Ixigo IPO To Open Next Week: Indian OTA Aims to Raise $89 Million
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Le Travenues Technology, the parent company of Indian travel aggregator Ixigo, will be launching its initial public offering (IPO) on June 10. The company announced on Wednesday that the INR 7.4 billion ($89 million)-IPO size, includes a fresh issuance of equity shares worth INR 1.2 billion ($14.4 million) (and an offer for sale of INR 6.2 billion ($74.4 million). The IPO price band ranges from INR 88 to 93 per share.
Ixigo had initially filed for an IPO to raise INR 16 billion ($192 million) in August 2021, and had received regulatory approval in December 2021.
Ixigo, which helps travelers plan, book, and manage trips across various modes of transportation and accommodation, filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in February and received
