Market sources suggest that the continuous decline in OYO’s valuation is because of ambiguity over its listing because of poor appetite for the stock at prevailing valuations
The IPO comprises a combination of fresh issuance of shares valued at ₹120 crore and an offer-for-sale (OFS) of 6,66,77,674 equity shares by existing shareholders.
The issue comprises a fresh equity sale worth Rs 120 crore and an offer for sale (OFS) of 6.66 crore shares. Under the OFS, SAIF Partners, Peak XV Partners, Aloke Bajpai, Rajnish Kumar among others will offload shares.
When most other OTA players were cutting costs and firing people, ixigo hired a team of 50 customer-care executives to attend to its customers during the first phase of the lockdown. Result: the portal’s sales volumes surpassed pre-Covid levels in Q3 of 2020 due to immense word-of-mouth publicity. Co-founder & CEO Aloke Gupta talks about what has kept ixigo going.