Ixigo IPO Review, Dates, Price Band, Share Price today

Ixigo Le Travenues Technology

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Discover and get a complete analysis of Ixigo (Le Travenues Technology Pvt. Ltd.) - Ixigo IPO Date, Ixigo IPO Review, Price Band, Management, Business Model, Financials, Growth, Valuations, Funding Rounds, News and get the latest updates on Ixigo Upcoming IPO and Ixigo Unlisted Shares.

ISIN

INE0HV901016

Face Value

₹1.00

Total Share

7,23,908

Total Income

₹138.41 Cr

Profit After Tax

₹7.53 Cr

EPS

₹99.25

P/E

1.36

P/B

-0.10

Market Capitalisation

₹9.77 Cr

Enterprise Value

-₹0.62 Cr

Book Value

-₹1,347.60

Intrinsic Value

₹199.72

Earnings Yield

73.52 %

Sector

Consumer Discretionary

Sub-sector

Tour & Travel Services

Ixigo Growth

About Ixigo

Ixigo (Le Travenues Technology Pvt. Ltd.) is a technology company focused on empowering Indian travelers to plan, book and manage their trips across rail, air, buses and hotels.
They assist travelers in making smarter travel decisions by leveraging artificial intelligence, machine learning and data science led innovations on their OTA platforms, comprising their websites and mobile applications.
They aggregates and compares real-time travel information, prices and availability for flights, trains, buses, and hotels, and allows ticket booking through its associate websites and apps.It was started by Rajnish Kumar and Aloke Bajpai in June 2007, with the launch of their flights meta-search website.
In 2008, it introduced a hotel search engine on its website.In early 2014 it launched trains app.

Ixigo IPO Details

The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on the Stock Exchanges. The company have received in-principle approvals from BSE and NSE for the listing of the Equity Shares pursuant to letters. The Company proposes to make an IPO which comprises of 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.

Ixigo recently filed draft papers for an initial public offering (IPO) in August 2021. It is going to list on NSE and BSE, The Ixigo IPO has been delayed due to the conflict between Russia and Ukraine, According to experts, the Ixigo IPO date would be announced soon in 2022. The Price Band for Ixigo IPO ranges between is currently Not Available. As far as the face value of the share is of concern, It is Re 1 per share.

Ixigo
Offer for Sale

₹ 850.00 Cr

Ixigo
Fresh Issue

₹ 750.00 Cr

Ixigo
Total IPO Size

₹ 1600.00 Cr

Ixigo Funding

Funded By	Funding Amount	Date of Investment	Funding Round
GIC	$ 36500000	16 Jul 2021	Series C
Sequoia Capital India, Fosun RZ Capital	$ 15000000	22 Mar 2017	Series B
Sequoia Capital India	$ 10000000	29 Nov 2016	Venture
Micromax	$ 4000000	23 Jun 2015	Funding
SAIF Partners, MakeMyTrip	$ 6000000	11 Aug 2011	Series A
BAF Spectrum	$ 500000	01 Feb 2008	Seed Round

Ixigo Merger & Acquisition

Acquisition

Abhibus acquired by ixigo on 5 August 2021. The deal will help Ixigo group to consolidate its presence in tier 2, 3 and 4 markets by offering a multi-modal transportation experience across trains, flights and buses to its combined user base of nearly 25.5 crore users.
Confirmtkt acquired by ixigo on 4 February 2021.The founders of Ixigo will join the Confirmtkt board and existing investors, including Venture Catalysts, will be exiting the company fully as a part of the deal. Both companies will continue to run independently after acquisition. Both Ixigo and Confirmtkt are official IRCTC B2C premium ticketing partners for online train reservations in India. This deal will help the group to consolidate its presence in Tier 3-4 markets with its combined user base of nearly 200 million Indians.
Reach App acquired by ixigo on 11 January 2017. This acquisition will help to enhance ixigo's already existing products by providing travelers not just utility but consumable content and entertainment in the travel space.

