ixigo IPO
ixigo IPO — date, price band, lot size & details 2024
ixigo listed on 18 Jun 2024 at ₹138.1, 48.5% above the ₹93 issue price.
Le Travenues Technology runs ixigo, an online travel platform for booking trains, flights, buses and hotels, with AI-led tools such as PNR predictions. Its total income was Rs 517.57 crore in FY2023.
Stock price
ixigo is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 10 Jun 2024
- Close 12 Jun 2024
- Allotment 13 Jun 2024
- Refund/credit 14 Jun 2024
- Listing 18 Jun 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 10 to 12 Jun, 2024 |
|---|---|
| Price Band | ₹88 – ₹93 |
| Face Value | ₹1 |
| Lot Size | 161 Shares |
| Issue Size | ₹740.1 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,973 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 161 shares at the ₹93 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 161 | ₹14,973 |
| Retail (max) | 13 | 2,093 | ₹1,94,649 |
| S-HNI (min) | 14 | 2,254 | ₹2,09,622 |
| S-HNI (max) | 66 | 10,626 | ₹9,88,218 |
| B-HNI (min) | 67 | 10,787 | ₹10,03,191 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 138.41 crore in FY2021 to Rs 517.57 crore in FY2023.
- 02Profit after tax was Rs 65.71 crore in the nine months to 31 December 2023, far above Rs 23.40 crore in FY2023.
- 03Net worth grew from Rs 29.94 crore on 31 March 2021 to Rs 437.13 crore on 31 December 2023.
- 04The source puts return on net worth at 15.26%.
- 05Rs 25.80 crore of the fresh issue was planned for cloud and technology.
Risks · 5
- 01Rs 620.10 crore of the Rs 740.1 crore issue was offer for sale.
- 02The pre-issue P/E was 148.87 at the upper band of Rs 93, based on EPS of Rs 0.62.
- 03The company made a loss of Rs 21.09 crore in FY2022, so profits are recent.
- 04Online travel is highly competitive, and borrowing rose to Rs 43.36 crore on 31 December 2023.
- 05The company has no identifiable promoter, and the post-issue market value at Rs 93 was Rs 3,603.04 crore.
Three years of numbers
All figures in ₹ crore, as reported in the ixigo offer document.
| Metric | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 678.71 | 585.93 | 538.47 | 185.07 |
| Total Income | 497.10 | 517.57 | 384.94 | 138.41 |
| Profit After Tax | 65.71 | 23.40 | -21.09 | 7.53 |
| NET Worth | 437.13 | 373.76 | 342.69 | 29.94 |
| Total Borrowing | 43.36 | 0.54 | 2.73 | 14.94 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the ixigo RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
ixigo IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹0.62 | ₹2.26 |
| P/E Ratio (x) | 148.87 | 41.12 |
| Market Cap at Offer Price (₹ Cr) | ₹9,856.50 | ₹2,704.00 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹93 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹111.11 Cr of the issue is earmarked to named objects.
About the company
It uses artificial intelligence, machine learning and data science on its websites and apps. Travellers can book tickets and hotels and use tools such as PNR status and confirmation predictions, seat availability alerts, train running status and delay predictions, bus running status and fare alerts.
The company has no identifiable promoter.
The IPO was Rs 740.1 crore, with Rs 120.00 crore of fresh issue and Rs 620.10 crore of offer for sale by investors and other shareholders. Rs 45.00 crore was planned for working capital and Rs 25.80 crore for cloud infrastructure and technology.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
125 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
Axis Capital
126 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Dam Capital Advisors Ltd
44 issues handledBest listing: Go Colors (+89.9%). Weakest: Metro Brands (-12.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of ixigo?
The current Grey Market Premium is ₹30, or 32% over the issue price.
What is the ixigo IPO price band?
₹88 to ₹93, on a face value of ₹1.
When is the allotment?
The basis of allotment is 13 June 2024, with listing on 18 June 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
