6 Points to Keep in Mind Before Investing in the Upcoming Le Travenues Technology Limited Ixigo IPO

The Indian travel tech industry is on a surge, and Ixigo, a leading online travel platform, is poised to capitalize on this growth.

So, if you are considering an IPO investment in Ixigo, investing in the upcoming IPO of Ixigo is now easier than ever with HDFC Sky One-Click IPO. This innovative feature allows you to participate in the IPO process with one click using your existing UPI account.

Here’s What You Should Know Before Investing in the Upcoming IPO of Ixigo:

1. Strong Market Position: Ixigo is one of the leading online travel agencies (OTAs) in India with a strong brand presence. The company has the highest app usage among OTAs with a cumulative 83 million monthly active users across its apps, in September 2023. This gives Ixigo a significant advantage in a competitive market.

2. Growing Online Travel Market: The online travel market in India is expected to grow at a CAGR of around 11% over the next few years. This growth is being driven by factors such as increasing internet penetration, rising disposable incomes, and a growing middle class. Ixigo is well-positioned to benefit from this trend.

3. Diversified Product Portfolio: Ixigo offers a wide range of travel booking services, which helps it to cater to a large customer base. The company's product portfolio includes flights, trains, buses, hotels, and holiday packages.

4. Strong Mobile App Presence: Ixigo has a strong presence in the mobile app market with its Ixigo trains app, which is the leading train booking app in India. The company's other mobile apps, including Ixigo flights and AbhiBus, are also popular among travelers.

5. Experienced Management Team: Ixigo is led by a team of experienced professionals with a proven track record in the travel industry. The company's founders, Aloke Bajpai and Vikas Gupta, have over 20 years of experience in the travel sector.

6. Investment in Technology: Ixigo is constantly investing in technology to improve its products and services. The company is using artificial intelligence (AI) and machine learning (ML) to personalize the travel experience for its customers. Ixigo recently launched Ixigo PLAN, an intelligent AI-based travel planner that helps travelers plan their trips with detailed itineraries and real-time destination information. The company has also launched a generative AI plugin that enables conversational interactions with Ixigo PLAN.

About Ixigo

Le Travenues Technology Limited, which operates under the brand name "Ixigo", was founded in 2006. The company is a prominent online travel agency (OTA) that empowers Indian travelers to plan, book, and manage their trips across various travel segments, including flights, trains, buses, and hotels. With a user base exceeding 83 million, Ixigo boasts the highest app usage among Indian OTAs.

Key Details of Ixigo IPO

• IPO Date: June 10-12, 2024
• Face Value: ?1 per share
• Price Band: ?88-?93 per share
• Lot Size: 161 shares
• Offer for Sale: 66,677,674 shares

Financials:

• Ixigo is expected to generate revenue of over $100 million over the next five years.
• The company has a healthy financial performance with a profit after tax of ?65.71 crore as of December 31, 2023.
• The company's net worth is ?437.13 crore as of the same date.

Objectives of the IPO:

• Part-funding working capital requirements of the company;
• Investments in cloud infrastructure and technology; and
• Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.

Conclusion:

Ixigo presents a compelling opportunity for investors looking to gain exposure to the growing online travel market in India. The company's strong brand presence, diversified product portfolio, and experienced management team position it for success. With an attractive IPO valuation and the ease of investment through HDFC Sky One-Click IPO, Ixigo is a promising IPO to consider.