Investments

Ixigo invested around 3.4Mn in inter-city mobility company GOGO Mobility Private Limited (gogoBus) With this investment, Ixigo has entered the bus booking segment. Earlier, it had flight, trains, and hotels bookings. For gogoBus, this provides access to a ready user base.
Company has investments around 21.51 Mn in Mutual funds of (Axis Liquid Fund direct growth plan).

Ixigo Subsidiaries

Le Travenues Technology Limited Subsidiaries:

Ixigo
Confirmtkt
Travenues Innovations Private Limited

Ixigo Business Model

The group is engaged in the business of running an online platforms named www.ixigo.com and www.confirmtkt.com and ixigo / confirm ticket mobile applications for providing information and booking services for the travel industry across airlines, trains, hotels, buses and cabs in real-time. The Group also provides software development and maintenance services to its customer.

Ixigo- Business Model

Ixigo Revenue Segmentation

Revenue generated from ticketing
Revenue generated from advertisement referrel

Revenue generated from advertisement
Revenue generated from other sources

Ixigo Product & Services

Services:

The company provides information and booking services for the travel industry across airlines, trains, hotels, buses and cabs in real-time. They also provides software development and maintenance services to its customer.

Ixigo Assets

Assets as on 31 March 2021

Tangible Assets:

Assets	Amount in Cr.
Computers	1.17
Office Equipment's	0.19
Furniture and fixtures	0.07

Intangible Assets:

Assets	Amount in Cr.
Goodwill	81.69
Software	8.03
Trademark	0.12

Ixigo Industry Overview

Industry Statistics

Online Travel Agency (OTA) is a web-based marketplace that allows consumers to research and book travel products and services, including hotels, flights, cars, tours, cruises, activities and more, directly with travel suppliers. Every day, millions of travelers around the world use OTAs to plan leisure and business travel.
The Indian OTA industry increased from a gross booking revenue of ₹ 284 billion in 2015 to ₹ 978 billion in Fiscal 2020, registering an impressive CAGR of 28% during the same period. COVID slumped the growth in Fiscal 2021, especially on account of the slow revival of international passenger traffic as well as a decrease in the market size of the hotel industry.
However, the OTA industry is expected to bounce back due to pent up demand and accelerate especially in rail and bus segments, reaching ₹ 1,782 billion in the year 2024, with a CAGR of 16% for the forecast period. The growth of the OTA market is expected to be even faster than the overall online market.

Segmentation Within the Overall Indian OTA Industry:

Airlines: Airlines have lost their dominance in terms of revenue contribution in the ticketing segment for OTAs. In Fiscal 2020, for the OTA industry, as represented by top 3 listed players, airlines contributed less net revenues than hospitality. Though still accounting for over 65% of gross booking values, and increasing in volume of transactions, the declining margins to just 8% are reducing the overall contribution of this segment in revenue share. As a result, OTAs have been shifting focus to other higher-margin segments like hospitality and bus modes.
Hotel : The share of hospitality in the OTA industry is increasing both in terms of value and volume. Hotel bookings contributed 44% of all net revenues in Fiscal 2020. It is the next frontier of competition for all OTAs in India as its one of the two fastest growing online travel segments with a CAGR in the forecast period in excess of 20%.
Rail: The volume of railway ticket booking through OTAs however has been rising significantly as their penetration into tier-II & III cities increase. Most OTAs are entering the Rail segment to extend their product offering to a full stack and explore the untapped potential of this segment.
Bus: The Bus segment is highly underpenetrated by OTAs and represents an increasing segment in terms of volume. Bus is the fastest growing online travel segment, with a forecasted CAGR for 2021-24 more than 25%.

Future Prospects

The overall travel market in India has strong industry fundamentals and is expected to grow 7% till 2025. The prospects of online travel growth are even stronger at 12% in the next 5 years given the internet and smartphone penetration, exponential growth in digital payment, shifting traveler demographics and nature of the evolving Indian traveler.
The OTA industry is expected to ride the wave of digitization of Indian travel, and is expected to grow at 15% for the next four years, double that of the economic growth of the country. This growth will be led by OTA growth in hospitality and buses segments which have a projected CAGR forecasted at over 20-25% until 2024. Volume growth is expected from railways as OTAs tap the huge unreserved segment of the rail sector.

