The online travel platform Ixigo is launching its IPO (Initial Public Offering) on June 10th, 2024. This means Ixigo will be selling shares to the public for the first time. If you’re considering investing in Ixigo, here are 10 important things to know from their public offering documents to help you decide:
- IPO Dates and Price: The subscription period for Ixigo’s IPO will be open from June 10th to June 12th, 2024. The price per share will be between ₹88 and ₹93.
- IPO Size and Purpose: Ixigo aims to raise ₹740 crore through the IPO. This includes ₹120 crore from issuing new shares and ₹620 crore from existing shareholders selling their shares. The company plans to use the money raised for various purposes, including improving their technology and expanding their services.
- How to Apply: If you’re interested in buying Ixigo shares, you’ll need to apply through a broker or your bank. The minimum investment amount will be around ₹14,973 for 161 shares (the minimum lot size for retail investors).
- Financials: Ixigo’s total income has been increasing. In the year ending March 2023, they reported a total income of ₹517 crore, up from ₹385 crore the previous year. They’ve also turned a profit of ₹23.4 crore in the latest year, compared to a loss in the previous year. However, it’s important to remember that past performance doesn’t guarantee future results.
- Business Model: Ixigo is an online travel agency, which means they help people book flights, trains, buses, and hotels. They earn money through commissions from airlines, railways, hotels, and other travel companies.
- Risks: Like any investment, there are risks involved in buying Ixigo shares. One major risk is their dependence on agreements with other companies, like IRCTC for train bookings. If these agreements end, it could hurt their business.
- Competition: Ixigo faces competition from other online travel agencies like MakeMyTrip and Cleartrip. The success of Ixigo will depend on their ability to compete effectively in this crowded market.
- Management Team: Before investing, it’s a good idea to research the experience and qualifications of the company’s management team. Ixigo’s founders, Aloke Bajpai and Rajnish Kumar, have experience in the travel industry.
- Market Conditions: The overall stock market conditions can also impact the price of Ixigo shares. It’s wise to consider the current market situation before making any investment decisions.
- Expert Advice: While these points give you a good starting point, it’s always recommended to consult with a SEBI-registered financial advisor before investing in any IPO. They can help you understand the risks and benefits involved and make informed investment decisions based on your individual financial goals.
Remember, this information is just a summary to help you learn more about Ixigo’s IPO. It’s crucial to do your own research and carefully consider all the risks involved before investing.
