INSUBCONTINENT EXCLUSIVE:
Ixigo was launched by Aloke Bajpai and Rajnish Kumar in the year 2007Ixigo, the travel booking app, has filed draft red herring prospectus
with the market regulator Sebi for a Rs 1,600 crore initial public offering (IPO)
The IPO will consist of a fresh issue of Rs 750 crore and an offer for sale of Rs 850 crore by existing investors, including Micromax and
Elevation Capital (formerly Saif Partners).Ixigo plans to utilise the IPO proceeds to promote organic and inorganic growth, and for general
corporate purposes.Ixigo was launched by Aloke Bajpai and Rajnish Kumar in the year 2007
It helps customers to book and plan their trips to various destinations across the country
Its listed peers include Easemytrip, Yatra and Booking.com. ICICI Securities, Axis Capital, Kotak Mahindra Capital and Nomura are the book
managers of the public issue of Ixigo.
