š IPO GMP 06 JUNE 2024 š
Online travel platform ixigo’s parent company Le Travenue Technology will open its IPO on June 10. The company has set a price range of ā¹88 to ā¹93 per share for the IPO. Investment in ixigo’s IPO can be made until June 12. The IPO will open for anchor investors on June 7. (Ixigo Limited Segment)
The company will issue 120 crore new shares in its IPO. Existing shareholders and investors will offer to sell 6.67 crore shares in the price band. The total value of these shares at the upper price band will be around ā¹620 crore. Therefore, the total size of the IPO will be ā¹740 crore.
Shareholders of ixigo who have offered to sell shares include Safe Partners India IV, Peak15 Partners Investment V, Alok Bajpai, Rajneesh Kumar, Micromax Informatics, Placid Holdings, Catalyst Trusteeship, and Madison India Capital HC.
Ixigo is a technology-based travel company focused on booking and planning travel through rail, air, bus, and hotels. The company posted a net profit of ā¹23.4 crore in FY23. The company had incurred a loss of ā¹21.09 crore the previous year. In FY23, the company’s operating profit increased by 32% to ā¹501.3 crore.
In the first nine months of FY24, the company’s net profit increased by 252.1% to ā¹65.7 crore, compared to ā¹18.7 crore in the same period of the previous financial year. Meanwhile, the company’s revenue increased by 34.8% to ā¹491 crore in the first nine months of FY24.
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