Le Travenues Technology IPO GMP Today, ixigo IPO Grey Market Premium Updates | Le Travenues Technology IPO, Latest target, Opening gain
Le Travenues Technology Limited was founded in 2006 and is an online travel agency (OTA) that enables travelers to book train, flight, and bus tickets as well as hotels via its OTA platforms under the brand name “ixigo”.
The company’s list of services includes PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, alternative route or transportation planning, flight status updates, automated web check-in, bus running status, price and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts for flights, AI-based travel planning service and automated customer support.
The company has the highest app usage among OTAs with a cumulative 83 million monthly active users across its apps, according to data.ai in September 2023.
The company recently launched ixigo PLAN, an intelligent, AI-based travel planner that helps travelers plan their trips with detailed itineraries and real-time destination information. It has also launched a generative AI plugin that enables conversational interactions with ixigo PLAN.
The company has also launched a value-added service, ixigo Assured Flex, which enables the purchase of a fully flexible air or rail ticket with no additional payment for cancelation or rebooking, apart from the price difference, for all domestic flights and rail bookings at a low cost.
ixigo IPO Details:
| Issuer | ixigo IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: 10 June 2024 | |
| Issue Closes: 12 June 2024 | ||
| Price Brand | ₹88 to ₹93 per share | |
| Issue Size | ₹740.10 Cr | |
| Face Value | ₹1 per share | |
| Market Lot | 161 Shares | |
| Retail (Max) | ₹194,649 | |
| QIB | 75% | |
| HNI | 15% | |
| Retail Individual Bidders | 10% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | 79,580,900 shares | |
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ixigo IPO GMP Rates day by day
ixigo IPO Market Lot:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 161 | ₹14,973 |
| Retail (Max) | 13 | 2,093 | ₹194,649 |
| S-HNI (Min) | 14 | 2,254 | ₹209,622 |
| S-HNI (Max) | 66 | 10,626 | ₹988,218 |
| B-HNI (Min) | 67 | 10,787 | ₹1,003,191 |
ixigo IPO Date, Allotment & Listing:
| ixigo IPO Opening Date: | JUNE 10, 2024 |
| ixigo IPO Closing Date: | JUNE 12, 2024 |
| Basis of Allotment: | JUNE 13, 2024 |
| Initiation of Refunds: | JUNE 14, 2024 |
| Credit to Demat Account: | JUNE 14, 2024 |
| Listing Date: | JUNE 18, 2024 |
ixigo Financial Information (Restated Consolidated)
Le Travenues Technology Limited’s revenue increased by 34.46% and profit after tax (PAT) rose by 210.91% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 678.71 | 585.93 | 538.47 | 185.07 |
| Revenue | 497.10 | 517.57 | 384.94 | 138.41 |
| Profit After Tax | 65.71 | 23.40 | -21.09 | 7.53 |
| Net Worth | 437.13 | 373.76 | 342.69 | 29.94 |
| Reserves and Surplus | 399.83 | 334.17 | 303.22 | -212.60 |
| Total Borrowing | 43.36 | 0.54 | 2.73 | 14.94 |
| Amount in ₹ Crore | ||||
Key Performance Indicator
The market capitalization of ixigo IPO is Rs 3603.04 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| RoNW | 15.26% |
| P/BV | 8.14 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.62 | 2.26 |
| P/E (x) | 148.87 | 41.12 |
Objects of the Issue (ixigo IPO Objectives)
The company proposes to utilize the Net Proceeds towards funding the following objects:
- Part-funding working capital requirements of the company;
- Investments in cloud infrastructure and technology; and
- Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
ixigo IPO ALLOTMENT STATUS
How to Apply for ixigo IPO?
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How to Apply ixigo IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “ixigo”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply ixigo IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “ixigo”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.
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IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
ixigo IPO is a main-board initial public offering of 79,580,900 Equity shares of the face value of ₹1 aggregating up to ₹740.10 Crores. The issue price of the IPO is ₹88 to ₹93 Per Equity Share. The minimum order quantity is 161 Shares per application and the offer type is Book Built Issue. The IPO opens on June 10, 2024 and closes on June 12, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The ixigo IPO opens on June 10, 2024 and closes on June 12, 2024.
You can apply in ixigo IPO online using either UPI or ASBA as payment method. Axis Capital Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) and Jm Financial Limited are the book running lead managers of the ixigo IPO, while Link Intime India Private Ltd is the registrar for the issue.
The finalization of Basis of Allotment for ixigo IPO will be done on June 13, 2024, and the allotted shares will be credited to your demat account by June 14, 2024. Check the ixigo IPO allotment status.
The ixigo IPO listing date is not yet announced. The tentative date of ixigo IPO listing is June 18, 2024.
ixigo IPO lot size is 161 Shares and the minimum order quantity is 1 Shares.