The Ixigo IPO is set to hit the market soon and if you want to consider an IPO investment, make sure you know the Ixigo IPO fundamentals. This blog provides a comprehensive breakdown of everything you need to know to make informed IPO investment decisions.
About Ixigo
Le Travenues Technology Ltd., operating under the brand name "ixigo," is a leading online travel agency (OTA) established in 2006. They empower travellers across India to seamlessly book flights, trains, buses, and hotels through their user-friendly platforms.
What makes Ixigo stand out?
Ixigo goes beyond basic booking functionalities, offering a suite of valuable services to enhance the travel experience:
- PNR Status & Confirmation Predictions: Reduce travel anxiety with features like PNR status updates, seat availability alerts, and train delay predictions.
- AI-Powered Planning & Recommendations: Ixigo's innovative "ixigo PLAN" utilises AI to create personalised itineraries and suggest destinations based on your preferences.
- Travel Management at Your Fingertips: Manage your travel effortlessly through their user-friendly apps – ixigo trains, ixigo flights, Abhibus, and the recently launched ixigo PLAN app (available on Android and iOS).
- Unmatched User Reach: Ixigo boasts the highest app usage among Indian OTAs, with a staggering 83 million monthly active users as of September 2023 (data.ai).
Ixigo IPO fundamentals
- Issue Size: ₹740.10 Crore
- Fresh Issue: ₹120.00 Crore
- Offer for Sale (OFS): ₹620.10 Crore
- Price Band: ₹88 to ₹93 per Share
- Minimum Investment: ₹14,973 (for Retail Investors)
- Lot Size: 161 Shares
- Subscription Dates: June 10th - 12th, 2024
- Listing Date (Tentative): June 18th, 2024 (BSE & NSE)
Ixigo IPO financials
Ixigo's financials paint a promising picture, with a 34.46% revenue increase and a staggering 210.91% growth in profit after tax (PAT) between FY2022 and FY2023. The company plans to utilise the IPO proceeds for working capital needs, technology advancements, potential acquisitions, and strategic initiatives.
Ixigo IPO: should you invest?
As with any investment decision, careful consideration is crucial. Here are some factors to ponder:
- Market Position: Ixigo's strong user base and innovative features position it well in the competitive Indian travel booking market.
- Financials: The company's recent financial performance is encouraging, indicating growth potential.
- IPO Valuation: It's essential to compare the IPO price with industry benchmarks and Ixigo's future prospects.
- Risks: Consider factors like market volatility and increasing competition within the online travel booking sector.
Conclusion
The Ixigo IPO presents an exciting opportunity for investors interested in the booming online travel sector. By thoroughly researching the company's financials, market position, growth strategies, and associated risks, you can make a well-informed decision that aligns with your investment goals. Remember, consulting a financial advisor for personalised guidance is always recommended.
