The travel industry in India is expanding at a large scale, and there are many companies that contribute to its growth. Ixigo is one such famous travel technology company which is helping millions of Indians in managing, booking, and planning their tour across buses, sea, air, rail, and hotels. Not only is the company performing well in the travel industry, but it is also performing well in the grey market. In August 2021, the company filed for an IPO with SEBI for Rs. 1,600 crores through its public offer. Though the IPO date is yet to release, potential investors can buy Ixigo unlisted shares before the company goes public. Pre-IPO investment in the Ixigo unlisted shares is an opportunity for people to earn high ROI in the future. Further, the company has been performing quite well since its inception and working towards expanding its business globally.
Let’s talk about the future plans of Ixigo for its global business expansion, but before, look at…
A Detailed Overview Of Ixigo
Established in 2007, Ixigo (Le Travenous Technology Pvt. Ltd) is a technology company founded by Rajnish Kumar and Alok Kumar Bajpai. The company deals in empowering Indian travelers to plan, book, and manage their trips across buses, rail, air, and hotels. They help people make wise and smart travel decisions by integrating artificial intelligence, machine learning, and data-science innovation on its OTA platform, which includes mobile applications and websites. They offer real-time travel information, price, and availability for tickets for flights, trains, rail, buses, and hotels. According to Economic Times, the company is currently valued at around $850 million. Let’s move on to the next section and discuss the financial performance of Ixigo.
Financial Performance Of The Company
The company has been operating since 2007, with a user base of 250 million. Talking about its financial performance, the company has greatly maintained its growth and profit in the first quarter of FY23. In fact, the company survived the pandemic with a 3.4 times increase in revenue from FY19 to FY20. This power-packed performance of the company helped it stand as the fastest-growing OTA platform in India for its operating revenue in the Fiscal year 2022. Basically, the company recorded a total income of Rs. 138.4 crore for FY21 against Rs. 112.9 crore in FY20. The company earned a profit of Rs. 7.5 crore in FY21 as opposed to Rs. 26.6 crore in FY20.
Highlights Of The Future Prospects
Ixigo is the biggest travel technology company in India; even when the covid-19 hit the entire world, the travel sector was in revival with markets like Europe and US. In 2021 the pre-IPO round, the company received $ 53 million (Rs. 395 crores) from investors led by Singapore Sovereign Wealth Fund GIC. Since its beginning, the company has raised $82 million via its secondary share sales and $58 million from investors in the primary market.
To expand its business presence across the world, the company has been focusing on building product experiences on the basis of state-of-the-art technology. They want to provide a seamless travel experience to people in India. Post-pandemic, the company launched innovative AI-based data-driven features like multilingual UI, travel assistant, Siri shortcuts, and an AR feature, allowing train passengers to allocate their positions. In order to expand its business in the future, the company is looking to accelerate its functionality by enhancing efficiencies in business processes and operations.
The company plans to raise its Rs. 750 crore for organic and inorganic growth. Since its inception, the company has been investing in advanced technology, such as artificial intelligence, machine learning, and data science, to expand its travel information and crowd-sourced data in business intelligence to upgrade its travel offerings. The robust investment of the company has led to faster growth, which it will continue to do in the future as well.
Invest In Ixigo Unlisted Shares With Stockify
IXIGO has been a growing company since its inception. The company has recorded positive financial growth in the past few years and is on the verge of expanding its business globally. If you want to diversify your investment portfolio and earn a high return on investment, IXIGO unlisted shares are your best opportunity. You can buy Ixigo unlisted shares with Stockify, the best online broking platform in India. We help people with trading by providing them with relevant details about the company like EBITDA, Revenue report, EPS Growth, Profit & Loss summary, etc. So, what are you waiting for? Just connect with us and start trading today!
What is the best way to buy Ixigo unlisted shares?
Ans. You can easily buy Ixigo unlisted shares with the leading online broking platform Stockify. We will help you buy unlisted shares seamlessly.
What is the lock-in period for Ixigo pre-IPO shares?
Ans. The lock-in period for most unlisted shares is 6 months from the date of the acquisition/ listing.
What is the relevance of DIS in unlisted shares?
Ans. DIS stands for Delivery Instruction Slip, through which investors can sell or transfer unlisted shares from their Demat account to another.
What is the minimum ticket size for making an investment in Ixigo unlisted shares?
Ans. In the past few years, the ticket size for unlisted share investment has reduced to 30-35k from 5-10 Lac, helping everyone to reap the benefits of investment in the grey market.
What is the Ixigo unlisted share price today?
Ans. The Ixigo share price is Rs. 95. The price can fluctuate based on market conditions and the performance of the financial company.