Ixigo Unlisted Shares Company Essentials
ISIN NUMBER
INE0HV901016
FACE VALUE
₹ 1
Current Ratio
1.71
EPS
₹ -0.66
P/E Ratio
N/A
NET REVENUE
₹ 384 Cr.
NET PROFIT
₹ -21 Cr.
ROE
-11.32%
Cashflow from Operations
₹ -34 Cr.
About Ixigo Unlisted Shares
- Ixigo (Le Travenues Technology Limited) is a technology company focused on empowering Indian travellers to plan, book, and manage their trips across rail, air, buses, and hotels.
- It assists travellers in making smarter travel decisions by leveraging artificial intelligence, machine learning, and data science-led innovations on its OTA platforms, which consist of websites and mobile applications.
- The company’s vision is to become the most customer-centric travel company by providing the best customer experience to travellers in the “next billion users” segment, powered by technology, cost-efficiency, and an innovative culture.
- Ixigo (Le Travenues Technology Limited) OTA platforms allow travellers to book train tickets, flight tickets, bus tickets, hotels, and cabs while providing travel utility tools and services developed using in-house proprietary algorithms and crowd-sourced information, including train PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, flight status updates, bus running status, pricing and availability alerts, deal discovery, destination content, personalised recommendations, instant fare alerts for flights, and automated customer support services.
- The company’s registered users increased at a CAGR of 76.07% between Fiscal 2019 and Fiscal 2022, and the repeat transaction rate was 87.83% in Fiscal 2022. Further, the yearly downloads for the mobile apps on the Google Play Store and iOS app stores were 62.83 million, 69.61 million, 43.80 million, and 90 million in Fiscal Years 2019, 2020, 2021, and 2022, respectively, including the downloads for the ixigo, ConfirmTkt, and Abhibus apps from the date of these acquisitions.
- On train operations and ticketing across ixigo and ConfirmTkt combined, this year the company continued to remain the most used and largest train OTA in India, with a dominant and rising share of train B2C OTA bookings, where it worked in partnership with IRCTC. With the acquisition of Abhibus’ bus business, the company has strengthened its position in the next billion-user market. The company has more recently cross-integrated flights, buses, and trains across ixigo, ConfirmTkt, and Abhibus, allowing for more effective cross-selling of services across the three brands.
- Ixigo operates from Veritas Building, Sector – 53, Golf Course Road, Gurugram – 122 002, Haryana, India.
Market Statistics:
- The overall contribution of the travel and tourism industry has increased at a healthy rate of 5% from 539 trillion in 2015 to 671 trillion in 2019. India’s global rank in tourism spending is a respectable fifth, and it ranks tenth in terms of percentage of GDP spent.
- India’s tourism spending contributed 8% to the country’s GDP, which has grown at a CAGR of over 7% between 2015 and 2020. The sector witnessed significant disruption due to the COVID-19 pandemic, and according to the WTTC, the global travel industry suffered a total loss of over 320 trillion in the year 2020. The total Indian travel market has grown at an approximate CAGR of 10% from fiscal 2015, reaching $3.9 trillion in fiscal 2020. This market size is expected to grow by 7% and reach $5.01 trillion by 2024.
Key Growth Drivers of the OTA Industry:
The OTA industry across all travel segments is specifically driven by the following factors:
- The rising penetration of affordable smartphone users is expected to reach 829 million by 2022 and 1.1 billion in 2024.
- Telecommunication companies are expanding 4G services in rural areas with better connectivity and speed so that customers can use apps and easily book tickets online.
- The exponential growth of UPI and other multiple modes of digital payments has led to convenient and trusted online payments.
- Customers’ internet browsing habits demonstrate how they are accustomed to spending many hours online searching and comparing options before finally making a travel booking.
- The well-accepted value proposition of OTAs in providing information, convenience, and customer service as a one-stop shop for travel-related products is
- The ease of comparison between various travel options across carriers and modes augurs well with the price-sensitive nature of the Indian consumer, who is known to respond to even small price differentials.
- The ability of OTAs to offer competitive pricing on account of higher discounts from the OTAs themselves as well as offers from tie-ups with various banking and payment channels There has been a shift in the demographics of overall travellers to the age group of 18–35 years, which is dominating the Indian travel scene and comprising almost 66% of overall trips. This age group is much more comfortable using the internet to book and pay for services.
- ANALYSIS IF FY23-22
Ixigo Unlisted Shares IPO Details
- The company had filed the draught red herring prospectus (“DRHP”) dated August 12, 2021, with the Securities and Exchange Board of India (“SEBI”).
- The entire public offering of Ixigo (Le Travenues Technology Limited) comprises a fresh issue of equity shares of Rs. 750 crore and an offer for sale of up to Rs.850 crore in equity shares by the selling shareholders.
- Ixigo has currently delayed its IPO plans.