Government Initiatives

Under the UDAN scheme for airlines, in the last 5 years, almost 35 airports have become functional. The National Rail Plan 2030 announced an increase in railway tracks and the introduction of some new AC chair car trains. However, the budgetary outlay and progress by the Ministry of Road and Transport to construct 65,000 kms of national highways has been substantial.
Swadesh Darshan: This scheme was launched by the government to promote the development of theme-based circuits, such as the Himalayan Circuit, Coastal Circuit, and Buddhist Circuit. ₹ 60,357 mn has been sanctioned under this scheme for 77 projects.
The Pilgrimage Rejuvenation and Spiritual Augmentation Drive (PRASHAD): was introduced to focus on developing pilgrimage destinations. For this purpose, 58 destinations have been identified in all states.

Ixigo Awards & Achievements

Calendar year	Awards and accreditations
2010	Recognised for outstanding work in the Emerge 50 Start-up Category by NASSCOM Awarded the ‘Entrepreneurial Excellence Award 2010’ by TIE Delhi - Lumis Partners
2013	Awarded the ‘Best Mobile Application/Content: Travel’ at MOBBY’s Awards for Excellence in Mobile Entertainment and Technology Recognised among the ‘Top 15 Awesome Startup Workplaces in India’ by Yourstory.in Awarded ‘Travel Site of the Year’ by WATAwards for our website, www.ixigo.com
2014	Awarded ‘Animation Silver’ for Content Marketing Strategy at the DMAI Awards Awarded under the Best App developed/Product/Services/Corporate/Films/TV Shows category at the Indian Digital Media Awards 2014 for ‘ixigo PNR status’ Received certificate of recognition for creating an intuitive automated application for updates on train and flight status, for ‘ixigo PNR status’, at the mBilionth Award South Asia
2015	Received certificate of recognition for being a mobile based comprehensive travel application that provides all the information that a traveller needs to plan a trip at the mBillionth Awards South Asia Awarded the ‘Social, CRM & Loyalty: Social’ for Travel Hacks – Viral Marketing Campaign for our website, www.ixigo.com at the Marketing Innovation Awards by DMAI
2017	Awarded People’s Choice Runner-up award for ‘Travel Innovation’ under the Launch Competition by Phocuswright Innovation Received certificate of recognition for being featured as one of the ‘Top 100 Startups to Watch in 2017’ by SutraHR
2018	Awarded the ‘Best UI/UX App’ at the India App Summit Awards
2019	Awarded the ‘Travel and Tourism Business of the Year’ at the Small Business Awards Awarded the ‘Best Small Budget Marketing Campaign’ at the ET Brand Equity Shark Awards for the campaign ‘Hotel Etiquette - Stuff you can take from hotels’
2020	Featured in the ‘Economic Times - India’s Growth Champions 2020’ Awarded the ‘New Code of Work Awards’ for Mid-Size Enterprise by Wheebox and PeopleStrong
2021	Awarded the ‘New Code of Work Awards’ for Small Enterprise by Wheebox and PeopleStrong Awarded ‘Silver Digital Content Award’ for the In-house Content Campaign at the 11th India Digital Awards, presented by IAMAI

Ixigo Strengths

Company has generated a total revenue INR 138 Cr. and shown 23% y-o-year growth in FY21 and for the first time company turn profitable
Company is in the phase of expansion and till know has acquired 3 companies, to increase the customer base and penetration across tire 2 cities
Monthly active users of company are around 3.8Cr which is highest among private peers.
Gross Transaction value (GTV) per employees is one of the measure to know the revenue contribution of employees ,ixigo exhibited the highest GTV per employee ratio of ₹ 125 mn. This is on account of their significant GTV growth of the year as well as the lowest employee strength by far in the industry.

