Ixigo IPO Overview: Key Details, Allotment Status, Company Financials
ixigo: Company Overview
Founded in 2006, Le Travenues Technology Ltd, popularly known as ixigo, is a leading online travel agency (OTA) in India. The company offers a comprehensive range of services, including booking train, flight, and bus tickets, as well as hotel reservations. ixigo's user-friendly platform has established it as a preferred choice for travelers seeking convenience and competitive pricing.
IPO Details
ixigo's initial public offering (IPO) has generated significant interest among investors. Here are the key details:
| Subscription Dates | June 10, 2024 to Jun 12, 2024 |
| Listing Date | Jun 18, 2024 on BSE & NSE |
| Face Value | ₹1 per share |
| Price Band | ₹88 to ₹93 per share |
| Lot Size | 161 Shares |
| Total Issue Size | 79,580,900 shares (aggregating up to ₹740.10 Cr) |
| Fresh Issue | 12,903,226 shares (aggregating up to ₹120.00 Cr) |
Subscription Rates
The IPO received overwhelming response across all categories:
| Overall Subscription | 98.34 times |
| Retail Category | 54.85 times |
| Qualified Institutional Bidders | 106.73 times |
| Non-Institutional Investors (NII) | 110.53 times |
How to Check Allotment Status on BSE
Investors can check their allotment status on BSE by following below steps:
- Go to the BSE website
- Click on 'Equity' and then select ‘Ixigo’ from the dropdown menu
- Enter your application number and PAN.
- Click on ‘Search’ and you will be able to see the allotment status on your screen.
ixigo Shareholding Structure
Before the IPO, ixigo's shareholding structure was primarily composed of its founders, early investors, and employees.The below shareholding structure is post Series C funding round (Jul 26, 2021)
| Founder | 17.6% |
| Fund | 55.9% |
| Angel | <0.1% |
| Enterprise | 15.9% |
| Other Investors | 4.6% |
Company Financials
ixigo has shown robust financial growth over the years, supported by increasing user engagement and transaction volumes. The proceeds from the IPO are intended to further strengthen its financial position, funding working capital requirements, investing in cloud infrastructure and technology, and supporting potential acquisitions for inorganic growth.
| FY21 | FY22 | FY23 | |
| Operating Revenue (in ₹ Cr) | 136 | 380 | 501 |
| Total Expenses | 136 | 402 | 484 |
| Profit/Loss | 7 | -21 | 23 |
ixigo Product Offerings & Services
ixigo offers a wide range of travel-related services, making it a one-stop solution for travelers:
- Train Ticket Booking: Comprehensive train schedules, seat availability, and booking options.
- Flight Ticket Booking: Competitive fares, flight schedules, and booking facilities.
- Bus Ticket Booking: Seamless booking experience across various bus operators.
- Hotel Booking: Wide selection of hotels with user reviews and competitive pricing.