Ixigo Share Price
Ixigo share price is decided on the basis of it’s funding round that it raised from it’s investors. After that, price is decided by the forces of demand and supply as same as listed market. As of 16 December 2023, Ixigo share price is Rs 135 per share with a face value of Rs 1.
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Ixigo Valuation and Analysis
Ixigo Valuation
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
14. IPO | 12-Aug-21 | $215M | 000.00 | Announced | Generating Revenue | |
13. Secondary Transaction – Private | 27-Sep-22 | 000.00 | Completed | Generating Revenue | ||
12. Secondary Transaction – Private | 07-Oct-21 | 0000 | 000.00 | 00000 | Completed | Generating Revenue |
11. Secondary Transaction – Private | 11-Aug21 | 000.00 | 000.00 | Completed | Generating Revenue | |
10. Secondary Transaction – Private | 27-Jul-21 | 0000 | 000.00 | Completed | Generating Revenue | |
9. Later Stage VC | 27-Jul-21 | 000.00 | 000.00 | 00000 | Completed | Generating Revenue |
8. Secondary Transaction – Private | 000.00 | Completed | Generating Revenue | |||
7. Later Stage VC (Series B1) | 24-Apr-20 | 00.000 | 000.00 | Completed | Generating Revenue | |
6. Later Stage VC (Series C) | 16-Nov-18 | $75M | Cancelled | Generating Revenue | ||
5. Later Stage VC (Series B) | 17-Mar-17 | $15.3M | $23.4M | 000.00 | Completed | Generating Revenue |
Ixigo unlisted shares are available at Rs. 100 with a market capitalization of 3800 Cr. in the current market scenario. The P/E ratio stands at 165x with a pat of 23 Cr which is expected to rationalize with future growth. EaseMyTrip trades at a P/E of 48x with a market cap of 3600 cr for comparison.
Ixigo Analysis
Ixigo is India’s leading hotel booking and travel management e-commerce website. Ixigo has emerged as a formidable player in the OTA sector- Online Travel Agency.
Impressive Milestones
Ixigo has surpassed the commendable milestone of 6.6 Crore monthly active users as of March 2023 across all its platforms. Ixigo is a testament to its influence in the Indian travel industry. It has 5 crore bookings annually and over 8 crore passenger segments.
Financials
Ixigo recorded an operating revenue exceeding Rs. 500 crores for the financial year 2023. ConfirTkt and AbhiBus have acquired businesses of ixigo that are helpful to make higher scale in terms of both revenue and profitability.
Market Position
Ixigo stands as the 2nd largest OTA of India by revenue for FY 22 and FY 23, according to a recent VIDEC travel industry report. The company leads the market in train booking and holds nearly a 50% market share. Ixigo is the 2nd largest OTA for bus booking.
Revenue and Expenses
In the financial year 2022, the revenue of ixigo has increased by 517 crore. The major expenses of Ixigo are- 100 Cr in Advertising, 93 Cr in promotion, and 67 Cr in Partner support costs.
Profitability and Cash EBITDA
A significant rise from last year’s 11 Cr, the Cash EBITDA for financial year 2023. Ixigo also moved from an EBITDA loss of 7 Cr in the financial year 2022.
Revenue Segmentation
Moving from 14 Cr to 24 Cr, the ticket revenue of Ixigo has increased to 467 Cr in the financial year 2023. It was much faster than the financial year 2022, where ticket revenue was 361 Cr.
Valuation and Comparison
Ixigo unlisted shares are available at only Rs. 100 in the current market scenario. There is a market capitalization of 3800 Cr and PAT of 23 Cr. The P/E ratio of Ixigo is 165x and the P/E ratio for EaseMyTrip trades is 48x with a market capitalization of 6300 Cr.
Conclusion
Ixigo has a record of demonstrating a robust financial performance. It is backed by strategic moves and a customer-centric approach. The company has implemented its plans for an IPO due to market conditions. There will be a golden opportunity for investors to invest in Ixigo because the unlisted share price of Ixigo is available in the market. Ixigo has a strong market position and a high growth trajectory. It is well-poised for success in the travel industry of India. Ixigo presents a compelling case for consideration to investors, who are looking at pre-IPO opportunities.
Ixigo Unlisted Shares Subsidiaries
- Travenues Innovations Private Limited (a wholly owned subsidiary);
- Confirm Ticket Online Solutions Private Limited (83.68% subsidiary); and
- Ixigo Europe, S.L. (a wholly owned subsidiary)
Ixigo Unlisted Shares Board Members
Ixigo Unlisted Shares Consolidated Results
Profit and Loss Statement
*figures in Cr Except EPS
Balance Sheet
*figures in Cr
Cashflow
*figures in Cr
Ixigo Unlisted Shares FAQs
Please find below the procedure for buying Ixigo (Le Travenues Technology Limited) Unlisted Shares/Pre-IPO shares at Bharat Invest.
