Potential investor eyes up to 16% stake in Ixigo via primary and secondary acquisition

A potential investor is in talks to acquire up to a 16% stake in travel-tech firm Le Travenues Technology Limited (Ixigo) through primary and secondary transactions, according to a regulatory filing made by the company on Tuesday.

In its disclosure to the BSE and NSE, Ixigo said it received an intimation from a potential investor expressing interest in purchasing shares either directly or through its affiliates. However, the company clarified that no definitive agreements or binding arrangements have been executed so far.

“The proposed acquisition would be by way of primary and secondary acquisitions, and our aggregate shareholding, including affiliates, pursuant to the company’s proposed fundraise and the aforementioned secondary acquisitions, will not exceed 16%,” the disclosure quoted the investor as saying.

The move comes at a time when Ixigo has been witnessing growing investor interest following its successful IPO in June 2024, where the company made a strong debut on the stock exchanges. Recently, Global asset manager Schroder Investment Management has increased its stake in Le Travenues Technology Limited.

On the financial front, Ixigo’s revenue from operations surged 72.5% to Rs 314 crore in Q1 FY26, in contrast to Rs 182 crore in Q1 FY25. During the period, the company’s net profit grew 27% year-on-year to Rs 19 crore in Q1 FY26 from Rs 15 crore in Q1 FY25.

If the deal materializes, it could mark one of the most significant secondary share movements in Ixigo post-listing. The company’s price is currently tarded at Rs 307.8 with the total market capitalization of Rs 12,012 crore ($1.36 billion).