Ixigo Shortcomings

Company has 15% secured debentures of INR 9.2 Cr. which has to pay 33 equal monthly installments of INR 45 lacs. Management has to take some steps to clear this borrowing.
Company has unsecured convertible preference shares of around INR 50 lacs.

Ixigo Opportunities

Every day, millions of travelers around the world use OTAs to plan leisure and business travel. So company has good opportunity to grow in coming years.
The number of people accessing the internet daily has grown by 30 Mn from March 2019 to March 2020 in rural parts of India while the number of mobile connections in India increased by 23 Mn at a rate of 2.1% between January 2020 and January 2021. By 2021, internet penetration taken up by mobile subscribers was 96.71%.So it will help to generate the user base from tire-2 cities.

Ixigo Threats

The biggest challenge for the company is to tide over the muted demand of the current COVID pandemic in the most creative ways by focusing on high growth segments. In the fourth quarter of Fiscal 2021, rail had recovered to 46%, air to 71% and bus to 40% of their pre COVID-19 volumes of the fourth quarter of Fiscal 2020. Though full recovery is expected in the next six months, pace of recovery will differ across sectors.
Increasing market share in relatively higher margin segments remains a challenge for company as both larger chain hotels and direct airlines focus on reaching their customers directly.
Increasing competition from international OTAs in the hospitality sector.

Ixigo Rating

RECOMMENDATION

Neutral

Ixigo Detail Info

Industry Statistics

PRIVATE LIMITED

Registered In

India

last Updated

27/10/2021

Planify Ticker

ixigo

Reg Office: Second Floor, Veritas Building, Sector - 53, Golf Course Road, Gurugram - 122 002, Haryana, India.

Website: https://www.ixigo.com

Frequently Ask Questions

The total IPO size of the company is 1600 Cr.in which Rs.850 Cr. Is offer for sale and Rs.750Cr. is fresh issue.

The face value of the company is Rs 1

Yes, we can expect good profit in the future.

Investment firms like Sequoia Capital, White Oak Capital Management hold major shareholding in the company.

Aloke bajpai is the owner of the company.

Gross Transaction Value (GTV) per employee is one of the measures to know the revenue contribution of employees,I xigo exhibited the highest GTV per employee ratio of ₹ 125 mn. This is on account of their significant GTV growth of the year as well as the lowest employee strength by far in the industry.

The minimum holding period after the company has been listed is 6 months

In FY21 company has generated a profit of Rs. 8Cr.

Please find below the procedure for buying stock_name_auto Unlisted Shares at Planify.

• 1. You confirm booking of stock_name_auto Unlisted Shares with us at a trading price.

• 2. You provide your client master report (ask the broker if not available) along with PAN Card and Cancelled Cheque in case you are not transferring funds from the bank account as mentioned in the CMR Copy. These are KYC documents required as per SEBI regulations.

• 3. We will provide the bank details.

• 4. You need to transfer funds in that account.

• 5. Payment has to be done in RTGS/NEFT/IMPS CHEQUE TRANSFER. No CASH DEPOSIT.

• 6. Payment has to be done from the same account in which shares are to be credited.

• 7. We will transfer the shares in 24 hours if funds are credited before 2 pm.

Important Note: Please note that the lock-in period for selling stock_name_auto Unlisted Shares is 6 months after listing. Hence you can’t sell stock_name_auto Unlisted Shares which you bought in Pre-IPO for 6 months after its listing. i.e. You can sell it only after 6 months calculated from the listing date.

Please find below the procedure for selling stock_name_auto Unlisted Shares at Planify.

• 1. We will confirm our buying price of stock_name_auto Unlisted Shares.

• 2. We will give you our client master report and you will transfer the stock_name_auto Unlisted Shares to our demat account.

• 3. We will ask for bank details of yours once the stock_name_auto Unlisted Shares are received in our demat account..

• 4. We will transfer the funds in your bank account within 24 hrs of receiving the stock_name_auto Unlisted Shares.

