ixigo allotment today: The company wants to raise money to fund working capital requirements, investment in cloud infrastructure and technology, for inorganic growth through acquisitions, and for other general corporate purposes.
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ixigo’s IPO allotment will be finalised on Thursday, June 13. Ixigo, Le Travenues Technology, is an online travel agency technology company helping Indian travellers plan, book, and manage their trips across rail, air, buses, and hotels. The company’s main focus is on localized content and app features that aim at solving the problems of Tier II and Tier III travellers. They assist travellers in making smarter travel decisions by leveraging artificial intelligence, machine learning, and data science-led innovations on their OTA platforms, which include their websites and mobile applications.
Here’s how you can check the allotment:
Step 1
Go to the website of the Registrar of ixigo and navigate to the public issues. For this issue, Link Intime India is working as the registrar.
Step 2
You need to fill in all your details, such as your company name and PAN card number
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Step 3
You’re all set to go. Just hit the search button to check the allotment status.
The registrar of the issue is responsible for the refund and IPO allotment. So, investors who would not have been allotted shares will receive a refund from the registrar, which will appear in the bank account. The refund is expected to be initiated from June 14.
About ixigo IPO
The company raised Rs 740.10 crore via a combination of fresh issues and an offer for sale. It opened its IPO on June 10 and ended on June 12. It kept the price band in a range of Rs 88 to 93 per equity share.
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JM Financial, Dam Capital Advisors (formerly IDFC Securities), and Axis Capital are the book-running lead managers of the ixigo IPO.
