The ixigo IPO share allotment will be finalised on June 13. Investors who applied for the issue can check the ixigo IPO allotment status on the registrar's portal, Link Intime India Pvt Ltd.
The subscription for the ixigo IPO began on June 10 and concluded on June 12. By the final day of bidding, the IPO was subscribed 98.34 times.
Non-institutional investors subscribed the IPO 110.53 times, institutional investors 106.73 times, and retail investors 54.85 times on the final day. It was the 10th most subscribed IPO of 2024.
Investors can check the allotment status to determine if they have been allocated shares and see the number of shares awarded. The company will initiate the refund process for applicants who were not allotted shares. Allocated shares will be transferred to the demat accounts of the selected beneficiaries.
Also Read | ixigo IPO: Issue subscribed 97x on day 3, NIIs outpacing rest so far
The refund process for individuals not allotted shares will commence on June 14. Meanwhile, those who have been allotted shares will see them credited to their demat accounts on the same day.
The ixigo IPO is scheduled to be listed on June 18.
Steps to check ixigo IPO allotment status on the registrar's site
1. Visit the IPO registrar's website, Link Intime India Private Ltd, at this link.
2. Select the ixigo IPO from the dropdown menu. Its name will be available after the allocation is complete.
3. Choose the status view option by selecting either application no, demat account, or PAN.
4. Under "Application Type", select either ASBA or non-ASBA.
5. Enter the relevant details for the mode chosen in Step 3.
6. Complete the captcha and click the submit button to view your allotment status.
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The Gurugram-based ixigo IPO comprises a fresh issue of equity shares worth Rs 120 crore and an offer-for-sale (OFS) of 6.66 crore equity shares valued at Rs 620 crore by existing shareholders at the upper end of the price band. This totals to a public offering of Rs 740 crore.
The fresh issue's proceeds of Rs 45 crore will fund the company's working capital requirements, while Rs 26 crore will be invested in technology and data science, including cloud hosting, AI, and customer engagement. Additionally, the funds will support acquisitions and general business purposes.
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