Ixigo share seems their IPO listing is exceeding expectations. Here’s a breakdown based on the current time (13:02 IST, June 18, 2024):
Ixigo share price: The stock has hit the 20% upper circuit, which means it’s currently trading at its maximum permissible limit for the day. This indicates strong demand and a positive market reaction.
- Offer Price: The price band for ixigo’s IPO shares was set between ₹88 and ₹93 per share.
- Pre-IPO Funding: Le Travenues Technology, ixigo’s parent company, managed to raise ₹333 crore from anchor investors before the IPO launch.
- Book Running Lead Managers (BRLM): Three investment firms – Axis Capital, DAM Capital Advisors, and JM Financial – acted as the BRLMs for the ixigo IPO.
This additional information provides a clearer picture of ixigo’s IPO strategy and the level of investor interest before the listing.