Ixigo is a technology company focused on empowering Indian travellers to plan, book and manage their trips across rail, air, buses and hotels. The company assists travellers in making smarter travel decisions by leveraging artificial intelligence, machine learning and data science led innovations on their OTA platforms, comprising their websites and mobile applications. The company’s vision is to become the most customer-centric travel company, by offering the best customer experience to its users.
The company plans to raise Rs 1600 crore via IPO. The issue consists of a fresh issue worth Rs.750 crore and an offer for sale of up to Rs.850 crore. As a part of the offer for sale Aloke Bajpai is offloading equity shares worth Rs.50 crore, Rajnish Kumar is offloading shares worth Rs.50 crore, shares worth Rs.550 crore by Saif Partners India IV Limited and shares worth Rs.200 crore by Micromax Informatics Ltd.
The objective of the issue is to keep aside Rs.540 crore of the net proceeds to fund organic and inorganic growth and the rest for general corporate purposes.
Opening Date
Closing Date
Price Band
Issue Size
Face Value
Market Lot
Listing at NSE, BSE
| IPO Open Date | To be announced |
|---|---|
| IPO Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation Of Refunds | To be announced |
| Credit Of Shares To Demat Account |
To be announced |
| IPO Listing Date | To be announced |
| UPI Mandate Expiry Date | To be announced |
| Financial year | Total Assets in Rs. crores | Revenue from Operations in Rs. crores | Profit After Tax in Rs. crores |
|---|---|---|---|
| FY 2021 | 181.33 | 70.13 | 60.40 |
| FY 2020 | 135.56 | 111.60 | 40.36 |
| FY 2019 | 7.53 | 26.61 | 57.35 |
A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App
Investing in the initial public offering of ixigo can be a rewarding choice due to the following aspects:
| Strengths | Risks | ||
|---|---|---|---|
| Market leader with deep penetration in the underserved ‘next billion user’ segment | The train ticketing services depend on agreement with IRCTC. The termination in agreement can have a material impact on the business prospects | ||
| Strong unit economics with high operating leverage and organic flywheel | The high amount of personal data used and stored by the company could be victim to cyber-attacks and consequently the company could lose goodwill in the market | ||
| Strong consumer travel brand built with user-first approach | Some travel suppliers can eliminate or reduce the incentive or commission payable to the company for ticket sales. This can significantly impact the operations and cash flows of ixigo | ||
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A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.
IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.
Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.
You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.
IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as ‘capital gains’.
Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.
Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.
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Registration No: CA0581 | Company CIN : U65999DL2016PLC314319.
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