How To Check Ixigo IPO Allotment Status

Ixigo IPO opened for subscription on June 10 and will close on June 12. The IPO, a book-built issue of ₹740.10 crores, comprises a fresh issue of 1.29 crore shares and an offer for sale of 6.67 crore shares. The Ixigo IPO allotment is set to be finalised today.

If you applied for the IPO, here is how you can check the Ixigo IPO allotment status.

Checking Allotment Status on Registrar's Website:

Follow these steps to check the Ixigo IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Company Selection" and choose "Ixigo" from the dropdown menu.
  3. Then you can enter your PAN, application number, or Demat.
  4. Click Submit to retrieve the Ixigo IPO allotment status

Checking IPO Allotment Status on BSE:

  1. Go to the BSE website.
  2. Click on the ‘Equity' section and select "Ixigo" from the dropdown menu.
  3. Enter your application number or PAN.
  4. Click on the ‘Search' button.
  5. The result will show the number of shares allotted to you.

If all the details are entered correctly and the allotment has been finalised, the Ixigo IPO allotment status will be visible.

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Ixigo IPO Subscription Status

On the final day of bidding, Ixigo's IPO has seen a total subscription of 98.34 times. The retail individual investors (RIIs) category has been oversubscribed by 54.85 times, while the non-institutional investors (NII) category has seen a subscription of 110.53 times. The Qualified Institutional Buyers (QIBs) category has been subscribed 106.73 times.

The IPO allocation structure reserves 30% of the shares for QIBs, 15% for NIIs, 10% for RIIs, and 45% for anchor investors.

Ixigo IPO GMP

The Ixigo's IPO GMP is currently reported at ₹36. With the IPO's price band set at ₹93, the expected listing price is ₹129, indicating a potential gain of approximately 38% on the listing. However, it's crucial to remember that while GMPs can offer some insight into market sentiment, they are not always a reliable predictor of a stock's performance upon listing.

Ixigo IPO Details

The price band for the ixigo IPO is set at ₹88 to ₹93 per share. The net proceeds from ixigo's IPO will be used for prepayment or scheduled repayment of existing borrowings, financing working capital requirements, and addressing general corporate purposes.

The company has also secured ₹333 crores from anchor investors ahead of its IPO launch. The anchor investors include notable domestic and foreign institutions such as the Government of Singapore, Morgan Stanley, WhiteOak Capital, Bay Capital India Fund, Tata Investment Corporation, Bajaj Allianz Life Insurance Company, SBI Mutual Fund, and HDFC Mutual Fund.

About Ixigo

Established in 2006, ixigo is an online travel agency facilitating bookings for train, flight, and bus tickets, along with hotel accommodations. Their offerings encompass a wide range of services such as predicting PNR status and confirmation, alerting users about train seat availability, providing updates on train running status and delays, suggesting alternative routes, updating flight statuses, enabling automated web check-ins, tracking bus running status, sending price and availability alerts, discovering deals, offering destination information, providing personalized recommendations, sending instant fare alerts for flights, delivering AI-driven travel planning, and offering automated customer support.

Ixigo’s shares are anticipated to debut on both the BSE and NSE on Tuesday, June 18, 2024.

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