After the debut of Easemytrip in March, we are expecting the next online travel site, Ixigo to launch its initial public offering. Ixigo IPO will be coming probably in FY 22.
Ixigo chose Kotak mahindra Capital, ICICI Securities, Axis Capital and Nomura as the advisors for the firm to do the following procedures for the IPO.
What does Ixigo earn from?
Ixigo is Gurgaon based online travel company that focuses mostly on the train utility and ticketing segment. They are also big players in the flight and bus category as they have 38 million monthly unique visitors. AI-based online travel site Ixigo, backed by Sequoia Capital and Elevation Capital recently acquired Bangalore-based online train booking platform Confirmtkt. Aloke Bajpai who founded Ixigo in 2007 will join markets soon as they have filed for IPO and will be coming in few weeks.
They are going to raise ₹1,500 crores to ₹1,800 crores as per listings at NSE and BSE. They have shortlisted few investment banking firms to do further proceedings for them as per the reports.
EaseMyTrip, Yatra, and Booking.com are the big competitors for Ixigo. After seeing the successful subscription Easemytrip IPO (70.40 times in the retail category, 77.53 times in QIB, and 382.21 times in the NII category) we can expect good subscriptions for Ixigo IPO too.
What are the Objectives for Ixigo IPO?
Through this IPO the plan of the company is to give partial exit to the initial investors of the company. The company is planning for more acquisitions and development.
Let’s see how they roll this IPO and how they perform in listed markets. Many IPOs are lined up back to back for Indian investors this FY 2022. Here you can see the IPO calendar for April and select which company to invest.
We will keep you updated throughout IPO process of Ixigo and other upcoming IPOs.