Ixigo, a travel booking platform, made a stellar debut on the stock market, listing at a 48% premium to its IPO price and hitting the upper circuit shortly thereafter. The IPO was oversubscribed 98.3 times, marking a significant milestone for the company, which has been 18 years in the making. The listing has driven Ixigo's pandemic acquisitions into the ₹100-crore club. Venture funds like Elevation and Peak XV have seen substantial returns on their investments. Despite an initial rally, Ixigo's stock saw a decline of over 10% two days later. Ixigo's co-founders, Aloke Bajpai and Rajnish Kumar, have been praised for their resilience and long-term vision. Ixigo logged the second highest listing day gain among new age peers, and its stock briefly touched the upper circuit on the BSE in pre-open trading.
⏬Two day rally comes to an end. Ixigo stock down more than 10% today. Meanwhile Sensex is 140 points up. @ETtech https://t.co/rQDE3i0G6W https://t.co/47fE2akyRE
#MarketsWithBS | ixigo IPO may put spotlight on Easy Trip, Yatra; Are they worth your money? Read @nikita_vashisht report to find out #ixigoIPO #ixigo #Markets #EasyTrip #Yatra #Investment #sharemarket #stocckmarket #Buzzingstocks https://t.co/kGAbZNSKwl
#TechWithMC | 25 upcoming unicorns dropped out of the list of Hurun India Future Unicorn Index 2024. Which startup got promoted to unicorns this year? 🧐 Read to know ⏬ https://t.co/JXtGhNPVRa #Starups #Zepto #Porter #Technology
#CNBCTV18Market | Newly listed Le Travenues Tech (Ixigo) down more than 8% https://t.co/zK67UETKSR
We were doubted and written off but never gave up belief in ourselves: Ixigo's @alokebajpai @farooqui_maryam ✍️ https://t.co/m6vhpE1O1l
Good morning! Start your day with top stories on ETtech: ■ Impact of GCC boom ■ @Infosys staffers cling to WFH in FY24 ■ @myawfis swings into black in Q4 ■ @reshamandi fires 80% staffers ■ ETtech Done Deals https://t.co/Faebnp9VC4
#MCTech3 | Top tech and startup news this evening - ✳️Inside Zomato's Paytm Insider play ✳️Paytm charts recovery path ✳️Infosys targets key sectors with AI marketing suite Sign up for the newsletter⤵️ https://t.co/nenUDNqSzP #Zomato #Paytm #Infosys
MC Tech3 | Top tech and startup news this evening - ✳️Inside Zomato's Paytm Insider play ✳️Paytm charts recovery path ✳️Infosys targets key sectors with AI marketing suite Sign up for the newsletter⤵️ https://t.co/nenUDNqSzP #Zomato #Paytm #Infosys
MC Tech3: Top tech and startup news this evening 🔻 ⭐ Inside Zomato's Paytm Insider play ⭐ Paytm charts recovery path ⭐ Infosys targets key sectors with AI marketing suite Sign up for the newsletter: https://t.co/nenUDNqSzP
🚨In today's Tech3 edition: 👉Inside Zomato's Paytm Insider play 👉Paytm charts recovery path 👉Infosys targets key sectors with AI marketing suite Also, interview with Ixigo founders Read & sign up 👇https://t.co/FtAk6UgMSp.
