Ixigo IPO Details: Key Information and Dates for Investors

Le Travenues Technology, the parent company of travel aggregator Ixigo, will launch its initial public offering (IPO) on June 10. The company will announce the price band for the issue on June 5, and the IPO will close on June 12.

Ixigo IPO Details:

The IPO includes two components:

• Fresh issuance of equity shares worth ₹120 crore.
• Offer-for-sale (OFS) of 6,66,77,674 equity shares by existing shareholders.

Selling Shareholders in the OFS:

• SAIF Partners India IV
• Peak XV Partners Investments V
• Aloke Bajpai
• Rajnish Kumar
• Micromax Informatics
• Placid Holdings
• Catalyst Trusteeship
• Madison India Capital HC

SAIF Partners and Peak XV are the company’s largest shareholders, holding stakes of 23.37% and 15.66%, respectively.

The anchor book of the public issue will open for a day on June 7.

Axis Capital, DAM Capital Advisors, and JM Financial are the book-running lead managers for the issue.

Company Background:

Le Travenues Technology, founded in 2006, operates as an online travel agency under the brand name ‘Ixigo.’ The platform permits travelers to book train, flight, and bus tickets and hotels.

Ixigo boasts the highest app usage among its peers, with a cumulative 83 million monthly active users across its apps.

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