Ixigo IPO GMP: The Initial Public Offering (IPO) of Le Travenues Technology Limited, popularly known as Ixigo, has garnered significant attention in the market. As a leading online travel booking platform in India, Ixigo’s IPO is anticipated to be a major event for both retail and institutional investors. This article provides a comprehensive overview of the Ixigo IPO, including details about its Grey Market Premium (GMP), company background, and FAQs.
Company Background
Ixigo is a prominent player in the Indian travel industry, offering a one-stop platform for booking flights, trains, buses, and hotels. Established in 2007 by Aloke Bajpai and Rajnish Kumar, Ixigo leverages artificial intelligence (AI) and machine learning (ML) to provide personalized travel recommendations and enhance user experience. Over the years, Ixigo has built a robust user base and a strong market presence, making it one of the most trusted travel apps in the country.
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IXIGO IPO Details
| IXIGO IPO Open: | June 10, 2024 |
| IXIGO IPO Close: | June 12, 2024 |
| IXIGO IPO Size: | Approx ₹740.10 Crores, 79,580,900 Equity Share |
| Fresh Issue: | Approx ₹120 Crores, 12,903,226 Equity Share |
| Offer for Sale: | Approx ₹620.10 Crores, 66,677,674 Equity Share |
| IXIGO Face Value: | ₹1 Per Equity Share |
| IXIGO IPO Price Band: | ₹88 to ₹93 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
IXIGO IPO Grey Market Premium (GMP)
Grey Market Premium (GMP) is an unofficial market where IPO shares are traded before they are officially listed on the stock exchanges. GMP gives an indication of the market sentiment and the potential listing price of the IPO shares.
As of the latest data, Ixigo’s IPO GMP has been fluctuating, reflecting the dynamic nature of market demand. Here is a snapshot of Ixigo’s GMP over the past week:
| Date | GMP (in ₹) |
|---|---|
| June 5 | 50 |
| June 6 | 55 |
| June 7 | 53 |
| June 8 | 57 |
| June 9 | 60 |
The GMP indicates a positive sentiment among investors, suggesting that Ixigo’s IPO might witness strong demand and a potential premium on the listing day.
Investment Rationale
- Strong Market Position: Ixigo is one of the leading travel booking platforms in India with a significant market share.
- Technological Edge: The use of AI and ML gives Ixigo a competitive advantage in providing a superior user experience.
- Growth Potential: The Indian travel industry is poised for growth, and Ixigo is well-positioned to capitalize on this trend.
- Diverse Revenue Streams: Ixigo’s business model includes multiple revenue streams, such as commission from bookings, advertising, and subscription services.
IXIGO Financial Performance
| Financial Year | Revenue (in ₹ Cr) | Profit/Loss (in ₹ Cr) |
|---|---|---|
| 2019 | 113 | -27 |
| 2020 | 152 | -40 |
| 2021 | 189 | -36 |
Despite the losses, Ixigo has shown consistent revenue growth, reflecting its expanding market presence and user base. The losses are attributed to investments in technology and marketing, which are crucial for long-term growth.
Risks
- Market Competition: The online travel industry is highly competitive, with major players like MakeMyTrip and Yatra.
- Regulatory Risks: Changes in government regulations affecting the travel industry could impact Ixigo’s operations.
- Economic Downturns: Economic fluctuations and events like the COVID-19 pandemic can adversely affect the travel industry.
Conclusion
Ixigo’s IPO presents a compelling opportunity for investors, given the company’s strong market position, technological capabilities, and growth prospects. However, potential investors should also consider the associated risks and perform due diligence before investing.
FAQs
1. What is Grey Market Premium (GMP)?
Answer: GMP is an unofficial trading market where IPO shares are bought and sold before their official listing on stock exchanges. It provides an indication of how the market perceives the IPO and the potential listing price.
2. How can I check the latest GMP for Ixigo IPO?
Answer: The latest GMP can be checked through financial news websites, IPO tracking platforms, or market analysts who regularly update GMP figures based on market trends.
In summary, Ixigo’s IPO is an event to watch, with a promising outlook reflected in its GMP and company fundamentals. Investors interested in tapping into the booming travel industry may find Ixigo’s offering an attractive addition to their portfolio.