IPO Details
Bidding Dates
To be announced
Minimum Investment
To be announced
Price Range
To be announced
Maximum Investment
To be announced
Retail Discount
To be announced
Issue Size
To be announced
Investor category and sub category
To be announced
About Ixigo
Le Travenues Technology Limited, trading as Ixigo, is a pioneering technology firm based in India, dedicated to enhancing the travel planning and booking experience for its users.
Established to cater predominantly to rail, air, bus, and hotel bookings, Ixigo leverages advanced technologies such as artificial intelligence, machine learning, and data science. These innovations are embedded within their Online Travel Agency (OTA) platforms, which include both websites and mobile applications.
Ixigo's mission is to be the most customer-centric travel company, aiming to provide the ultimate experience for its users through its focus on travel utility and seamless customer service. The company's target demographic includes travellers from Tier II and Tier III cities, whom they reach with localised content and app features designed to address specific travel challenges faced by these populations.
Ixigo was recognised as the leading OTA for the 'next billion users', a testament to its expansive reach and tailored services. In Fiscal 2023, the company was ranked as the second-largest OTA in India based on consolidated revenue from operations.
Ixigo's suite of apps, which includes ixigo flights, ixigo trains, ConfirmTkt, and AbhiBus, has demonstrated significant user engagement, becoming the preferred choice for train bookings with a market share of about 51% in the OTA rail segment as of March 31, 2023. AbhiBus also stands out as the second largest bus-ticketing OTA in India.
The company has seen robust growth in its operations, with revenues expanding at a compound annual growth rate (CAGR) of 92.29% between Fiscal 2021 and Fiscal 2023. The number of transactions through Ixigo's platforms and the app download rates also reflect its rapid growth, underlining its popularity among travellers.
As of the end of 2023, Ixigo has over 213 million registered users and continues to lead with the highest app engagement among OTAs, with monthly active users peaking at 83 million in September 2023. The firm's innovative approach and commitment to solving travel-related challenges have positioned it as a front-runner in India's travel sector.
Industry Outlook:
- The Indian online travel market is growing rapidly, projected to increase from ₹2,079 billion in FY 2023 to ₹3,895 billion in FY 2028, at a CAGR of 13%.
- Rail and air travel have the highest online booking penetration compared to buses and hospitality, reflecting a broader shift towards digital travel services.
- The Indian Online Travel Agency (OTA) market recovered strongly post-COVID, with revenue rising from ₹749 billion in FY 2020 to ₹1,239 billion in FY 2023, expected to reach ₹2,802 billion by FY 2028.
Ixigo (Le Travenues Technology Limited) IPO Details
Ixigo (Le Travenues Technology Limited) IPO Date
The exact dates are yet to be announced.
Ixigo (Le Travenues Technology Limited) IPO Price Band
The exact price range is yet to be announced.
Ixigo (Le Travenues Technology Limited) IPO Lot Size
The exact lot size is not announced yet.
Ixigo (Le Travenues Technology Limited) IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Part of the funds will cover the company's working capital needs.
- Investments will be made in cloud infrastructure and technology enhancements.
- The company will also use funds for pursuing acquisitions and other strategic initiatives, and
- General corporate purposes
Peer Details
The companies considered by Ixigo (Le Travenues Technology Limited) as its peers include:
- Easy Trip Planners Limited
- Yatra Online Limited
How to Check the Allotment Status of the Ixigo (Le Travenues Technology Limited) IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Contact Details of Ixigo
Registered office: Second Floor, Veritas Building, Sector - 53, Golf Course Road, Gurugram 122 002, Haryana, India
Phone: (+91 124) 668 2111
E-mail: investors@ixigo.com
Financial Performance
| Particulars | Year ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Total Revenue (in ₹ million) | 3,737.64 | 3,426.86 | 299.38 |
| Monthly Active Users (Numbers in Million) | 62.83 | 44.20 | 21.59 |
| Gross Transaction Value (in ₹ million) | 74,524.30 | 56,152.49 | 21,532.97 |
| Profit After Tax (PAT) (in ₹ million) | 233.96 | 210.94 | 75.33 |
| Cash & Cash Equivalents (in ₹ million) | 725.90 | 220.02 | 201.05 |
| Net Worth (in ₹ million) | 3,737.64 | 3,426.86 | 299.38 |
| Debt to Equity Ratio(%) | 7.81% | 12.53% | 78.86% |
| Return on Net Worth (RoNW) (%) | 5.74% | 7.15% | 24.13% |
| Earning Per Share (EPS)-in absolute ₹ | 0.57 | (0.66) | 0.25 |
Know before investing
Strengths
4-
Ixigo leads the OTA market for the 'next billion users' with the highest mobile app Monthly Active Users among competitors as of September 30, 2023.
-
The company is the second largest OTA in India by consolidated revenue in Fiscal 2023 and the fastest growing in revenue terms from Fiscal 2020 to Fiscal 2023.
-
Ixigo and ConfirmTkt hold a combined 51% market share in rail bookings among OTAs as of March 31, 2023, reflecting dominant positioning in the rail segment.
-
The platform's mobile apps have been downloaded 539.39 million times cumulatively, with 213.21 million registered users, demonstrating extensive reach and user engagement.
Risks
4-
Ixigo, having transitioned to an Online Travel Agency (OTA) model in 2020, has limited operational experience in this field, potentially impacting its business stability and growth.
-
A downturn or disruptions in the travel industry, such as pandemics or geopolitical conflicts, could severely reduce consumer demand and adversely affect Ixigo's revenue and operations.
-
Ixigo's train ticketing services are heavily reliant on its agreement with IRCTC, which if terminated, could significantly disrupt its business and reduce its market share.
-
Vulnerabilities in Ixigo’s technology infrastructure, such as data breaches or system failures, could compromise user data and diminish consumer trust, impacting the company’s reputation and profitability.
Login to Angel One App / Website & click on IPO
Select desired IPO & tap on "Apply"
Enter UPI ID, set quantity/price & submit
Accept mandate on the UPI app to complete the process
Login to Angel One App / Website
Choose IPO section on Home Page
Click IPO Orders
Chose the IPO application you want to view the status for
Ixigo IPO FAQs
Retail investors can apply for a minimum of one lot. However, the lot size has not been announced yet.
The exact date is not announced yet.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status as such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The exact date is not announced yet.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
