The issue worth Rs 16,600 crore ($2.2 billion) comprises a fresh issue of equity shares of the face value of Rs 1 each, aggregating to Rs 8,300 crore and the offer for sale by the existing shareholders, aggregating to Rs 8,300 crore.
The issue worth Rs 16,600 crore ($2.2 billion) comprises a fresh issue of equity shares of the face value of Rs 1 each, aggregating to Rs 8,300 crore and the offer for sale by the existing shareholders, aggregating to Rs 8,300 crore.
Last month, as part of its pre-IPO round, the company raised $53 million (Rs 395 crore) from investors led by Singapore sovereign wealth fund GIC with participation from investors such as Info Edge Ventures, White Oak, Bay Capital, Orios Venture Partners, Trifecta Capital and Malabar Investments.
Ixigo's IPO will consist of a fresh issue of Rs 750 crore and an offer for sale of Rs 850 crore by existing investors, including Micromax and Elevation Capital