Ixigo IPO: From price band to GMP - here are 10 things to know before you subscribe to the issue

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₹333 crore from anchor investors ahead of its initial public offering (IPO) for public subscription.Also read: ixigo IPO to open on June 10; here's what GMP indicates ahead of public issueIxigo is a tech company that empowers Indian travelers to plan, book, and manage their journeys by train, air, bus, and hotel. As the leading Online Travel Agency (OTA) for the 'next billion customers,' ixigo focuses on localized content and app features tailored to the needs of tier II and tier III travelers.

Leveraging artificial intelligence, machine learning, and data science-driven technologies, ixigo helps travelers make smarter travel decisions through its OTA platforms, which include websites and mobile applications.According to a PTI report, shares were purchased by Ashoka India Equity Investment Trust Plc, Tata Multi Asset Opportunities Fund, Tata Digital India Fund, Bay Capital Holdings, Steadview Capital Mauritius, and ixigo co-founders Aloke Bajpai and Rajnish Kumar.Also read: Upcoming IPOs: 2 new public issues and 4 new listings to keep primary market busy next weekThe firm allocated 75% of the issue size to qualified institutional buyers (QIBs), 15% to non-institutional investors, and 10% to retail investors. Investors can bid on a minimum of 161 shares and multiples thereof.Ixigo IPO date: The IPO will remain open for subscription on June 10 and will close to June 12.Ixigo IPO price band: The price band of the online travel portal has been fixed at ₹88 to ₹93 per share.Ixigo IPO size: The Gurugram-based ixigo IPO comprises a fresh issue of equity shares valued at ₹120 crore and an Offer For Sale (OFS) of 6.66 crore equity shares worth ₹620 crore by existing shareholders at the upper end of the price band.Ixigo IPO lot