ixigo shares in the grey market and the official price notified in the IPO. So, if the “GMP” is positive, then it means investors are ready to pay a premium.

For instance, if the official price is ₹93 per equity share and GMP is +28, then it means investors are ready to pay ₹121 per equity share in the grey market. This indicates high demand for ixigo shares in the grey market before they officially list on the stock market."

Ixigo IPO Risks

Here are the main risks associated with the Ixigo IPO:

The price they're asking for their shares might not reflect their actual value when they're listed on the stock market or later on.

Their train ticketing services depend on their deal with the IRCTC. If they lose that deal, it could seriously hurt their business, finances, and future prospects.

Shareholders of Ixigo IPO 

The list of shareholders selling shares through the Offer For Sale (OFS) in the Ixigo IPO:

• SAIF Partners India IV Ltd is selling up to 19,437,465 equity shares
• Peak XV Partners Investments V (previously known as SCI Investments V) sold up to 13,024,000 equity shares
• Micromax Informatics Ltd is selling up to 5,486,893 equity shares
• Placid Holdings is selling up to 3,048,375 equity shares
• Catalyst Trusteeship Ltd is selling up to 1,333,513 equity shares
• Madison India Capital HC is selling up to 447,428 equity shares
• Aloke Bajpai is selling up to 11,950,000 equity shares
• Rajnish Kumar is selling up to 11,950,000 equity shares

SAIF Partners and Peak XV are highlighted as major shareholders, holding 23.37% and 15.66% of the company's shares, respectively.