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  3. Travel portal ixigo's parent firm files draft papers for IPO

Travel portal ixigo's parent firm files draft papers for IPO

14 Feb 2024

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Key Takeaways

  • Strategic Funding:

    • Iixigo's IPO filing outlines plans for working capital, tech investments, and inorganic growth.

  • Positive Financial Trends:

    • Increased total income and a shift from losses to profits signal Iixigo's strengthened position for future expansion in the travel booking sector.

  • Strategic Funding:

    • Iixigo's IPO filing outlines plans for working capital, tech investments, and inorganic growth.

  • Positive Financial Trends:

    • Increased total income and a shift from losses to profits signal Iixigo's strengthened position for future expansion in the travel booking sector.

Le Travenues Technology (ixigo)

Le Travenues Technology (ixigo)

0.00%

Expert Analysis

ixigo's Parent Company Le Travenues Files IPO Papers, Aims to Raise Funds for Strategic Initiatives

Expert Analysis:

  • IPO Intent: Iixigo's parent company, Le Travenues, files with Sebi for an IPO, seeking funds for strategic initiatives.

  • Funding Structure: IPO to consist of a fresh issue (Rs 120 crore) and an Offer For Sale (6.66 crore equity shares).

  • Utilization Plan: Allocation includes Rs 45 crore for working capital, Rs 26 crore for tech and data science, and support for inorganic growth.

  • Book Running Lead Managers: Axis Capital, DAM Capital Advisors, and JM Financial lead the public issue.

Publisher:Devdiscourse