Ixigo IPO GMP Today: Grey Market Premium Zooms Ahead of Issue Opening

Ixigo IPO GMP Today: Grey Market Premium Zooms Ahead of Issue Opening

Keywords: Ixigo IPO, Grey Market Premium (GMP), Initial Public Offering (IPO)

Ixigo, a leading Indian online travel aggregator, is set to launch its initial public offering (IPO) on January 16, 2023. The grey market premium (GMP) for Ixigo shares has surged ahead of the issue opening, indicating strong investor interest.

As of today, January 13, 2023, the GMP for Ixigo shares is hovering around ₹85-90. This means that market participants expect the shares to list at a premium of ₹85-90 to the issue price of ₹185 per share.

The strong GMP is likely driven by several factors, including:
Ixigo’s strong brand recognition and market share in the online travel segment.
The company’s diversified revenue streams, including flight bookings, hotel bookings, and holiday packages.
The expected growth in the Indian travel market.

Analysts believe that Ixigo is well-positioned to benefit from the recovery in travel demand. The company’s focus on technology and innovation should also help it stay competitive in the online travel space.

However, investors should note that IPO GMP is subject to change and is not a guarantee of listing gains. It is important to conduct thorough research and consult with financial advisors before making any investment decisions.