Ixigo IPO

Ixigo IPO worth INR 740.10 crores includes a fresh issue of INR 120 crores and an offer for sale of INR 620.10 crores, aimed at financing growth and strategic investments.

Important Details

Open Date : June 10, 2024  Close Date :  June 12, 2024 Allotment Date: June 13, 2024 Listing Date: June 18, 2024

Important Details

IPO Price: INR 88-93 per share Lot Size: 161 Shares Total Issue Size: INR 740.10 crores 

Fundamental Analysis

Ixigo IPO Mixed financial performance: 1. Positive growth in equity and assets. 2. Declining profitability noted & Facing liquidity challenges. 3. Fluctuating financial ratios observed. 4. Thorough due diligence recommended for potential investors.

Peer Comparison

IXIGO Ltd: Strong revenue and profitability. Easy Trip Planners Ltd: Strong earnings, high P/E of 61.83. Yatra Online Ltd: High income, modest EPS and RoNW.


IXIGO Ltd Main objective: 1. Working capital. 2. Cloud infrastructure. 3. Technology upgrades. 4. Strategic growth initiatives.

Risks And Challenges

IXIGO Ltd risks: 1. Limited OTA experience after 2020 transition. 2. Expanding into hotels in 2024. 3. Dependency on agreements with IRCTC. 4. System interruptions pose operational and financial threats.