Ixigo IPO Allotment Expected on June 13th, 2024
Booking Overwhelmingly Strong
The allotment for the ixigo IPO is expected to be finalized on Thursday, June 13th, 2024. The company's IPO got booked a total of 938 times as of June 11th, indicating overwhelming demand for its shares.
IPO Details
The Rs 740.10 crore initial public offering (IPO) of Ixigo Le Travenues Technology Ltd opened for public issue on Monday, June 10th, 2024. The IPO comprises a fresh equity sale of Rs 120 crore and an offer for sale (OFS) of 78,215,231 equity shares by the company's promoters and existing investors.
Strong Performance
Ixigo, a leading travel aggregator, has shown strong financial performance in recent years. The company's revenue grew by 39% in the financial year 2022-2023, and it reported a profit after tax of Rs 141.25 crore. The company's robust performance has attracted significant investor interest in its IPO.
Conclusion
The allotment of the ixigo IPO is expected to be finalized soon, and the listing of the company's shares on the stock exchanges is expected to take place in the coming weeks. The strong booking and investor interest in the IPO suggest that ixigo is well-positioned to capitalize on the growing travel market and continue its success in the years to come.
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