ixigo IPO Soars 48.5% on Stock Market Debut

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Strong Market Debut

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Impressive Opening Prices

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IPO Details

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Massive Subscription

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Anchor Investments

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Company History

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ixigo IPO Listing: Shares Make Stellar Debut, Lists At 48.5% Premium

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ixigo IPO Soars 48.5% on Stock Market Debut

Strong Market Debut

Le Travenues Technology, parent of ixigo, debuted strongly on stock exchanges with shares opening higher than the issue price.

Impressive Opening Prices

On NSE, ixigo shares opened at INR 138.10, a 48.5% jump from INR 93. On BSE, shares opened at INR 135, up 45.16%.

IPO Details

The ixigo IPO included a fresh equity issue worth INR 120 Cr and an offer for sale of 6.67 Cr shares.

Massive Subscription

The IPO received massive subscription over 98 times, driven by heavy bidding from various investor segments.

Anchor Investments

Ahead of the IPO, ixigo raised INR 333 Cr from 23 anchor investors, including SBI Magnum and Government of Singapore.

Company History

Founded in 2007, ixigo started as a travel search website and became an OTA in FY20, offering comprehensive travel services.

ixigo IPO Listing: Shares Make Stellar Debut, Lists At 48.5% Premium