Travel booking platform Ixigo is getting ready to go public! The company, which lets you book flights, hotels, and other travel arrangements, has set a price range of Rs 88 to Rs 93 per share for its initial public offering (IPO). This means that’s the expected price at which Ixigo’s shares will be sold to the public for the first time.
By going public, Ixigo is looking to raise Rs 1,600 crore, which is a large sum of money. The company can then use this money to invest in growing its business, for example by developing new features for its app or website, or expanding into new markets.
Ixigo’s journey so far
Ixigo is a well-known online travel platform in India. They offer a variety of travel booking options, including flights, hotels, holiday packages, and car rentals. The company has been growing quickly in recent years, and its IPO is expected to be one of the biggest in the Indian travel sector for 2024.
What’s next for Ixigo?
Ixigo’s IPO is expected to open for subscription on June 10th and close on June 12th. If you’re interested in investing in Ixigo, you’ll be able to do so during this time. However, it’s important to remember that investing in the stock market always carries some risk. So, it’s a good idea to do your research before making any investment decisions.
Overall, Ixigo’s IPO is a sign that the company is confident in its future growth. It will be interesting to see how the IPO goes and how the company performs in the coming years.