Ixigo IPO subscribed 2 times on day 1: Check price band, listing date and other key details

The initial public offering of Le Travenues Technology, which operates the online travel platform Ixigo, witnessed strong demand from the investors on the first day of subscription on Monday, June 10. The Ixigo IPO was booked nearly two times on the first day of bidding.

Ixigo Ltd IPO received bids for 8.51 crore shares against 4.37 crore shares on offer, as per the NSE data. The issue was overall subscribed 1.95 times on the first day of bidding.

Retail investors led the demand for Ixigo IPO as they placed bids for 4.9 crore shares compared to the 79.58 lakh shares reserved for the category, leading to a subscription of 6.17 times.

The Non-Institutional Investors (NIIs) bid for over 3.31 crore shares compared to the 1.19 crore shares set aside for them and the issue was subscribed 2.78 times in the NIIs’ segment.

The Qualified Institutional Buyers’ (QIBs) segment was booked 12% with bids for 28.83 lakh shares compared to 2.38 lakh shares reserved for the segment.

To know more and apply for Ixigo IPO, CLICK HERE

Ixigo IPO offer size, price band and other details

Ixigo IPO, valued at ₹740.1 crore, consists of a fresh issue of 1.29 crore shares aimed at raising ₹120 crore and Offer-For-Sale (OFS) component of 6.67 crore shares amounting to ₹620.1 crore.

Ixigo IPO price band has been set at ₹88 to ₹93 per share. Retail investors can bid for a minimum lot size of 161 Shares which amounts to a minimum investment of ₹14,973.

The public issue has three book running lead managers: Axis Capital Limited, Dam Capital Advisors Ltd (Formerly IDFC Securities Ltd) and JM Financial Limited. The registrar for the issue is Link Intime India Private Ltd.

Ixigo IPO dates

The subscription window for Ixigo IPO is open till Wednesday, June 12. The share allotment status for Ixigo IPO is likely to be finalized on Thursday, June 13. Bidders who have bid successfully will receive the shares in their demat accounts on Friday, June 14 and refunds will be initiated for unsuccessful bidders on the same day. Shares of Ixigo are likely to debut on the BSE, NSE on Tuesday, June 18.

Ixigo IPO objective

The travel company plans to use the money raised via the IPO for partly funding its working capital requirements. The funds raised through the public issue will also be used for investing in cloud infrastructure and technology along with funding inorganic growth through acquisitions and other strategic initiatives and general corporate purposes.

About Ixigo Limited

Ixigo (Le Travenues Technology Limited) is an online travel agency (OTA) and offers travelers services which aid them in booking train, flight, and bus tickets as well as hotels via its OTA platforms. The company employs 486 employees and four consultants as of December 31.

To know more about IPOs listing, schedule and upcoming IPOs, click here