Ixigo IPO: If you are thinking of betting in an IPO, then there is good news for you. Next week, the IPO of another company is opening for investment. This IPO is of Travelnews Technology Limited, which operates the travel booking platform ixigo. The company’s IPO will open for investment on June 10. Investors can invest money in this issue till June 12. The price band has been fixed at Rs 88 per equity share to Rs 93 per equity share. Bids can be placed for a minimum of 161 equity shares and thereafter in multiples of 161 equity shares.
what are the details
The anchor investor bid date was Friday, June 7. Let us tell you that it has raised ₹333 crore from anchor investors. Travenews Technology Limited plans to raise up to Rs 740 crore through IPO. The Gurugram-based company’s IPO consists of fresh shares worth Rs 120 crore and an offer for sale (OFS) of 6.66 crore shares worth Rs 620 crore by existing shareholders. Thus the size of the public issue comes to Rs 740 crore.
According to the statement, the company will use this amount to meet working capital requirements, invest in technology as well as data science, grow through acquisitions and for general operating purposes. The book running lead managers for the ixigo IPO are Axis Capital Ltd, Dam Capital Advisors Ltd (formerly IDFC Securities Ltd) and JM Financial Ltd, with Link Intime India Pvt Ltd acting as the registrar.
What’s going on GMP?
Ixigo IPO GMP today or gray market premium is Rs 28. According to InvestorGain.com, it states that Ixigo’s share price was trading at a premium of ₹28 in the gray market. Considering the upper band of the IPO price band and the existing premium in the gray market, the expected listing price of ixigo IPO could be at ₹121, which is 30.11% higher than the IPO price of ₹93.
