Le Travenues Technology Ltd (IXIGO)

CLOSED

IPO Date: 10 Jun - 12 Jun 2024

Listing Date: 18 Jun 2024

Price Range

₹88 to ₹93 per share

Issue Size

740.1 Cr

Min Investment

14,168

Lot Size

161 Shares

Schedule of Le Travenues Technology Ltd (IXIGO)

Issue open date

10 Jun 2024

Issue close date

12 Jun 2024

UPI mandate deadline

12 Jun 2024 (5 PM)

Allotment finalization

13 Jun 2024

Share credit

14 Jun 2024

Listing date

18 Jun 2024

Mandate end date

27 Jun 2024

Issue size

Funds Raised in the IPOAmount
Overall740.1 Cr
Fresh Issue0 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date13 Jun 2024
Allotment Link{Link}

Grey Market PremiumNew

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIpo PriceGMPEstimated Listing Price

Performance Le Travenues Technology Ltd (IXIGO)

Issue PriceListing GainCurrent Market PriceP/L
₹88 to ₹93 per share 246 (78.19%) 134.0644.15%

About Le Travenues Technology Ltd (IXIGO)

**ABOUT THE COMPANY** 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 various OTA platforms offered by ixigo include: * The ixigo trains and Confirmtkt app: They facilitate the travel planning and booking process by enabling users to search for available train tickets for travel across India, book and pay for the selected tickets, receive tickets through various fulfillment methods such as e-mail, SMS, and Whatsapp, access real-time information on train arrivals and departures and avail the required post-sales support. * ixigo-flights mobile app: It allows users to search and book all our travel products and services, including air tickets, train tickets, buses and hotels. Users can access all past and future bookings, check and amend booking details, and request e-tickets and details via messaging platforms. The app is available for both Android and iOS operating systems. * Abhibus app: It allows users to check the amenities offered, compare booking prices, check bus schedules on the desired route and use other facilities. It is available through both the website and the mobile app. 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. As of December 31, 2023, the company had 486 full-time employees, and 4 consultants working under consultancy agreements.

Founded in2006
Managing director
Parent organization

Financial Overview

Strengths

    Risks

      Subscription Figures

      CategorySubscription (No. of times)
      Qualified Institutional Buyers (QIBs)106.73
      Non-Institutional Investors (NIIs)110.25
      Retail Individual Investors (RIIs)53.95
      EmployeeN/A
      Total98.1