ixigo Postpones INR 1,600 Cr IPO Amid Negative Market Sentiment

ixigo Postpones INR 1,600 Cr IPO Amid Negative Market Sentiment

SUMMARY

Given the market sentiment, it doesn’t make sense to go for IPO right now: ixigo cofounder and group CEO Aloke Bajpai

Bajpai said that the online travel platform will rely on its free cash flow, given the volatility in the market right now

The Gurugram-based OTA received SEBI’s approval for the INR 1,600 Cr IPO in December 2021

Online travel aggregator (OTA) ixigo has put its plans for an initial public offering (IPO) on hold owing to the current macroeconomic environment.

Aloke Bajpai, the cofounder and group CEO of ixigo, told The Hindu BusinessLine that the company has put its INR 1,600 Cr IPO on the back burner for now as the time isn’t right for it.

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