Ixigo's parent Le Travenues Technology refiles draft papers with SEBI to raise funds via IPO

livemint.com:

₹120 crore and an offer-for-sale (OFS) of 6,66,77,674 equity shares by existing shareholders, according to the draft red herring prospectus (DRHP) submitted on February 14. Also read: Vibhor Steel Tubes IPO receives phenomenal response on the second day, subscribed 101.42 times; GMP drops Among the existing shareholders, SAIF Partners India IV and Peak XV Partners Investments V (previously known as SCI Investments V) will be the primary sellers in the OFS of the professionally managed company, offering 1.94 crore and 1.3 crore equity shares, respectively.

Aloke Bajpai and Rajnish Kumar are set to divest 1.19 crore equity shares each through the Offer for Sale (OFS), while the remaining 1.03 crore shares will be offered by Micromax Informatics, Placid Holdings, and Catalyst Trusteeship (formerly known as Milestone Trusteeship Services) as the trustee of Madison India Opportunities Trust Fund and Madison India Capital HC. Previously, the Gurugram-based travel aggregator had submitted a draft red herring prospectus to the regulatory body in August 2021, with intentions to raise ₹1,600 crore through its inaugural public offering.

This IPO encompassed a fresh issuance of shares valued at ₹750 crore and an Offer For Sale (OFS) of ₹850 crore worth of shares by existing shareholders. Although the regulatory approval for the IPO launch was obtained in June 2023, the company opted not to proceed with the public issue at that time.