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ixigo gets SEBI's approval for ₹1,600-crore IPO
short by Hiral Goyal / on Monday, 20 December, 2021
The Securities and Exchange Board of India (SEBI) has approved the ₹1,600-crore initial public offering (IPO) of Le Travenues Technology, which operates travel platform ixigo. The offer comprises a fresh issue of shares worth ₹750 crore and an offer-for-sale of ₹850 crore. As part of OFS, ixigo Co-founders Aloke Bajpai and Rajnish Kumar will divest stakes worth ₹50 crore each.
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