With a forward-looking and infrastructure-focused Union Budget for FY23, travel tech major Ixigo is eyeing a stock market debut.

With new Vande Bharat trains due in three years and ECLGS support for the hospitality sector, the company claims that the travel industry will benefit from increased consumer demand.

The Securities and Exchange Board of India (SEBI) approved Le Travenues Technology Limited's INR 1600 crore initial public offering in December. There will be 750 crores of new issues and 850 crore offer-for-sale.

Nirmala Sitharaman, India's Finance Minister, presented the Union Budget for 2022-23 in Lok Sabha, announcing the development and construction of 400 new Vande Bharat trains with improved energy efficiency and passenger experience. Adding trains will increase travel and, consequently, traffic on booking and reservation platforms like IRCTC, Ixigo, and Confirmtkt. It will be a great opportunity for Ixigo because demand will rise.