Ixigo journey has been tremendous so far. Lets discussion about the essential details you need to know about the upcoming ixigo IPO. From the ixigo IPO date to whether you should apply or not, we've got you covered.
We have discuss this in 5 parameters 1. management, 2. Products, 3. Financials, 4. Peers comparison, 5. Conclusion
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About Ixigo:
One-stop platform for travelers: Ixigo offers a diverse range of products and services for travelers, focusing on online and mobile travel booking. It offers Travel Bookings, Travel Planning Tools and other additional services like Travel Insurance and Recharge & Bill Payments.
Revenue Growth: The company has witnessed a healthy growth in Revenue, escalating from ₹380 crore in FY22 to ₹501.25 crore in FY23, reflecting a growth rate of 32.05%. The company's four-year Compound Annual Growth Rate (CAGR) stands at 87.65%. Over the last 4 years, Revenue has grown at a yearly rate of 87.7% vs the industry avg of -19.26% (Average of industry of last 5 years "FY19-FY23")
Company's Stellar Performance Paves the Way for IPO: Last year, the company was EBITDA negative, making it ineligible for an IPO. However, in FY23, the company's remarkable performance has opened doors for an IPO. It is anticipated that the company will file the Draft Red Herring Prospectus (DRHP) by the last week of January 2024, and following approval from SEBI, the IPO is expected to be launched by the end of March 2024.
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