Ixigo IPO GMP

Ixigo, a leading online travel aggregator, is planning to launch its initial public offering (IPO) soon. The company has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).

The IPO is expected to raise around Rs 1,600 crore. The company plans to use the proceeds from the IPO to expand its operations, invest in technology and marketing, and for general corporate purposes. Ixigo is one of the leading online travel aggregators in India.

The company offers a wide range of travel products and services, including flights, hotels, trains, buses, and car rentals. Ixigo also provides a variety of travel-related information and services, such as travel guides, destination reviews, and trip planning tools.

The company has a strong brand presence and a large customer base. Ixigo is backed by a number of leading investors, including Sequoia Capital, SAIF Partners, and Tiger Global Management.
The company's financial performance has been strong in recent years. In the fiscal year 2022, Ixigo reported revenue of Rs 1,028 crore and profit after tax of Rs 146 crore.

The company's revenue and profit have grown steadily in recent years. Ixigo is expected to benefit from the growing online travel market in India. The Indian online travel market is expected to grow from Rs 3,980 crore in 2022 to Rs 12,790 crore by 2027.

The company's IPO is expected to be well-received by investors. Ixigo is a leading player in the online travel market in India.

The company has a strong brand presence, a large customer base, and a track record of strong financial performance. Ixigo is expected to benefit from the growing online travel market in India.

Axar Patel's all-round brilliance put Delhi Capitals in command against Sunrisers Hyderabad in their Indian Premier League match here on Thursday.

Patel smashed an unbeaten 35 off 21 and then grabbed 3-25 to guide Delhi to a comfortable 21-run win. DC posted a competitive 207-3 in their allotted 20 overs, riding on Mitchell Marsh's 63 off 48 balls and a 43-ball 56 by Prithvi Shaw.

SRH, who lost their third match on the trot, could only manage 186-8 in reply. Bhuvneshwar Kumar (32), Nicholas Pooran (30) and Aiden Markram (21) got the starts but they kept losing wickets at regular intervals, which made task difficult for them.

In the end, it was Axar, who doused any hopes of an SRH win by removing Markram, Umran Malik and Bhuvneshwar in his three overs. Earlier, put into bat, Delhi lost their captain Rishabh Pant (10) cheaply but Shaw and Marsh put on 109 runs for the second wicket to set the platform for a big total. Bhuvneshwar provided the breakthrough by dismissing Shaw in the 12th over.

Marsh was looking dangerous and brought up his fifty off 39 balls, but he holed out to Abhishek Sharma at long-on off Shreyas Gopal's bowling in the 15th over. Axar then took centre stage, smashing four boundaries and a six in his 21-ball knock as Delhi posted a challenging total.

SRH started their chase on a positive note with Abhishek (20) and Kane Williamson (19) adding 42 runs for the opening wicket. But Williamson's dismissal in the fifth over triggered a collapse as they lost four wickets for 31 runs. Abhishek, Rahul Tripathi (9) and Pooran were all dismissed in quick succession.

Markram tried to anchor the innings but he too was dismissed by Axar in the 18th over. Bhuvneshwar tried to keep SRH in the hunt with some big hits but he was also dismissed by Axar in the penultimate over.