Ixigo IPO

Ixigo (Le Travenues Technology Pvt Ltd) was founded in 2007 by Aloke Bajpai and Rajnish Kumar, who are known for their innovative ideas and out-of-the-box thinking. Many others followed them along the way, and ixigo now has a solid base. Ixigo IPO will hit market in February 2022.

About

They are a digital company dedicated to assisting Indian travellers in planning, booking, and managing their journeys through train, air, buses, and hotels.

They use artificial intelligence, machine learning, and data science-driven technologies across their OTA platforms, which include their websites and mobile apps, to help passengers make better travel decisions.

Their goal is to become the most customer-centric travel company by providing the finest possible service to their customers.

Their approach on travel utility and client experience for the next billion user group is powered by technology, cost-efficiency, and their culture of innovation, making them India’s top travel ecosystem.

Services

Their OTA systems enable travellers to book train tickets, flight tickets, bus tickets, hotels, and cabs.

While They also offering travel utility products and technologies based on in-house specialised algorithms and crowd-sourced data, such as train PNR status and confirmation forecasts, train seat availability notifications, train running status notifications and delay forecasts, flight status notifications, bus ETA forecasts, and more.

Their team is made up of techies, product people, content curators, marketing gurus, and innovative designers who are all passionate about what they do. You may wonder what ties us together.

Operation

With a specialization on localised content and app features that strive to solve travel challenges, they are the premier travel ecosystem for the “next billion users.”

In contexts of rail bookings between the OTAs and B2C distributors of IRCTC, they are the biggest Indian OTA in the online train bookings section, and their train-centric mobile applications, ixigo trains and ConfirmTkt, were jointly the renowned B2C distribution systems for IRCTC with 42 percent market share.

With a 10% market share in digital bus ticket bookings, their bus-focused app, AbhiBus, was India ‘s second biggest bus-ticketing OTA. With a market share of 12% in online air reservations, they are also India’s third biggest flight OTA.

Competitors

Ixigo, which competes with Yatra, easymytrip and Booking.com, assists consumers in planning, booking, and tracking journeys, as well as providing real-time pricing and availability for airlines, trains, buses, cabs, hotels, and destinations.

However, International travel will continue to be difficult for some time due to varying regulations in host nations, but after active vaccination drives around the world, one can expect a rebound in the fourth quarter of 2021.

Ixigo IPO

Le Travenues Technology Limited (Ixigo), headquartered in Kolkata has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 1600 Crore on 12 August 2021.

The Offer includes 750 Crore value fresh equity shares and There is an offer for sell(OFS) of 850 value equity shares by the principal shareholders mentioned in the DRHP.

They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.

Financials Trends

Basic and Diluted Earnings Per Share

Objects of the Issue

• Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
• To meet common corporate objectives.

Basis of the offer

The following are some of the basic parameters that contribute into determining the Offer Price:

• Market leader with a strong presence in the underserved “next billion user” category.
• Artificial intelligence (AI) and technology-driven business
• With a user-first strategy, a powerful retail travel brand has been created.
• Unit economics are strong, thanks to significant operational leverage and an organic flywheel.
• Management personnel with deep expertise and a lean organisational structure.

Ixigo IPO Peer Comparison

There are no publicly traded businesses in India that operate in a similar industry to theirs. As a result, providing an industry comparison in respect to their Company is not feasible.

Ixigo IPO Details

Ixigo IPO Date

Ixigo IPO opening date is February 2022, and the closing date is February 2022. The issue may list in February 2022.

Basis of Allotment

Ixigo IPO Allotment Status

Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.

Here, you can find the Allotment Status of Ixigo IPO .

Ixigo IPO GMP

Ixigo IPO Grey Market Premium is 0.

Ixigo IPO Review

Ixigo IPO review will depend on the price band. Whenever it will be announced we will update you regarding review of this IPO is good or bad.

Ixigo IPO Risk

• The COVID-19 epidemic has had and will continue to have a significant negative impact on the tourism sector and their company.
• A widespread decrease or interruption in the travel sector might have a significant and negative impact on their operations.
• Processing, storing, using, and disclosing personal data puts them at risk of internal or external security breaches, which might result in liability.
• They have a history of net losses, and they expect their costs to rise in the future. Any future losses might have a negative impact on their business.
• Their attempts to recruit customers through sales and marketing may be unproductive, or they may not reach the Customer Acquisition Cost they expect.

Other Threats

• They are subject to privacy rules, and complying with these regulations might be time-consuming and costly.
• This Draft Red Herring Prospectus’ Proforma Unaudited Financial Details is not representative of their future financial situation.
• Inability to adequately manage their development and expansion might have a significant negative impact on their company.
• their Company and its subsidiaries are the subject of ongoing legal actions. Any negative result might have a negative influence on their reputation.
• Changes in Internet search engine algorithms may have a detrimental impact on them.
• In their audited accounting records, their Statutory Auditors have included an attention of issue.

Ixigo IPO Brokerage views

• Yes Securities : Not Updated
• Choice Brokering: Not Updated
• Axis Securities: Not Updated
• IIFL Securities: Not Updated
• Trade swift: Not Updated
• Anand Rathi : Not Updated
• ICICI Securities: Not Updated

Ixigo IPO Subscription Status

Principal Shareholders

• SAIF Partners
• SCI Investments

Principal Shareholders’ Holding