ixigo IPO to open on June 10; here's what GMP indicates ahead of public issue

livemint.com:

₹333 crore from anchor investors ahead of its debut share offer for public subscription.Overall, the company offered 3.58 crore equity shares to 23 funds at ₹93 apiece, for a total of ₹333 crore, it said. ixigo IPO price band has been set in the range of ₹88 to ₹93 per share.ixigo is a technological firm that enables Indian travellers to plan, schedule, and manage their journeys by train, air, buses, and hotels.

ixigo is the premier Online Travel Agency (OTA) for the 'next billion customers', with an emphasis on localised content and app features that address the needs of tier II/ tier III travellers. They help travellers make smarter travel decisions by employing artificial intelligence, machine learning, and data science-driven technologies on its OTA platforms, which include websites and mobile applications.Also Read: ixigo IPO: Gurgaon-based company garners ₹333 crore via anchor book ahead of public issueixigo said on Friday that its existing shareholders had completed the sale of equity worth little more than ₹176 crore in a pre-IPO deal.Ashoka India Equity Investment Trust Plc, Tata Multi Asset Opportunities Fund, Tata Digital India Fund, Bay Capital Holdings, and Steadview Capital Mauritius, as well as ixigo co-founders Aloke Bajpai and Rajnish Kumar, purchased shares, according to a PTI report.The firm allotted 75% of the issue size to qualified institutional buyers (QIBs), 15% to non-institutional investors, and 10% for retail investors.