• 5. Payment will be made in RTGS / NEFT / CHEQUE TRANSFER/IMPS. No CASH DEPOSIT.

• 6. Payment will be given in the same account which is linked to demat account or you need to provide the cancelled cheque shows your name to verify. As per SEBI regulations, the transfer of funds in the third party account is not legal and our policy refrain us from doing so.

Note: The price at which we are buying the share is fixed for 3 days. If you cant sell your stock within 3 days, then the price of that day will be applicable when we receive shares in our demat.

Lock-in period of stock_name_auto Unlisted Shares depends upon category of investors.

• 1. Venture Capital Funds or Alternate Investment Fund of Category -I or II, or Foreign Venture Capital Investor - lock-in Period of 6 months from the date of acquisition of stock_name_auto Unlisted Shares.

• 2. Other Investors (include Retail, HNIs or Body Corporate) lock-in Period of 6 months from the date of listing of IPO of stock_name_auto Unlisted Shares.

This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the stock_name_auto Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.

1. Offline-DIS - This is an offline mode of transfer of shares wherein the investors needs to fill DIS form and give it to their broker for transferring the shares. Following are the fields which are required to be filled.

• a. ISIN number of stock_name_auto Unlisted Shares.

• b. Name of stock_name_auto Unlisted Shares

• c. Quantity of stock_name_auto Unlisted Shares

• d. Cosideration Amount

• e. Target DP ID and Client ID

• f. Annexure

2. Online DIS - Some of the broker these days gives facility of transferring the stock_name_auto Unlisted Shares via online DIS. So, please check with your broker whether such facility is available or not. For example: Angel Broking proivdes the facility of Online-DIS from its platform. As an investor he/she simply needs to add a beneficiary into it and send the stock_name_auto Unlisted Shares by filling the details similar to Ofline-DIS.

In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our Planify platform, if somebody wants to buy stock_name_auto Unlisted Shares then minimum investment would be 35-50k.

Yes, buying and selling of unlisted shares in India is 100% legal.

If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.

If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.

Taxes will remain the same irrespective of listing of shares, if bought in unlisted market. Actually, to be eligible for taxes as per listed market, one has to pay STT on buying and selling of shares. But, if you buy in unlisted and sell in listed market, one pay STT only on selling so, taxes of listed market will not be applicable.

If you buy stock_name_auto Unlisted Shares from Planify then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.

Check credit of stock_name_auto Unlisted Shares Instantly?

• 1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.

• By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.

• Demat Account = DP ID + Client ID. (16 Characters )

• "DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.

• Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.

• In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.

• Example:

• CDSL = 12345678(DP ID) and 91234567(Client ID).

• NSDL = IN123456 (DP ID) and 78912345(Client ID).

• Check in brokers application?

• Credit of stock_name_auto Unlisted Shares can be checked in brokers application as well but it takes T+2 days to show the shares.

The stock_name_auto Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.

The price of stock_name_auto Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on Planify.live platform to see the historical graphs and prices of all the shares at one place.

If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.

"Planify is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, Planify has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with Planify."

We at Planify do the valuation based on 2 methods.

• 1. We check the last funding that is being done in the stock_name_auto Unlisted Shares to ascertain the benchmark valuation.

• 2. If there is no funding happened in the company, then we try to find a business similar to stock_name_auto Unlisted Shares in the listed space and do comparison method to ascertain the valuation.

As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.

We source shares either from the employees or initial investors looking to liquidate their stock_name_auto Unlisted Shares.

Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their stock_name_auto Unlisted Shares in the unlisted market itself.

Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.

For tracking news and other information about stock_name_auto Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.

Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of stock_name_auto Ltd unlisted share.

We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of stock_name_auto Ltd unlisted shares with us.

The financials of stock_name_auto Ltd which includes the P/L of stock_name_auto Ltd and the Balance Sheet of stock_name_auto Ltd is in the financials section.

The annual report of stock_name_auto Ltd is available in the annual report section.

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