Open Account Now
Ixigo IPO
Le Travenues Technology Ltd IPO
Ixigo IPO Details
Le Travenues Technology Limited (Ixigo) is coming up with an ipo comprising a fresh issue of equity shares up to Rs. 1,200.00 million and an offer for sale of up to 66,677,674 equity shares.
The company business focuses on leveraging technology into the travel industry with the help of website and mobile apps. These platforms allows users to plan and make travel decisions with the help of AI, machine learning and data science led innovations.
With a vision of being a customer centric travel company their online platform allows customers to book train, flight, bus tickets, hotels tickets, make use of travel utility tools and services. these services are based on their internal algorithms and users sourced information that tells the PNR status, seat confirmation predictions, train seat availability alerts and running status, alternative route and mode of travel, personalized recommendations and alerts etc.
The net proceeds from the offer will be utilized to partly fund the working capital requirements, invest in the cloud infrastructure and technology, acquisitions, other strategic initiatives and general corporate purposes
Ixigo IPO Strengths
- The company's deep penetration into the 'next billion' user segment is a positive indicator of the corporation's future market endeavors for investors.
- Ixigo’s Monthly Active User (MAU) base and session engagement per user are markedly higher than all other prominent OTA platforms and standalone apps.
- Successful implementation of TARA, an AI-driven travel assistant. Based on deep learning modules and contextual awareness, TARA provides end-to-end resolution for user queries without human intervention.
Ixigo IPO Weaknesses
- Operational stability in the travel sector can be affected by external factors. For example, natural disasters, pandemic situations, climate etc.
- Ixigo is partnered with the Indian Railway Catering and Tourism Corporation (IRCTC), with its train booking services relying solely on that contractual agreement. IRCTC holds the OTA's core services. Needless to say, if this partnership falls through or is even put on hold temporarily, Ixigo may suffer substantial losses.
- A significant number of the services are dependent on external entities and companies and they in return grant commission and incentives. In case the commissions and incentives are reduced or eliminated the business will have an adverse effect.
- Some services are based on crowd sourced information and any misleading or false information may degrade the user experience resulting in loosing customer base
- The company have incurred losses in fiscal year 2022 due to increase in expense incurred towards their employee stock option scheme and covid pandemic. As the company anticipates further expenses, any losses will have a adverse effect on operations and financial condition.
- Highly competitive industry
Ixigo Revenue & Profit
+1.384 | 0.075 |
+3.849 | - 0.211 |
+5.176 | 0.234 |
10
8
6
4
2
0
Ixigo IPO Dates
| Open Date | To be announced |
| Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation of Refunds | To be announced |
| Credit of Shares | To be announced |
| Listing Date | To be announced |
Ixigo IPO Lot Size
| Minimum Lot Size | To be announced |
| Maximum Lot Size | To be announced |
Seize the Opportunity! Apply for Ixigo IPO
Free Demat Account Opening
Zero AMC Charges for First Year
Low DP Charges (Rs. 10 only)
Free IPO Report & Advisory
Ixigo IPO Subscription Breakup
| QIBs | To be announced |
| Non-Institutional Investors | To be announced |
| Retail Investors | To be announced |
How to Apply for Ixigo IPO?
Step 1
First, you need to visit the IPO section in our Choice FinX app.
Step 2
Then, click on the 'More' option to view the Invest in IPO section.
Step 3
Open the Ixigo IPO by tapping on it.
Step 4
You will see an option to subscribe that you need to click on apply button.
Step 5
Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.
Step 6
Next, verify your details and select the 'Subscribe' option to complete the bidding.
You have completed your bidding for the Ixigo IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.