Ixigo IPO GMP Price and Subscription:  The initial public offering of Ixigo has been opened for Subscription on Monday i.e. June 10. Investors can bid fo the IPO till June 12. Ixigo is aiming to raise Rs.740.10 crore with the help of the IPO for which the company has issued 1.29 crore fresh shares and 6.67 crore shares under the offer for sale from the existing investors. That means ixigo is trying to raise Rs.120 crore through fresh shares and Rs.620.10 crore under the offer for sale.

Ixigo IPO Price Band

The price band of the ixigo IPO has been set from Rs.88 to Rs.93 per share and the company has created a lot of 161 shares as well. Retail investors will have to invest at least Rs.14,973 to bid for the public offering. The company will allot shares on June 13, 2024, and the listing of ixigo IPO in BSE and NSE is proposed on June 18.

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Ixigo IPO GMP Today

The shares of Ixigo are performing better in the grey market. According to the report of Investors Gain, the shares are being traded at a premium of Rs.23 today i.e. Monday. If this translates on the day of listing, then the company can be listed at Rs.116 in the stock markets. That is, investors can get a profit of about 25 percent on the very first day.

This IPO was open for anchor investors on 7th June. The company had raised Rs.333.05 crore through IPO then. A maximum of 10 percent share can be allotted to retail investors, as per the information given by Ixigo. Qualified institutional investors will have 75 percent of the total public offering.

What does Ixigo do? - Ixigo is an online travel and tour agency. The company provides the facility of booking hotels, train, flight, and bus tickets on its platform.

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Disclaimer: This story is not advice for investing, please do consult with experts before investing.