Ixigo Parent Firm Secures Rs 333 Crore From Anchor Investors Prior To IPO

Le Travenues Technology, which operates travel booking platform Ixigo Ltd. has raised Rs 333 crore from anchor investors, ahead of its initial public offering.

The company allotted 3.58 crore shares at Rs 93 apiece to 23 anchor investors.

SBI Magnum Children's Benefit Fund-Investment Plan, Nomura Funds Ireland Public Ltd. Co.-Nomura Funds Ireland-India Equity Fund got the highest allocation of 14.52% each.

HDFC Mutual Fund-Multi Cap Fund got 10.33% stake, while Custody Bank of Japan RE: RB Amundi India Small Cap Equity Mother Fund secured 10.18%. Government of Singapore, HDFC Mutual Fund-HDFC Transportation and Logistic Fund, and 3P India Equity Fund secured over 3% each in the pre-IPO round fundraising.

Four domestic mutual funds have applied through a total of seven schemes, Le Travenues Technology said in an exchange filing on Friday. They have collectively netted 33.75% of the anchor portion of Rs 112 crore.

SBI, HDFC Mutual Fund, WhiteOak Capital and Motilal Oswal are among the fund houses in this category.

The leading book managers for the anchor round were Axis Capital, DAM Capital Advisors and JM Financial.

The Gurugram-based company will launch its initial public offering on Monday to raise up to Rs 740 crore.

The company has set a price band of Rs 88-93 per share for its three-day IPO, which is a mix of fresh issue of equity shares worth Rs 120 crore and an offer-for-sale of 6.66 crore shares by the existing shareholders. The minimum application lot size is 161 shares.

The offer, which concludes on Wednesday, is set to list on the BSE and the National Stock Exchange.

Investors who bid for the issue can check the ixigo IPO allotment status here.