Ixigo IPO GMP, Share Price, Lot Size, Allotment Date, News

Ixigo IPO GMP, Share Price, Lot Size, Allotment date, News will be discussed here. Aloke Bajpai and Rajnish Kumar, noted for their unique ideas and out-of-the-box thinking, launched Ixigo (Le Travenues Technology Pvt Ltd) in 2007. Many more followed in their footsteps, and ixigo today has a strong foundation. The initial public offering (IPO) of Ixigo will take place in 2021. Ixigo IPO GMP Share Price, Lot Size, Allotment date, News will be discussed here.

Ixigo IPO GMP Today

They are a digital organization focused on aiding Indian travelers with rail, plane, bus, and hotel trip planning, booking, and management. To assist consumers in making more innovative travel selections, they deploy artificial intelligence, machine learning, and data science-driven technologies throughout their OTA platforms, including their websites and mobile applications.

Its ambition is to become the most customer-focused travel business globally by offering the best possible service to its clients. Technology, cost-efficiency, and their culture of innovation drive their approach to travel utility and client experience for the next billion-user group, making them India’s leading travel ecosystem.

Ixigo Share Price Today

Travelers may purchase rail tickets, airplane tickets, bus tickets, hotels, and taxis using their OTA systems.

They also provide travel utility products and technologies, such as train PNR status and confirmation forecasts, train seat availability notifications, train running status notifications and delay forecasts, flight status notifications, bus ETA forecasts, and more, based on specialized in-house algorithms crowd-sourced data.

Techies, product folks, content curators, marketing experts, and imaginative designers make up their crew, and they’re all enthusiastic about what they do. You could be wondering what binds us.

Ixigo IPO Price Today
Ixigo IPO Price Today

Ixigo Share Allotment Date 2021

They are the primary travel ecosystem for the “next billion people,” specializing in localized content and app features to address travel difficulties.

They are the most prominent Indian OTA in the online train bookings section. Their train-centric mobile applications, ixigo trains, and ConfirmTkt were jointly the renowned B2C distribution systems for IRCTC with 42 percent market share in terms of rail bookings between the OTAs and B2C distributors IRCTC.

Their bus-focused app, AbhiBus, has a 10% market share in digital bus ticket reservations, making it India’s second-largest bus-ticketing OTA. They are India’s third-largest flight OTA, with a market share of 12% in online air bookings.

Competitors – Ixigo, which competes with Yatra, EaseMyTrip, and Booking.com, helps customers plan, book, and monitor trips while offering real-time price and availability for flights, trains, buses, taxis, hotels, and destinations.

International travel will remain challenging for some years owing to varied rules in host countries. Still, after aggressive vaccination programs throughout the globe, the fourth quarter of 2021 could see a resurgence.

Ixigo IPO Price Today

The Kolkata-based Le Travenues Technology Limited (Ixigo) has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO) of 1600 crores on August 12, 2021.

The Offer consists of 750 crores worth of new equity shares and an offer for sale (OFS) of 850 crores worth of equity shares from the primary shareholders listed in the DRHP.

The Issue’s Objects

  • Prepayment or repayment of all or a part of the company’s outstanding borrowings on a consolidated basis.
  • To achieve the company’s joint goals.
  • The offer’s foundation
  • Some of the main elements that go into establishing the Offer Price are as follows:
  • Market leader in the neglected “next billion users” area.
  • Technology-driven business and artificial intelligence (AI)
  • A tremendous retail travel brand has been established using a user-first approach.
  • Due to high operational leverage and an organic flywheel, unit economics are good.
  • Personnel with extensive experience in management and a lean organizational structure.

Ixigo IPO News Update

In India, there are no publicly listed companies in a comparable sector to theirs.

As a consequence, it is unable to provide an industry comparison for its company.

Allotment Status for Ixigo’s Initial Public Offering

According to the Offer for Sale and allotment of equity stocks, transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders according to the Fresh Issue. The status of the allocation, however, has yet to be disclosed.

Review of the Ixigo Initial Public Offering – The price band will determine the outcome of the Ixigo IPO GMP. We’ll keep you updated on whether this IPO is good or terrible as soon as it’s announced.

Ixigo Lot Size

The COVID-19 outbreak has had and will continue to affect the tourist industry and their business severely.

A significant and severe effect on their operations might result from a widespread drop or disruption in the tourism industry.

Processing, storing, utilizing, and exposing personal data exposes them to internal and external security breaches, putting them at risk of a lawsuit.

They’ve had a history of losing money, and they anticipate expenses to climb in the future. Any further losses might be detrimental to their company.

Their sales and marketing efforts to attract customers may be ineffective, or they may not achieve the Customer Acquisition Cost they intend.

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