{"id":38805,"date":"2024-06-10T09:47:38","date_gmt":"2024-06-10T04:17:38","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=38805"},"modified":"2024-06-10T09:56:42","modified_gmt":"2024-06-10T04:26:42","slug":"ixigo-ipo","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/ixigo-ipo\/","title":{"rendered":"ixigo IPO"},"content":{"rendered":"\t\t
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ixigo IPO is a book-built issue of Rs 740.10 crores. The issue is a combination of a fresh issue of 1.29 crore shares aggregating to Rs 120.00 crores and an offer for sale of 6.67 crore shares aggregating to Rs 620.10 crores.<\/span><\/p>

The IPO opens for subscription on June 10, 2024, and closes on June 12, 2024. The price band for the IPO is set at \u20b988 to \u20b993 per share and the minimum lot size for an application is 161 Shares.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Company Summary<\/strong><\/span><\/p>

Le Travenues Technology Limited was founded in 2006 and is an online travel agency (OTA) that enables travelers to book train, flight, and bus tickets as well as hotels via its OTA platforms under the brand name “ixigo”.<\/span><\/p>

The company’s list of services includes PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, alternative route or transportation planning, flight status updates, automated web check-in, bus running status, price and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts for flights, AI-based travel planning service and automated customer support.<\/span><\/p>

The various OTA platforms offered by ixigo include:<\/span><\/p>

The ixigo trains and Confirmtkt app: They facilitate the travel planning and booking process by enabling users to search for available train tickets for travel across India.<\/span><\/p>

ixigo-flights mobile app: It allows users to search and book all our travel products and services, including air tickets, train tickets, buses and hotels.<\/span><\/p>

Abhibus app: It allows users to check the amenities offered, compare booking prices, check bus schedules on the desired route, and use other facilities.<\/span><\/p>

The company recently launched ixigo PLAN, an intelligent, AI-based travel planner that helps travelers plan their trips with detailed itineraries and real-time destination information.<\/span><\/p>

As of December 31, 2023, the company had 486 full-time employees, and 4 consultants working under consultancy agreements.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Company Strengths<\/strong><\/span><\/p>

According to the F&S Report, they are the leading OTA for the \u2018next billion users\u2019 with the highest Monthly Active Users for mobile apps across all key OTAs as of September 2023.<\/span><\/p>

The number of transactions booked through their OTA platforms has increased at a CAGR of 139.43% from 8.56 million in Fiscal 2021 to 49.07 million in Fiscal 2023, and to 42.00 million and 36.47 million in the nine months ended December 31, 2023 and December 31, 2022, respectively.<\/span><\/p>

They use artificial intelligence, data science, and machine learning to transform their travel information and crowd-sourced data into business intelligence that enhances their travel offerings and improves their operating efficiency.<\/span><\/p>

The brand presence and loyalty amongst users are evident from the growth in Monthly Active Users, which has increased from 21.59 million in March 2021 to 44.20 million in March 2022, 62.83 million in March 2023, and 77.04 million and 62.01 million in December 2023 and December 2022, respectively.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Company Financials<\/strong><\/span><\/p>
Period Ended<\/b><\/strong><\/span><\/td>31 Dec 2023<\/b><\/strong><\/span><\/td>31 Mar 2023<\/b><\/strong><\/span><\/td>31 Mar 2022<\/b><\/strong><\/span><\/td>31 Mar 2021<\/b><\/strong><\/span><\/td><\/tr>
Assets<\/b><\/strong><\/span><\/td>678.71<\/span><\/td>585.93<\/span><\/td>538.47<\/span><\/td>185.07<\/span><\/td><\/tr>
Revenue<\/b><\/strong><\/span><\/td>497.10<\/span><\/td>517.57<\/span><\/td>384.94<\/span><\/td>138.41<\/span><\/td><\/tr>
Profit After Tax<\/b><\/strong><\/span><\/td>65.71<\/span><\/td>23.40<\/span><\/td>-21.09<\/span><\/td>7.53<\/span><\/td><\/tr>
Net Worth<\/b><\/strong><\/span><\/td>437.13<\/span><\/td>373.76<\/span><\/td>342.69<\/span><\/td>29.94<\/span><\/td><\/tr>
Reserves and Surplus<\/b><\/strong><\/span><\/td>399.83<\/span><\/td>334.17<\/span><\/td>303.22<\/span><\/td>-212.60<\/span><\/td><\/tr>
Total Borrowing<\/b><\/strong><\/span><\/td>43.36<\/span><\/td>0.54<\/span><\/td>2.73<\/span><\/td>14.94<\/span><\/td><\/tr>

Amount in \u20b9 Crore<\/span><\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Objectives of the IPO<\/strong><\/span><\/p>

Our Company proposes to utilize the Net Proceeds towards funding the following objects<\/span><\/p>