ixigo Files DRHP To Raise INR 1,600 Cr Through IPO

ixigo Files DRHP To Raise INR 1,600 Cr Through IPO

SUMMARY

ixigo's offer will include fresh issue of shares worth INR 750 Cr and offer-for-sale worth INR 850 Cr

ixigo recorded profit of INR 7.53 Cr in FY 21 as opposed to a loss of INR 26.6 Cr in FY 20

ixigo gave 8x return to its early investor MakeMyTrip

Gurugram-based online travel ticket aggregator Le Travenues Technology, which operates travel platform ixigo, has filed its draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise INR 1,600 Cr through an initial public offering. 

The IPO will consist of a primary component which will include an issue of fresh shares worth INR 750 Cr and an offer-for-sale, meaning allowing existing investors to offload their shares, amounting to INR 850 Cr. The issue is expected to give an exit opportunity to early investors like Elevation Capital (earlier called SAIF Partners) and Indian smartphone manufacturer Micromax. 

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.