IXIGO IPO: A Rare Profitable Tech Startup to Hit the Markets
Written by: Planify
Published: 05 March 2024
Updated: 06 March 2024
1 min read
IXIGO, one of the leading online travel aggregators in India, refiled its DRHP with SEBI on February 14, 2024, and plans to raise funds through an IPO. The IPO comprises a fresh issue of Rs. 120 crores and an offer for sale (OFS) of 6,66,77,674 equity shares by the existing shareholders, including SAIF Partners, Peak XV Partners, Micromax, and others. IXIGO is a rare profitable online travel tech startup in the Indian market, having reported a net profit of Rs. 65 crores in Q3 of 2024.
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