There is an opportunity again for those who invest in IPO. The initial public offering (IPO) of online travel booking company Le Travenues Technology Limited, known by the brand name ixigo, opened for subscription on Monday (June 10). ixigo is a technology company. It provides Indian travelers the facility to plan, book and manage their trips in rail, air, bus and hotels. According to the news, ixigo is the largest Indian train ticket distributor in the online travel agency rail market and had the largest market share of about 51% in terms of rail booking among online travel agencies as of March 31, 2023.
ixigo ipo date
Subscription for ixigo IPO is open from June 10 to June 12 at 4:50 pm. The allotment of ixigo IPO is expected to be finalized on June 13 and the IPO will be listed in the market on June 18. The price band of ixigo IPO has been fixed at ₹88 to ₹93 per share.
The lot size of the IPO is 161 shares and retail investors will have to put in a minimum of ₹14,973. The ixigo IPO size is ₹740.10 crore. It consists of a fresh issue of 1.29 crore equity shares, aggregating to ₹120 crore. There is an offer for sale (OFS) of 6.67 crore shares, aggregating to ₹620.10 crore.
raised ₹333 crore from anchor investors
The company has raised ₹333 crore from anchor investors before the opening of this IPO. Axis Capital, Dam Capital Advisors Limited and JM Financial are the book performance lead managers to ixigo IPO. Link Intime India Private Limited is the registrar.
What is the GMP of ixigo IPO
According to Livemint, stock market observers say that the GMP (grey market premium) for the ixigo IPO on June 10 is ₹ 23 per share. This shows that ixigo’s equity shares are trading at ₹ 116 per share, up ₹ 23 in the grey market. This is 24.73% higher than the issue price of ₹ 93 per share.
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