Priced between Rs 88 to Rs 93 per share, the IPO will be open for subscription until June 12, 2024.
The IPO consists of a fresh issue of 1.29 crore shares worth Rs 120 crore, and an offer for sale of 6.67 crore shares amounting to Rs 620.10 crore.
Before the IPO, the company secured Rs 333 crore from anchor investors, including Nomura, Morgan Stanley, and others.
Analysts suggest potential business improvement for Ixigo, with a PE of 154x and market-cap/sales ratio of 7.2x post issue.
Retail investors need to invest a minimum of Rs 14,973, while QIBs and sNIIs must invest at least 14 lots, and bNIIs 67 lots.
Axis Capital, DAM Capital Advisors, and JM Financial are leading the book-running process, with Link Intime India as the registrar.
The allotment is expected by June 13, 2024, with listing on BSE and NSE anticipated on June 18, 2024.
The Grey Market Premium (GMP) for Ixigo IPO is Rs 23, indicating a projected listing price of Rs 116, an expected gain of approximately 24.73% per share.
