Ixigo Plans To Launch Its IPO Worth Rs. 750 Crore
Ixigo, India’s renowned online travel portal, is in the limelight for going public and is reportedly arranging to file its Draft Red Herring Prospectus (DRHP) with SEBI soon. Undoubtedly, the company is doing great in the grey market. Still, with the aim to expand its business operations, they plan to raise Rs. 750 crores via its primary issues of shares as a part of its Initial Public Offering (IPO). You should also know that LE Travaneus, highly regarded as Ixigo, has already filed a DRHP with SEBI for Rs. 1600 crore IPO. After this IPO, Ixigo unlisted share prices witnessed a surge allowing investors to earn high ROI in the future.
Let’s now talk about the upcoming IPO of Ixigo in this blog. Stride along with us.
Details About Ixigo Company
Established in 2007, Ixigo is a Gurugram-based travel booking portal focusing on bus, train, and flight bookings. The company allows its customers to get accurate deals discovery, user-specific recommendations, notifications about train delays, air-fare predictions, and other such add-ons to its core service offerings. The company empowers Indian travellers to plan, book, and manage their trips with the help of AI, machine learning, and data science-led innovations and offerings. The competitors of the company include EaseMyTrip, Yatra, and many other online booking websites.
An Overview Of Ixigo Pre-IPO Round
Whenever a company files for its IPO, it gives investors hope to earn a high return on their investment in the future. Since Ixigo has already filed for IPO with the market regulator to seek approval, it is hard to tell the exact time and date of when Ixigo’s IPO will hit the stock market. No doubt, people who have invested in Ixigo unlisted shares are very much concerned about its IPO share price in the future. As per the Draft Perspective filed by Ixigo, Aloke Bajpai, and Rajnish Kumar, the Board of Directors of Ixigo, is seeking to sell their holding via an IPO. Lately, the company raised Rs. 395 crore in a pre-IPO round conducted by Singapore Sovereign Wealth Fund GIC.
The Overall Performance Of Ixigo In The Grey Market
Since the news of the Ixigo IPO was released in the market, there has been a fluctuation in Ixigo unlisted share price. Retail investors who have bought Ixigo unlisted shares also plan to invest in its IPO to secure a high return on their investment. Therefore, it is important for people to know about the overall performance of Ixigo unlisted shares in the grey market. According to the company’s recent data, the current Ixigo unlisted share price is Rs. 95. Talking about the overall financial performance of the company, they recorded an operational revenue of Rs. 380 crores in FY22, which is far more than its FY22 operating revenue of Rs. 136 crores.
With this data, it is clearly visible that the company has witnessed a positive CAGR of 83.26% over the years, which seems to be profitable for any company. So, Ixigo’s performance in the grey market depicted a positive growth rate for the company. The company’s main motive behind the sale during an IPO is to expand its business. Also, the unlisted share price of the company didn’t depict a dip, so it shows a growth sign for investors.
Ixigo Foray Into IPO To Raise Rs. 750 Crores
Ixigo is already a famous online travel booking portal, making ticket booking easy for people. Today, the company is the fastest-growing business model with a vast customer base. Just like any other unicorn, Ixigo plans to launch its IPO worth Rs. 750 crores via its primary issues of shares during its Rs. 1,500-1,800 crore initial public offerings (IPO). According to the company, they might allow partial exit to investors during the listing. The company’s move to go public will significantly expand its brand value, business operations, and share prices. So, if you want to earn a high return on your investment in the long term, early investment in Ixigo unlisted shares should be your go-to investment choice.
Is It Beneficial To Buy Ixigio Unlisted Shares?
Online travel booking portal is one of the most developing sectors in India and worldwide. Ixigio, the most famous online travel booking portal, offers retail investors an opportunity to buy Ixigio unlisted shares before the company goes public. Moreover, you can also read about the previous years’ financials of the company, which greatly shows the positive growth of the company. Undoubtedly, Ixigio IPO offers an excellent opportunity to people to buy Ixigo pre-IPO shares to boost their investment portfolio.
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