Overview of Ixigo Unlisted Shares:
Founded in 2007, with its headquarters situated in Gurgaon, Haryana, the company has swiftly established itself as a prominent player in the technology sector, with a specific focus on empowering Indian travelers in planning, booking, and managing their trips across various modes of transportation and accommodations including rail, air, buses, and hotels. Notably, Ixigo has emerged as the epitome of customer-centricity among OTA (Online Travel Agency) companies, marked by the introduction of innovative products like "ixigo Flex" for flights and "Abhi Assured" for the bus business.
The company boasts a robust workforce of over 400 employees and has witnessed impressive growth metrics over the years, with registered users experiencing a remarkable CAGR of 71.78% from FY20 to FY23. The repeat transaction rate stood at an impressive 83.23% in FY23, underscoring the strong loyalty and satisfaction among its user base. With yearly downloads of its mobile app surpassing 96.84 million across Google Play Store and iOS app stores and a monthly active user base exceeding 6 million, Ixigo continues to make significant strides in the travel tech industry.
Furthermore, the company's annual booking rate has surpassed 50 million, cementing its position as a key player in the online travel ecosystem. Notably, both the Ixigo trains app and ConfirmTkt have been featured among the Top 10 most downloaded travel apps globally for 2022, a testament to the widespread popularity and utility of its offerings on a global scale.
Shareholding Pattern of Ixigo Unlisted Shares:
The shareholding pattern of the company is diversified among various entities and individuals. SAIF Partners India IV Limited holds the largest stake with 23.80%, followed by SCI Investments with 15.95%, and Gamnat Pte. Ltd. with 9.85%. Notable individual shareholders include Rajnish Kumar with 8.70% holding and Aloke Bajpai with 8.29%. Micromax Informatics Ltd also holds a significant stake of 5.91%. The remaining 27.5% is distributed among other shareholders. This diversified ownership structure reflects a range of stakeholders contributing to the company's ownership and direction.
Corporate Actions by Ixigo Unlisted Shares:
In the fiscal year 2021-22, the company undertook several significant actions to enhance its capital structure and expand its business operations. Firstly, it issued bonus shares in the ratio of 1:399, resulting in the allotment of 216,364,932 equity shares to existing shareholders. Additionally, the company conducted a rights issue, offering 47,875 equity shares at an issue price of Rs 200 each, comprising a face value of Rs 1 and a premium of Rs 199. Furthermore, during the same period, the company acquired Confirm Ticket Online Solutions Private Limited, utilizing equity shares worth 29.84 Cr as part of the purchase consideration.
In the subsequent fiscal year 2022-23, the company continued its strategic expansion efforts by acquiring a 53.22% stake in Freshbus. Moreover, it underwent a reclassification of its authorized share capital, resulting in a new share capital structure comprising 50 Cr equity shares of Rs 1 each. Additionally, the company issued shares under its Employee Stock Ownership Scheme (ESOS), allotting a total of 14,55,968 equity shares of Rs 1 each to eligible employees. These actions signify the company's proactive approach toward capital management and its commitment to strategic growth initiatives.
Ixigo Unlisted Share Price:
As of February 21, 2024, the current Ixigo Unlisted share price is ₹ 157 per share.
Ixigo Unlisted Share Price in Depth
Face Value of Ixigo Unlisted Share: ₹ 1
Price per share as of February 21: ₹ 157
You can check the Ixigo Unlisted Share Current Price at Precize.in
Growth Opportunities and Challenges for Ixigo Unlisted Shares.
Growth Opportunities for Ixigo Unlisted Shares:
With a growing digital landscape in India, the travel and tourism market is poised for expansion. Online travel agencies stand to benefit greatly from this trend as more individuals turn to digital platforms for their travel needs. This presents a lucrative opportunity for these agencies to cater to the evolving preferences of Indian travelers. Overall, the future looks promising for the online travel sector in India.
Challenges for Ixigo Unlisted Shares:
India's online travel agency market is crowded with many competitors. As new technologies and platforms emerge, consumer preferences are shifting.
