Ixigo Prepares For Fresh IPO

Ixigo's parent company, Le Travenues Technologies, is renewing its IPO pursuit, aiming for $14 million with a fresh issue of shares & OFS of 67 million equity shares amid robust revenue growth and strategic confidence.

Expert Analysis:

• IPO Renewal: Le Travenues Technologies, parent of Ixigo, renews IPO pursuit, targeting $14 million.

• Confidence Signal: Filing a Draft Red Herring Prospectus (DRHP) signifies renewed confidence after the mid-2021 attempt.

• Revenue Growth: Ixigo reports robust revenue growth, reaching $60 million in 2023 from $46 million in 2022.

• Profitability: Profit for the first nine months ending December 31 stands at approximately $8 million.

• Strategic Adaptation: Strategic acquisitions (Confirmtkt, Abhibus) and a $53 million fundraising event in 2021 showcase Ixigo's growth strategy.