ixigo Joins IPO Wave Amid Travel Tech Competition


ixigo's IPO opens today, following TBO Tek, Go Digit, and Awfis.

IPO Details

The IPO includes a fresh issue of INR 120 Cr and an OFS of 6.67 Cr shares worth INR 620 Cr, aiming to raise INR 740 Cr.

Competitive Landscape

ixigo faces competition from EaseMyTrip, MakeMyTrip, Yatra, and others but stands out with its profitability.

 Railway Ticketing Strength

Railway ticketing contributes 45.3% of ixigo’s revenue, with IRCTC partnership crucial yet risky.

Growth Strategy

ixigo aims to expand into air ticketing, hotels, and packages to diversify its revenue and reduce reliance on IRCTC.

Future Plans And Risks

Recently launched AI tool ixigo PLAN, started a new hotels business, and may pursue acquisitions to strengthen its market position.

ixigo IPO: The ‘Cockroach Startup’ Goes Public