BENGALURU : Online travel portal ixigo is looking to raise ₹750 crore through a primary issue of shares, as part of its ₹1,500-1,800 crore initial public offering (IPO) expected later this fiscal year, two people aware of the discussions said, requesting anonymity. In the run-up to its IPO, ixigo also appointed Ravi Shanker Gupta as its new chief financial officer. Launched in 2007, Gurugram-based ixigo is an online travel platform offering train, flight and bus ticket bookings. In March, the initial public offering of travel portal Easy Trip Planners, which operates EaseMyTrip.com, was subscribed 160 times. The qualified institutional buyer (QIB) portion was subscribed 78 times, while the retail portion was subscribed 70.78 times, Mint had reported.

Source: Mint May 24, 2021 17:26 UTC