Travel booking platform Ixigo is looking to raise money by taking the IPO route. 750 crores through initial fundraising. Also tried to recover Rs. 850 crores with an offer for sale. Its two existing investors, Elevation Capital and Micromax will partially exit through ixigo’s Rs. 1,600 crore IPO.
In the IPO of Ixigo, fresh equity shares of Rs 750 crore will be issued. At the same time, shares worth Rs 850 crore will be sold in Offer for Sale (OFS).
Online travel aggregator Ixigo is planning to launch its IPO soon. The company has submitted applications (DRHP) with the market regulator SEBI (SEBI) for this. The company will raise Rs 1600 crore through IPO. Apart from the issuance of fresh equity shares in the Ixigo IPO, promoters will also be able to sell their stake through an Offer for Sale (OFS). According to your information, Sequoia Capital, SAIF Partners, GIC, and Micromax have also invested in Ixigo.
Promoters will also be able to sell their stake through an offer for the sale of 850 crores.
According to DHRP, fresh equity shares worth Rs 750 crore will be issued in the IPO. At the same time, shares worth Rs 850 crore will be sold in Offer for Sale (OFS). 550 crore shares will be sold by SAIF Partners India IV in OFS. Whereas shares worth 200 crores will be sold by Micromax Informatics. At the same time, both Rajnish Kumar and Alok Bajpai will sell their shares worth 50 crores-50 crores. At present, Saif Partners holds a 23.97 percent stake in the company. Micromax holds a 7.61 percent stake in the company, Alok Bajpayee 9.18 percent, and Rajnish Kumar holds 8.79 percent.
The funds raised from the issue will be used by the company for its organic and inorganic growth. Along with this, some money will be spent on the needs of the general corporate. ICICI Securities, Axis Capital, Kotak Mahindra Capital, Nomura Financial Advisory, and Securities will be the Lead Managers for the issue.
Ixigo Company Financial Report
| ₹ in Crores | |||||
| Income | Expense | PAT |
|||
| 2019 | ₹43 | ₹100 | -₹57.35 | ||
| 2020 | ₹113 | ₹140 | -₹26.61 | ||
| 2021 |
₹138 | ₹136 | ₹7.53 | ||
Company Promoters
Our Company is a Professionally Managed Company and Does Not Have an Identifiable Promoter
Ixigo IPO Registrar
Link Intime India Private Limited
Ixigo company has a strong user base
Travel company Ixigo is a Gurugram-based company, which competes with companies like Easymytrip and Booking.com. The company has a strong base with 250 million users. Ixigo’s rival company Easemytrip launched an IPO of Rs 510 crore this year. Ixigo company informs its users about real-time prices and availability of flights, trains, buses, cabs, hotels, and destinations. Through this, you can book your trip as well as track it.
