 "Online travel aggregator ixigo gets Sebi nod for Rs 1,600-crore IPO")
Le Travenues Technology, which operates online travel aggregator ixigo, has received stock market regulator nod to launch its Rs 1,600-crore share- sale offer.
The offer comprises fresh issue of shares worth Rs 750 crore and an offer for sale (OFS) of equity shares of Rs 850 crore by existing shareholders.
According to sources, the firm is expected to list early next year. Proceeds of the fresh issue will be used to fund the company’s organic and inorganic growth initiatives and for general corporate purposes.
As part of the OFS, Saif Partners India IV will sell shares worth Rs 550 crore, Micromax Informatics will sell shares worth Rs 200 crore, and Aloke Bajpai and Rajnish Kumar will divest stakes worth Rs 50 crore each.
Launched in 2007 by Bajpai and Kumar, ixigo provides booking and trip planning services across rail, airbuses, and hotel segments.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%