Ixigo (Le Travenues Technology Ltd.) IPO opened for subscription on June 10, 2024, and will close on June 12, 2024. The Ixigo Share Price band for the IPO is set at ₹88 to ₹93 per share.
Important details of the Ixigo IPO:
- IPO Size: ₹740.10 crore
- Fresh Issue: ₹120 crore
- Offer for Sale (OFS): ₹620.10 crore
- Ixigo Share Price Target Band: ₹88 to ₹93 per share
- Lot Size: 161 shares
- Minimum Investment: ₹14,973
Ixigo IPO GMP:
The Grey Market Premium (GMP) for the Ixigo IPO is currently around ₹25. This means that Ixigo Share Price are trading at a premium of ₹25 over the issue price of ₹93 per share in the grey market.
Analysts View: There are mixed opinions about subscribe to or not to the Ixigo IPO. Few analysts believe that the company has strong growth potential, given its leading position in the Indian online travel market. On the other hand, some are concerned about the company’s profitability and high valuations.
Important factors to consider before subscribing to the Ixigo IPO:
- Growth Potential: Ixigo is one of the leading online travel agencies (OTAs) in India, with a strong brand presence and a large customer base. The company has been growing rapidly in recent years and is expected to continue to do so in the future.
- Profitability: Ixigo is not yet profitable, but it has been narrowing its losses in recent years. The company is expected to become profitable in the next few years.
- Valuations: Ixigo’s valuations are considered to be high by some analysts. However, others believe that the company’s growth potential justifies the high valuations.
About Ixigo (Le Travenues Technology Ltd.):
Ixigo (Le Travenues Technology Ltd.) is a leading Indian online travel company, having its headquartered in Gurugram and company was launched in 2007. Ixigo provides a platform for booking flights, trains, buses, and hotels.
Ixigo Important Features and Services to Consider:
- Travel Booking: Ixigo allows users to search, compare, and book tickets for various modes of transportation, including flights, trains, and buses. It also offers hotel booking services.
- Real-time Information: The platform aggregates real-time travel information, prices, and availability for different travel options, helping users make informed decisions.
- Predictive Analytics: Ixigo uses artificial intelligence and machine learning to provide features like PNR status prediction, train delay prediction, and personalized recommendations.
- Value-Added Services: The platform offers additional services like travel insurance, visa assistance, and holiday packages.
- Acquisitions: In recent years, Ixigo has acquired several companies, including Confirmtkt (a train discovery and ticketing platform) and AbhiBus (a bus ticketing and fleet management portal).
Conclusion: Ixigo has established itself as a key player in the Indian online travel market, offering a comprehensive platform for travel booking and related services. It has strong tech support. The use of technology and data-driven insights has helped it differentiate itself from competitors. With its recent IPO and acquisitions, Ixigo is well-positioned for further growth and expansion in the future.
Ultimately, the decision of whether to subscribe or not to subscribe for the Ixigo IPO depends on your individual risk tolerance and investment goals. It is always advisable to consult with a financial advisor before making any investment decisions.
Source: ixigo.com