StageShareholder Liquidity | Alive
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Latest Micromax Informatics News
Dec 22, 2022
Le Travenues Technology Ltd., which operates travel platform Ixigo, has received approval of Securities and Exchange Board of India to raise Rs 1,600 crore through an initial public offering. The capital markets regulator has issued an observation letter to the company, indicating its go-ahead for the Ixigo IPO. The listing is likely in January-February, according to a person aware of the matter. According to the draft red-herring prospectus, the Ixigo IPO comprises a fresh issuance of shares worth Rs 750 crore and an offer-for-sale of equity shares worth Rs 850 crore by existing shareholders. As part of the OFS, SAIF Partners India IV will offload shares worth Rs 550 crore, Micromax Informatics will sell shares for Rs 200 crore and cofounders Aloke Bajpai and Rajnish Kumar will divest stakes worth Rs 50 crore each. Currently, SAIF Partners holds 23.97% stake in the company, Micromax 7.61%, Aloke Bajpai 9.18% and Rajnish Kumar 8.79%. The proceeds of the fresh issue will be used to fund the company's organic and inorganic growth initiatives and for general corporate purposes. (PTI)
Micromax Informatics Frequently Asked Questions (FAQ)
Where is Micromax Informatics's headquarters?
Micromax Informatics's headquarters is located at 288A, Udyog Vihar Phase IV, Gurgaon.
What is Micromax Informatics's latest funding round?
Micromax Informatics's latest funding round is Shareholder Liquidity.
How much did Micromax Informatics raise?
Micromax Informatics raised a total of $55M.
Who are the investors of Micromax Informatics?
Investors of Micromax Informatics include Sandstone Capital, TA Associates, Madison India Capital, UNISOC and Sequoia Capital.
Who are Micromax Informatics's competitors?
Competitors of Micromax Informatics include Huaqin Telecom Technology and 2 more.
Compare Micromax Informatics to Competitors
Leshi Zhixin Electronic Technology (新乐视智家), aka LeTV Zhixin, is a Chinese television manufacturer.
Xiaotiancai Technology manufactures electronics products. Its products include television sets, MPEG audio layer 3 (MP3) players, digital cameras, and cell phones. It was founded in 1995 and is based in Dongguan, China.
Huaqin Telecom Technology is a mobile phone developer and manufacturer. The company develops products including smartphones, tablets, laptop computers, servers, and IoT devices.
Meizu is a consumer electronics company that manufactures smartphones, earphones, speakers, power banks, and more. It also offers a marketplace that allows consumers to buy its products online. The company was founded in 2003 and is based in Zhuhai, China. In January 2023, Meizu was acquired by Geely. The terms of the transaction were not disclosed.
Xiaomi (HKG: 1810) is focused on self-developed high-end smartphone mobile devices with low price-points. The company's product range includes Mi and Redmi smartphones, Mi TVs and set-top boxes, Mi routers, and Mi Ecosystem products including smart home products, wearables, and other accessories.
Apple (NASDAQ: AAPL) is a multinational technology company that designs, develops, and sells consumer electronics, computer software, and online services. Its hardware products include the iPhone smartphone, the iPad tablet computer, the Mac personal computer, the iPod portable media player, the Apple Watch smartwatch, and the Apple TV digital media player. Apple's consumer software includes the macOS and iOS operating systems, the iTunes media player, the Safari web browser, and the iLife and iWork creativity and productivity suites. Its online services include the iTunes Store, the iOS App Store and Mac App Store, Apple Music, and iCloud.
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