📷 Image Credits: Mint
The ixigo IPO, which opened on June 10, 2024, has garnered significant interest from primary market investors. With a public issue worth ₹740.10 crore and a price band set at ₹88 to ₹93 per equity share, the company aims to list on both BSE and NSE. The subscription status of the ixigo IPO indicates a strong interest from retail investors, potentially leading to oversubscription and higher listing gains.
Market observers highlight the stability of the grey market premium (GMP) for ixigo, currently at ₹24. This steady GMP amidst market volatility suggests a positive outlook for the public offer. Analysts have reviewed the financial performance of ixigo, with Rajan Shinde from Mehta Equities recommending a ‘subscribe with risk’ stance for long-term investors.
The infusion of capital from the IPO is expected to fuel ixigo’s expansion efforts, including investments in technology and acquisitions. The company’s leadership position in the online travel segment and industry tailwinds signal growth potential. Anand Rathi and Canara Bank Securities have also recommended subscribing to the ixigo IPO for long-term gains.
With the successful subscription levels and positive analyst recommendations, the ixigo IPO is poised to make a significant impact on the stock market. Stay updated with HeadlineFly.com for the latest developments and insights on the IPO market in India.
