Page 3 - Ixigo

Ixigo's parent firm, Bansal Wire Industries get Sebi's nod to float IPO

Le Travenues Technology Ltd, which operates the travel booking platform ixigo, and steel wire manufacturer Bansal Wire Industries have received Sebi's go-ahead to raise funds through Initial Public Offering (IPOs), an update with the markets regulator showed on Wednesday. The two companies, which filed their preliminary IPO papers with Sebi in February and March, obtained their observations during May 14-17. In Sebi's parlance, obtaining observations means the regulator's go-ahead to float public issue. The Gurugram-based Le Travenues Technology's proposed IPO will be a combination of a fresh issue of equity shares worth Rs 120 crore and an Offer For Sale (OFS) of 6.66 crore equity shares by existing shareholders, according to the Draft Red Herring Prospectus (DRHP). SAIF Partners India IV Ltd, Peak XV Partners Investments V (formerly known as SCI Investments V), Micromax Informatics Ltd, Placid Holdings, Catalyst Trusteeship Ltd, Madison India Capital HC, Aloke Bajpai and Rajnish

Flights cancelled, airfares jump 52-171% as rainfall batters Chennai

Domestic carriers have offered a fee waiver on flight cancellations or rescheduling of the impacted flights to their passengers

Festival season gains momentum, leads to surge in airfares, hotel tariffs

Travel firms have also noticed a shift in the Visiting Friends and Relatives (VFR) trend usually seen during festivals

DGCA approves wet lease for domestic carriers to meet festive season demand

IndiGo and SpiceJet are likely to wet-lease 20 aircraft. While IndiGo will source 11 Airbus A320 aircraft from SmartLynx Airline, SpiceJet will induct nine Boeing 737Max aircraft from Corendon Airline

Airfares on Holi high: Travel firms witness a rise in advance bookings

The increased demand has reflected in higher fares on popular routes during March 6-12 (Holi week) compared to February 6-12

Festive demands up airfares by 20-30% on key routes across country

The hike in airfare prices is a result of the increased cost of aviation turbine fuel, according to ixigo's data

Sky high: Flying during Diwali likely to cost 20-30% more this year

While ATF price has jumped 83% in Sept on a YoY basis, capacity deployed by airlines has also increased. Airlines flew 37% more flights and carried 50% more passengers last month compared to Aug '21

Online travel aggregator ixigo gets Sebi nod for Rs 1,600-crore IPO

According to sources, the firm is expected to list early next year.

Ixigo IPO: Le Travenues Technology files Rs 1,600-cr IPO papers with Sebi

Ixigo is focused on empowering travellers to plan, book and manage their travels by leveraging AI and data science-led innovations

Travel aggregator ixigo announces acquiring train ticket app Confirmtkt

Train travel in India is an $8 billion market, with more 25 million passengers shuttling daily before the Covid-19 pandemic struck the country

The travel entrepreneur who beat the market downturn not once, but twice

Aloke Bajpai's firm Ixigo cut pay, but didn't lay off; He says 'honest communication' with staffers saw the firm bounce back during the 2008 Lehman crisis and the current pandemic-induced one

ixigo reinstates salaries, grants discounted ESOPs to staff as compensation

The ESOPs will result in an additional 2.3 per cent of the company's overall shareholding being given to all 150 ixigems (ixigo employees)

Ixigo invests in gogoBus mobility startup, enters bus-booking segment

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.

ixigo plans to go for a third round of funding

In 2011, the company raised $18.5 mn from SAIF and leading travel portal MakeMyTrip

Inter-city booking with reverse bidding from ixigo cabs

Service will be available for NCR, Jaipur, Agra, Chandigarh, Rishikesh, Dehradun and nearby areas