| IPO date | To be announced |
| Listing date | – |
| Price range | – |
| Minimum order quantity | – | (D)RHP | View |
Ixigo (Le Travenues Technology Limited) is launching its IPO. The IPO dates shall be soon announced.
What does Ixigo do?
Founded in 2007, Ixigo (Le Travenues Technology Limited) is a technology company focused on empowering Indian travelers to plan, book, and manage their trips across rail, air, buses, and hotels. The company is backed by SAIF Partners India IV, Peak XV, and Micromax.
The company’s Online Travel Agency (OTA) platforms allow travelers to book train tickets, flight tickets, bus tickets, and hotels while providing travel utility tools and services developed using in-house proprietary algorithms and crowd-sourced information, including train PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, alternate route or mode planning, flight status updates, automated web check-in, bus running status, pricing and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts for flights, AI-based travel itinerary planner and automated customer support services.
According to the F&S Report:
The company has the highest app usage among OTAs with 83 million Monthly Active Users cumulatively across our apps, as per data.ai in September 2023. The company is the largest Indian train ticket distributor in the OTA rail market and had the largest market share of around 51%, in terms of rail bookings, among OTAs, as of March 31, 2023.
What is the issue size of the Ixigo IPO?
The public offer of the company is a combination of a Fresh equity issue worth 120 crore and an offer for sale (OFS) worth 6,66,77,674 equity shares from the existing shareholders.
Financial Snapshot (₹ Crores)
| Financial Year Ended | Total Assets |
Revenue | Profit After Tax | EPS |
| March 2021 | 185.07 | 138.40 | 7.58 | 0.25 |
| March 2022 | 538.47 | 384.94 | (21.24) | (0.66) |
| March 2023 | 585.93 | 517.57 | 23.19 | 0.58 |
| December 2023 | 678.70 | 497.1 | 65.59 | 1.8 |
Risk factors to consider:
Dependence on IRCTC: The company’s train ticketing services depend on its agreement with IRCTC. The termination of the agreement with IRCTC could otherwise have a material adverse effect on the results of operations, cash flows, financial condition, and business prospects.
Highly competitive and incentive-based sector: The Indian OTA industry is highly competitive and the company may not be able to effectively compete in the future. There is also a risk of reduction or elimination of commission, incentive, and other compensation by some of the travel suppliers and this could adversely affect the business, cash flows, and results of operations.
How do I apply to the Ixigo (Le Travenues Technology Limited) IPO?
You can apply for the Ixigo (Le Travenues Technology Limited) IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for Ixigo (Le Travenues Technology Limited) IPO?
You can check the allotment status for the Ixigo (Le Travenues Technology Limited) IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.