Le Travenues Technology Ltd the company behind the popular travel booking platform Ixigo, launched its initial public offering (IPO) today. This means that Ixigo is now offering its shares for purchase by the general public for the first time.
Here’s a quick breakdown of the Ixigo IPO:
- Subscription Dates: June 10th to June 12th, 2024
- Price Band: ₹88 to ₹93 per share
- Minimum Investment: ₹14,973 (for a lot of 161 shares)
- Listing Date: Expected to be June 18th, 2024 (tentative)
As of today, reports suggest Ixigo’s GMP is around ₹23 per share. This means some people in the unofficial market believe the share price could be ₹23 higher than the highest price band of ₹93 after listing. However, it’s important to remember that GMP is unofficial and not a guarantee of future performance.
Financial experts have offered different opinions on the Ixigo IPO. Some analysts recommend subscribing for the long term, citing Ixigo’s leadership in the online travel market and the growing trend of online bookings. They believe the company’s strong financial performance and future growth potential make it a good investment.
However, other analysts point out that the issue price might be a bit high compared to some competitors. They suggest considering the company’s valuations and your own investment goals before subscribing.
Here are some key factors to consider before making a decision:
- Ixigo’s Financial Performance: Look at the company’s past revenue, profit, and growth.
- The Online Travel Market: Is it a growing market with potential for future expansion?
- Valuation: Is the price per share reasonable compared to similar companies?
- Your Investment Goals: Are you looking for short-term gains or long-term growth?
Remember, investing in the stock market always involves risk. It’s important to do your own research and understand the risks involved before making any investment decisions.
Final Thoughts:
The Ixigo IPO is a chance for investors to be a part of a growing travel tech company. However, it’s crucial to weigh the risks and rewards carefully before subscribing. Consider seeking professional financial advice if needed.
