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Le Travenues Technology Limited, the parent company of the travel booking platform Ixigo, has allocated shares worth Rs 333 crore ($40 million) to anchor investors as part of its initial public offering (IPO). The board at Ixigo has approved the offer of 3,58,11,405 equity shares at a price of Rs 93 each to anchor investors, according to regulatory filings accessed from the Bombay Stock Exchange. This move follows the announcement of a pre-IPO secondary placement of Rs 176.2 crore ($21 million) at the highest price point. Key anchor investors in Ixigo’s IPO include SBI, HDFC, Morgan Stanley, Nomura Fund, 3P India, Motilal Oswal, Malabar, Bajaj Allianz, and Tata Investments. Of the total shares allocated to anchor investors, 1,20,87,583 equity shares were allotted to four domestic mutual funds across seven schemes, as stated in the filing. Ixigo's public offering will take place from June 10th to June 12th, 2024, with a price range of Rs 88-93 per share and a minimum bid quantity of 161 shares. Before the anchor investment round, SAIF Partners held 20.52% of the company, while Peak XV and Micromax held 13.81% and 5.52%, respectively. Ixigo’s co-founders Aloke Bajpai and Rajnish Kumar collectively owned 16.65% of the company. Ixigo exhibited strong growth in the first nine months of the last fiscal year (FY24), with operating revenue reaching Rs 491 crore and a significant profit of Rs 65.7 crore during the same period.