Ixigo IPO: Travel Platform CEO Aloke Bajpai Talks About The Public Listing of The Company

Ixigo IPO Updates: On June 10, Le Travenues Technology, which operates the travel platform Ixigo, opened for subscription for its initial public offering (IPO). The issue closes on June 12. On its first day, the IPO received 1.95 times as many subscriptions. According to NSE data, the company’s Rs 740 Cr IPO received bids for 8.5 Cr shares versus 4.37 Cr shares on offer. 

Ixigo IPO Details

Ixigo’s IPO consists of a fresh issue of shares worth Rs 120 Cr and an offer for sale (OFS) of 6.66 Cr shares. The price band for the IPO has been set at Rs 88 to Rs 93 per share. Ahead of its IPO, the company raised approximately Rs 333 Cr from anchor investors such as Morgan Stanley and Tata Investment Corp, among others.