Ixigo's parent co garners Rs 333 cr from anchor investors ahead of IPO

Le Travenues Technology Ltd, which operates travel booking platform ixigo, on Friday said it has mobilised Rs 333 crore from anchor investors ahead of launch of its initial share sale for public subscription. The anchor investors who have been allotted shares are the Government of Singapore, Morgan Stanley, WhiteOak Capital, Bay Capital India Find, Tata Investment Corporation, Bajaj Allianz Life Insurance Company, SBI Mutual Fund and HDFC Mutual Fund, according to a circular uploaded on BSE website. Overall, the company has allotted 3.58 crore equity shares to 23 funds at Rs 93 apiece, aggregating to Rs 333 crore, it added. The issue, with a price band of Rs 88 to Rs 93 per share, will open on June 10 and conclude on June 12. The Rs 740-crore IPO of the Gurugram-based company is a combination of a fresh issue of equity shares worth Rs 120 crore and an Offer For Sale (OFS) of 6.66 crore equity shares to the tune of Rs 620 crore, at the upper end of the price band, by existing ...
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