Ixigo IPO: Price Band, GMP, and Key Details

Ixigo IPO: Price Band, GMP, and Key Details

Introduction
Ixigo, India’s leading travel aggregation platform, is set to launch its initial public offering (IPO) on January 25, 2023. Here’s a brief overview of the price band, GMP, and other crucial details about the IPO.

Price Band
The price band for the Ixigo IPO has been set at Rs 1850-1900 per share. Investors can bid for a minimum of 78 shares or a lot size.

GMP
The Grey Market Premium (GMP) for Ixigo shares has been hovering around Rs 30-50 per share. GMP refers to the premium at which shares are traded in the unofficial grey market before the IPO listing.

Key Details
Offer Size: Rs 1,600 crore
Issue Type: 100% offer for sale (OFS)
Issue Date: January 25-27, 2023
Listing Date: February 4, 2023
Market Cap: Rs 6,832 crore (at the upper price band)
Lead Managers: JM Financial, Kotak Mahindra Capital, and Nomura Financial Advisory and Securities (India)

Strengths
Dominant player in the Indian travel aggregation market
Wide network of travel partners and suppliers
Strong brand recognition and customer base
Potential for growth in the post-pandemic travel recovery

Risks
Competition from other travel aggregators and airlines
Dependence on third-party suppliers
Economic slowdown or travel disruptions

Recommendation
According to analysts, Ixigo’s IPO is expected to attract strong interest from investors due to its strong financials and growth potential. However, it is important for investors to carefully consider the risks before investing.