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Ixigo IPO

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.



Ixigo IPO Details

Particular Details
IPO Opening Date June 10, 2024
IPO Closing Date June 12, 2024
IPO Allotment Date June 13, 2024
IPO Listing Date June 18, 2024
Price Band ₹88 to ₹93 per share
Total IPO Size ₹740.10 Cr
Fresh Issue ₹120.00 Cr
Offer for Sale ₹620.10 Cr
Lot Size 161 Shares
Minimum Investment ₹ 14,973
Listing At BSE, NSE

IPO Financials

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

How to apply in IPO via UPI on Dynami

A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App

Know before investing

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

Why should you invest in ixigo IPO?

Investing in the initial public offering of ixigo can be a rewarding choice due to the following aspects:

  • ixigo is the biggest online travel agency (OTA) for trains. The train-based apps, such as ConfirmTkt, account for a market share of 42% with respect to rail bookings in FY 21 for IRCTC.
  • The company has a successful track record in carrying out its operation, i.e., building, financing and running thermal power plants.
  • Its bus-related app, namely AbhiBus, emerged as the second greatest bus ticketing OTA during FY 21, with 10% of the market share.
  • The total number of app users of ixigo stood at 37.48 million on the basis of MAU (monthly active users) in March 2021. This marks the highest app usage among the OTA platforms.
  • Since its inception, ixigo has raised $ 82 millions through secondary share sales and $ 58 millions from investors in the primary market. This makes it one of the least funded customer tech startups to touch the financial market.

How to apply for Ixigo IPO ?

Retail investors need to apply for the IPO using UPI

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for Ixigo IPO and approve the payment on your UPI ID.

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Frequently asked questions

  • An IPO also known as initial pulic offering or stock launch is a process when a private company sale its shares to public for the first time. Learn more about IPO at our knowledge centre.

  • 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.