Ixigo is a leader in the rapidly changing Indian travel business, revolutionizing how travelers book and enjoy their travels. The financial community is ablaze with anticipation as ixigo IPO is highly anticipated, and important updates and news are eagerly awaited. We’ll examine the most recent Ixigo Share Price, developments and the elements that fuel the Ixigo pre-IPO hype.
Ixigo’s Unlisted shares Journey Overview:
Founded in 2007 by Aloke Bajpai and Rajnish Kumar. Now Ixigo IPO has become a household name in India. It’s one-stop platform for travel-related services Become the USP of the company. From flight bookings to hotel reservations and train journeys, Ixigo has carved a niche for itself by providing users with a seamless and comprehensive travel planning experience. The company has become a major participant in the Indian travel IT market by evolving and adapting to the changing needs of travelers over time.
They assist travelers in making smarter travel decisions by leveraging AI, machine learning and data science led innovations on their OTA platforms, comprising their websites and mobile applications.
Ixigo IPO compares real-time travel information, prices and availability for flights, trains, buses, and hotels for users for transparency along with helping user to take right decision, and also Ixigo allows ticket booking through its associate websites and apps.
In 2008, it introduced a hotel search engine on its website. In early 2014 it launched a trains app as well.
Ixigo Pre IPO Details
Ixigo Pre Ipo have received in-principle approvals from BSE and NSE for the listing of the Equity Shares pursuant to letters. Ixigo upcoming IPO proposes to make an IPO which comprises a fresh issue of its equity shares of Re. 1 each and offer for sale by certain shareholders’ existing equity shares of Re 1 each at such premium arrived at by the book building process (referred to as the ‘Issue’), as may be decided by the Company’s Board of Directors.
The company plans to come with an Ixigo IPO by 2024
Current Ixigo Share Price
The face value of each Ixigo share is ₹ 1. Ixigo stock price is ₹ 145/share. Ixigo IPO price band is not disclosed yet.
Ixigo Unlisted share Merger & Acquisition
Ixigo purchased Abhibus on August 5, 2021. By providing its combined user base of almost 25.5 crore customers with a multi-modal transportation experience spanning trains, aircraft, and buses, the agreement will assist Ixigo Group in solidifying its position in tier 2, 3, and 4 markets.
Investments
It is true that Ixigo owns stock in FreshBus, an electric intercity bus service company with headquarters in Bengaluru. Ixigo gave FreshBus Rs 26 million in startup finance in February 2023. This was a calculated financial risk taken to facilitate the introduction of FreshBus’s intercity electric bus services throughout India.
Ixigo share price Market Size:
The online travel market in India is expected to reach US$ 31 billion by the end of FY25, growing at a 14% CAGR from FY20.
Travel and tourism, one of the fastest-growing economic sectors in India, contributed US$ 178 billion to the nation’s GDP in 2021.
The India Brand Equity Foundation (IBEF) states that there is a sizable travel and tourist market in India. It provides a wide range of specialised travel products, including cruises, outdoor activities, wellness, medical, sports, MICE, eco-tourism, movies, rural, and religious travel. Both domestic and foreign travellers have acknowledged India as a spiritual tourism destination.
As per the IBEF’s February 2023 report on Tourism and Hospitality, the contribution to the GDP is expected to reach US$ 512 billion by 2028, at a strong CAGR growth of 16% between 2021-28.
The travel industry bounced back remarkably in FY23 after being severely affected by the pandemic and is expected to move at an exponential pace. As per the data published by Directorate General of Civil Aviation (DGCA), the number of passengers that travelled by airlines domestically increased 62% YoY to 136 million passengers in FY23, as compared to 84 million passengers in FY22.
As indicated in the February 2023 IBEF Report on Aviation, India is poised to become the third-largest air passenger market globally by 2024, encompassing both domestic and international travel, and is expected to host over 480 million air travellers by 2036.
According to WTTC, India is ranked 10th among 185 countries in terms of travel & tourism’s total contribution to GDP in 2019.
Ixigo pre ipo User and Involvement:
When assessing Ixigo unlisted share chances of continuing to develop, the size of its user base is crucial. As signs of a strong and devoted customer base, investors will probably closely examine user acquisition tactics, user engagement measures, and customer retention programmes.
In conclusion:
We are in the midst of a critical juncture in the development of the Indian travel tech industry.The ixigo pre-IPO excitement keeps growing. Not only is the success of Ixigo’s IPO evidence of the company’s accomplishments, but it also shows how confident the market is in travel technology overall. We hope to have a great opening in Ixigo upcoming ipo so that we can book tremendous profit in Ixigo share price.