IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

To be announced

About Company

The technology company, ixigo, was launched in 2007 with an aim to assist Indian travellers in managing, booking and planning their tours across hotels, buses, air and rail. It helps travellers to make smarter decisions through data science, machine learning and artificial intelligence-based innovations on its OTA platforms (apps and websites).

With its focus on cost-efficiency, customer experience and travel utility, it has emerged as a leading travel ecosystem in India. The travel utility services and tools have been developed using crowd-sourced information and proprietary algorithms. The company is headquartered in Gurgaon, Haryana. ixigo now plans to float an initial public offering to reach new heights.

Ixigo (Le Travenues Technology Ltd) IPO - Details

On 12 August 2021, ixigo filed its preliminary papers with SEBI (market regulator) to fetch Rs. 1,600 crores through a public offer. As per the DRHP, the offering will comprise Rs. 850 crores as an OFS (offer for sale) and Rs. 750 crores as a fresh issue of equity shares.

In this public offering, Micromax Informatics will offload shares worth Rs. 200 crores, and Saif Partners India IV has planned to sell shares amounting to Rs. 550 crores. Besides, Rajnish Kumar and Aloke Bajpai will sell Rs. 50 crores worth of shares each.

Investment bankers such as Nomura, Kotak Mahindra Capital, Axis Capital and ICICI Securities are associated with this initial share sale. Follow the chart below for more details on this public issue:

Ixigo IPO Objectives

Ixigo will use the proceeds from its initial share sale for the following purposes:

- For inorganic and organic growth initiatives.
- For corporate purposes.

Through this public issue, the company expects to enhance its brand name among potential and veteran users. Further, this initial share sale will mark a partial exit for Micromax and Elevation Capital.

Why should you invest in ixigo IPO?

Investing in the initial public offering of ixigo can be a rewarding choice due to the following aspects:

• ixigo is the biggest online travel agency (OTA) for trains. The train-based apps, such as ConfirmTkt, account for a market share of 42% with respect to rail bookings in FY 21 for IRCTC.

• Its bus-related app, namely AbhiBus, emerged as the second greatest bus ticketing OTA during FY 21, with 10% of the market share.

• The total number of app users of ixigo stood at 37.48 million on the basis of MAU (monthly active users) in March 2021. This marks the highest app usage among the OTA platforms.

• Since its inception, ixigo has raised $ 82 millions through secondary share sales and $ 58 millions from investors in the primary market. This makes it one of the least funded customer tech startups to touch the financial market.

IPO Financials

Financial Year Total Assets in Rs. crores Revenue from Operations in Rs. crores Profit After Tax in Rs. crores
FY 2021 181.33 135.56 7.53
FY 2020 70.13 111.60 26.61
FY 2019 60.40 40.36 57.35

Know before investing


  1. In July 2021, ixigo was recognised as the best online travel agency on the Google Play store, based on engagement and usage.

  2. The top management of this company is highly experienced and skilful, with industry-specific knowledge.

  3. The technology-related expenses of ixigo lead to lesser operational costs. As a result, the operating margin is higher, and it will reduce with the economies of scale.


  1. Some travel suppliers can eliminate or reduce the incentive or commission payable to the company for ticket sales. This can significantly impact the operations and cash flows of ixigo.

  2. At present, the competitors of this firm have extensive market shares.

  3. There can be a lack of proper coordination with travel entities.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

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Peer Comparison

Name of the Company Revenue in Rs. crores Gross Transaction Value in Rs. crores Monthly Downloads (expressed in lakhs) Employee Strength
EaseMyTrip 106 2,120 2 420
Yatra 120 1,470 1 2,000
MakeMyTrip 1170 11,700 8 3,200

Ixigo IPO FAQs

What is the ticketing revenue of ixigo in FY 21?

The ticketing revenue of ixigo is Rs. 126 crores in FY 21, marking a 107% YoY jump.

What is the advertisement revenue for ixigo in FY 21?

The advertisement revenue for ixigo declined from Rs. 11 crores in FY 20 to Rs. 7 crores in FY 21. The COVID-19 outbreak has significantly affected this figure.

What about the app rating and app reviews of ixigo in FY 21?

For ixigo, the app rating is 4.6, and the number of app reviews is 18 lakh in FY 21.

Did the net sales of ixigo grow in FY 2020-21?

While the pandemic has greatly affected the hospitality and travel sector, the net sales of ixigo grew 21% for FY 2020-21.

How much did ixigo borrow in FY 21?

ixigo has total borrowings of Rs. 15 crores in FY 21, indicating a substantial reduction from Rs. 233 crores in FY 20.