ETtech #Top5 | #Ixigo's stock rally continues; retro tax relief likely for #egaming cos Also in the letter: ■ #ETtech Done Deals ■ @nvidia becomes most valuable #company ■ @OpenAI pact has privacy guardrails: @Apple https://t.co/F7PU2yvIqr
Loyalty, discoverability, frequency: Decoding Zomato’s bid to acquire Paytm Insider https://t.co/XjaeXNxqOS by @deepsekharc
🥻🥻Today for @EconomicTimes front page ⭐️Ethnic wear is gaining traction. Among both, the Gen Z pop and risk capital investors ⭐️New-age brands in the ethnic/Indian wear space are growing rapidly ⭐️Brands such as Suta, Libas, Koskii, Fashor are among the hottest ones https://t.co/YMtiWWYCkJ
#TechWithMC | @Paytm sees green shoots of improvement in company's key metrics but not out of the blues yet. Here's more on it 🔽 https://t.co/srNZpJeTQS @AnandJRAnand @nainasood | #Paytm #DigitalPayment #UPI
#MCTrends | 🚀 From a 1-room office to IPO glory! Ixigo co-founders capture their journey in two powerful snapshots. Read on more here⤵️ https://t.co/9RkRnbENt0 #Ixigo #IPO #founders
#TechWithMC | 📈 Paytm sees signs of recovery as it shifts focus from mobile wallet to UPI for growth. Know more on it here⤵️ https://t.co/srNZpJeTQS #Paytm #mobilewallet #UPI #growth
Loyalty, discoverability, frequency: Decoding Zomato's bid to acquire Paytm Insider By @deepsekharc https://t.co/5dlysSdFwq via @moneycontrolcom
#TechWithMC | Zomato eyes Paytm Insider to boost loyalty with integrated rewards, enhance discovery of events, & cross-sell food 🍔🎟️ Read here👇 https://t.co/hwofcXwnOf #Zomato #PaytmInsider #Integration #events #food
🚀Ixigo stock continues to rally. Up 15% again today. Briefly touched the upper circuit on the BSE in pre-open. Note: Sensex trading flat. https://t.co/dfMsr9gFYc https://t.co/hkDL8Nl8zj
Good morning! ☀️ Here are the top tech and startup stories on ETtech: ■ #GenZ laps up ethnic fashion brands ■ Warburg Pincus-@whatfix deal ■ Indian techies lead cricket culture in US ■ Govt to review IndiaAI Mission progress https://t.co/Kk52F0gge8
This week in Dealmaker: Indian instant delivery company Zepto is closing in on a $660 million round at a $3.6 billion valuation. An extremely rare up round for a startup outside AI. https://t.co/Uw2qJVyNaJ
#TechWithMC | Ixigo's stellar listing drives pandemic acquisitions into ₹100-crore club! 🚀 Know more ⤵️ https://t.co/my3EXmIYcj #Ixigo #Micromax #SAIF #PeakXV #acquisition https://t.co/t0e05BXpJV
#MCTech3 | Top tech and startup news this evening ✅Ixigo sees a bumper listing ✅Google's Gemini goes desi ✅Karnataka uses AI to fight exam cheating Sign up for the newsletter ⤵ https://t.co/Tn9WVIZraA #Topnews #tech #startups #google #ixigo #ai
#Ixigo logs second highest listing day gain among new age peers @deepsekharc @alokebajpai https://t.co/Bhx1eFFiLU https://t.co/W1YIK96UKi
⏳✈️Ixigo made a stellar stock market debut today. 💥Listed at 48% to its IPO price. 💥Hit the upper circuit shortly thereafter. 💥Issue was oversubscribed 98.3 times What does this mean? A 🧵
🚨 Today in Tech3 One quick thing: Govt's 100-day plan prioritises chip production In today’s newsletter: Ixigo sees a bumper listing Google's Gemini goes desi Karnataka uses AI to fight exam cheating P.S: The Indian stock market has frogs, pigs, vultures and apes - which…
#TechWithMC | Telecom mega deals make a comeback for IT sector! 📈 Top firms like TCS, Infosys, HCLTech, and Wipro score big with $500M+ contracts.🚀 Read more 👇 https://t.co/0Q1N9L0O65 #Telecom #IT #TCS #HCLTECH #Wipro @debanganaghosh4
#TechWithMC | Ixigo's stellar listing drives pandemic acquisitions into ₹100-crore club! 🚀 Know more⤵️ https://t.co/my3EXmIYcj #Ixigo #Micromax #SAIF #PeakXV #acquisition
🚨🚨Ixigo is an outcome 18 years in the making. This is an interview every founder must read. Deeply inspired by @alokebajpai, @rajnishkumar, and their sheer resilience. https://t.co/SEw18rs0W7
🚨🚨Ixigo is an outcome 18 years in the making. This is an interview every founder must read. @madhavchanchani and I are deeply inspired by @alokebajpai, @rajnishkumar, and their sheer resilience. https://t.co/SEw18rsyLF https://t.co/AmyZwgHRPe
💰Ixigo’s bumper listing drives its pandemic acquisitions into Rs 100-crore club https://t.co/AKqt4XBqNR by @deepsekharc
💰📈Ixigo’s stellar stock market debut: Here’s what venture funds Elevation, Peak XV made on their investments https://t.co/RhKXEnqjXG