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Please find below the procedure for selling Ixigo (Le Travenues Technology Limited) Unlisted Shares/Pre-IPO shares at Bharat Invest.
- We will confirm our buying price of Ixigo (Le Travenues Technology Limited) Unlisted Shares/Pre-IPO shares.
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- The lockin period is of 6 months for pre-ipo investors i.e. they cannot sell their shares for 6 months after they get listed. However, they can definitely sell the shares in pre-ipo market before they get listed.
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- The value of share in unlisted space is determined in the same way as it is done in listed market. Demand and supply decide the price of any share. If the demand more than the supply, then the prices of the share increases and vice versa.
- When a new shares is introduces in the unlisted space, the value of the company is decided upon the last funding raised by company. If the company hasn’t raised any funding in the past, then the valuation is decided upon the fundamentals of the company.
- All the transactions are done DEMAT to DEMAT. All the unlisted shares traded with us are available in demat accounts and are transferred to your demat within 24 hours of payment.
The minimum ticket size for investment has reduced over the years as more and more people have started investing in the unlisted market. Currently, the minimum ticket size for LE Travelnews Technology Limited is between 30K to 50K.
Once the lock-in period ends, investors should not redeem their investments immediately. They should review the performance of the investment and then decide whether to redeem or not. In the case of ELSS mutual funds, investors should review the performance of their funds.
Buying and selling unlisted shares of Ixigo in India is undoubtedly 100% legal. Yes, it is 100% legal and safe to buy and sell unlisted shares of Ixigo in India. To buy unlisted shares of Le Travenews Technology Limited (Ixigo). However, the same is applicable when you buy unlisted shares of Le Travenews Technology Limited (Ixigo) from trusted and known unlisted share dealers. You can request a quotation or trade online on Stockify, we are ready to assist you.
They are also the third largest flight OTA in India with a market share of 12% in online air booking in FY 2021 (Source: F&S Report).
Rs 1,600 crore through public offering. According to DRHP, the offer includes Rs. Rs 850 crore as OFS (offer for sale) and Rs. Rs 750 crore as a fresh issue of equity shares.
What is the equity structure of ixigo as per the latest cap tables? Funds hold the majority of ixigo shares, at 55.88%, while Founders hold 17.64%, Enterprise holds 15.90%, Others hold 4.64%, ESOPs hold 4.46% and Angels hold 0.02%.
Rajneesh launched ixigo.com in India in 2007 and under his leadership, ixigo ranked among the top 10 downloaded travel apps worldwide and was also the 8th fastest-growing OTA app in 2022, according to Data.
Ixigo.com’s closest competitor is RailYatri.in, IndiaRailInfo.com and Confirmt.com. To understand more about ixigo.com and its competitors, sign up for a free account to explore SEMrush’s traffic analytics and market explorer tools.
Ixigo.com’s nearest competitors are RailYatri.in, IndiaRailInfo.com and Confirmt.com. To understand more about ixigo.com and its competitors, sign up for a free account to explore SEMrush’s traffic analytics and market explorer tools.
The startup reported a net loss of Rs 21.1 crore in FY2012, compared to a profit of Rs 7.5 crore in FY2011. Ixigo’s operating revenue grew 32% to Rs 501.2 crore in 2013 from Rs 379.6 crore in the previous fiscal. As a travel aggregator, ixigo earns the majority of its revenue from the sale of various travel and related services.
Ixigo is a travel and hotel booking platform based in India. It allows users to search and compare flights, hotels, and travel packages from various online travel agencies and booking websites. Additionally, ixigo provides travel-related information such as flight status, fare alerts, and travel tips. It aims to simplify the travel planning process for its users.
Bharatinvest is India’s leading investment bank. Here you can invest unlisted, pre-ipo or delisted shares of Ixigo (Le Travenues Technology Limited) at best price. At Bharatinvest, you will get all the updates regarding Ixigo (Le Travenues Technology Limited) unlisted share price, IPO news, IPO price, GMP, Ixigo (Le Travenues Technology Limited) share news, events, dividends, company related news, ISIN, lot size, Financials ( Ixigo (Le Travenues Technology Limited) Profit and loss statement, Ixigo (Le Travenues Technology Limited) Balance Sheet, Ixigo (Le Travenues Technology Limited) cash flow statement ), Peer comparision and analyst views. Investing in Ixigo (Le Travenues Technology Limited) share before ipo can help you invest in shares when they are available at low prices. Holding them on long term basis will help you create wealth in long term and enjoy compounding benefits. Our investors have made an average 250% returns by investing in pre-ipo shares. Buy Ixigo (Le Travenues Technology Limited) unlisted or Pre-ipo share at best price from our tech-platform today. You can connect with our expert financial advisors for any guidance.