Ixigo closes pre-IPO secondary sale at Rs 176 crore

Investors in online travel booking platform Ixigo’s parent company, Le Travenues Tech, sold shares worth Rs 176 crore in the company ahead of its pre-IPO anchor investor allocation, according to an addendum to its regulatory filing.

In this secondary sale, Elevation Capital, Peak XV Partners, Micromax Informatics and Madison India sold 18.9 million shares at Rs 93 each, the upper end of the company’s IPO price band, Ixigo said in the addition to the red herring prospectus.