Ixigo's IPO opens on June 10 with a price band of ₹88-₹93 per share, closing on June 12. 75% of the issue is for QIBs, 15% for non-institutional investors, and 10% for retail investors.
Ixigo's IPO includes a fresh issue of ₹120 crore and an OFS of ₹620 crore, totaling ₹740 crore.
₹45 crore for working capital, ₹26 crore for tech investments, and funds for acquisitions.
SAIF Partners and Peak XV hold major stakes, with several other investors participating in the OFS.
Indian travel industry expected to grow from ₹3.8 trillion in 2023 to ₹5.8 trillion by 2028.
Key risks include dependency on IRCTC and market price fluctuations post-listing.