Ixigo IPO Good news for speculative investors. The company’s IPO was 100% subscribed on the first day. The good thing for investors is that IPOs are doing well in the gray market. Let us tell you that bets can be placed on the IPO of the company even today. It will remain open for investors till tomorrow i.e. 12th June.
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About 2 times the subscription on the first day
Ixigo IPO received 1.95 times subscription on first day i.e. Monday. The IPO was oversubscribed 6.17 times in the retail category. At the same time, the non-institutional investor category received 2.78 times subscription. Let us tell you that 12 percent subscription was received in the qualified institutional buyers section.
Investors who bet on the IPO will be allotted shares by the company on June 13. At the same time, listing of the company on BSE and NSE is possible on June 18, 2024.
Big news about the company, shares rallied on Monday, investors happy.
14,973 has to be bet
The company’s IPO price band is Rs. 88 to Rs. 93 per share. Whereas, the lot size of Ixigo IPO is 161 shares. In such a situation any investor has to bet at least Rs 14,973. Let us tell you that the company had collected Rs 333.05 crore through anchor investors. The IPO was opened to anchor investors on June 7.
Boom in the gray market
Talking about the gray market, the condition of Ixigo IPO has improved here. Yesterday evening IPO in gray market Rs. was available at a premium of 26. Whereas just a day ago it was at a premium of Rs 23. If today’s trend continues till the listing, investors can get 28 percent profit from the IPO on the first day itself. The company is trying to raise Rs 740.10 crore through the IPO.