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Ixigo’s Rs 740 cr IPO opens for subscription| Management on growth outlook & future plans| IPO Watch

Online travel platform Ixigo plans to raise Rs 740.1 crore through its initial public offering, which set to open on June 10. The IPO consists of a fresh issue of 1.29 crore shares totaling Rs 120 crore and an offer for sale of 6.67 crore shares amounting to Rs 620.1 crore. The price band is set between Rs 88 per share and Rs 93 per share. The minimum lot size for retail investors is 161 shares, requiring an investment of at least Rs 14,973. The company has raises Rs 333Cr via its anchor book. Some of the marquee investors who subscribed to Ixigo's anchor book include Nomura, Morgan Stanley, 3P India Equity Fund, HDFC MF, Motilal Oswal MF, Government of Singapore, Tata Investment Corp. Catch Nandita Khemka in conversation with Aloke Bajpai, Chairman, MD & Group CEO and Rajnish Kumar, Director & Group Co-CEO of the company.

first published: Jun 10, 2024 11:45 am