Le Travenues Technology Limited (ixigo)

Le Travenues Technology Limited (ixigo)

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₹14,973 / 161 Shares

Offer Date:Jun 10, 2024 - Jun 12, 2024
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Le Travenues Technology Limited (ixigo) IPO Details

The Le Travenues Technology Limited (ixigo) IPO price band is set between ₹88-93 per equity share, with a face value of ₹1 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.

The IPO date for subscription opens on 10 Jun, 2024 and closes on 12 Jun, 2024. Investors can check the allotment status on 13 Jun, 2024, while the listing date is tentatively scheduled for 18 Jun, 2024.

The total issue size is Total ₹740.10 Cr :#Fresh Issue : 12,903,226 shares, aggregating up to ₹120.00 Cr. Stay tuned for the latest Le Travenues Technology Limited (ixigo) IPO review and GMP updates.

Le Travenues Technology Limited (ixigo) IPO Review, Rating & Analysis

Le Travenues Technology Limited (ixigo) IPO Review

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Le Travenues Technology Limited (ixigo) IPO Rating

Le Travenues Technology Limited (ixigo) IPO Highlights

IPO Date

Jun 10, 2024 - Jun 12, 2024

Listing Date

18 Jun, 2024

Face Value

₹1 Per Equity Share

Price Band

₹88-93 per equity share

Lot Size

161 Shares

Fresh Issue

12,903,226 Shares

Offer for Sale

66,677,674 shares of ₹1

Listing At

BSE, NSE

Le Travenues Technology Limited (ixigo) IPO Lot Size

The minimum market lot for Le Travenues Technology Limited (ixigo) IPO is 161 shares with an application amount of ₹14,973. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.

ApplicationLotsSharesAmount
Retail (Min)1161₹14,973
Retail (Max)132093₹1,94,649
S-HNI (Min)142254₹2,09,622
S-HNI (Max)6610626₹9,88,218
B-HNI (Min)6710787₹10,03,191

Le Travenues Technology Limited (ixigo) IPO Timeline

IPO Open Date
10 Jun, 2024
IPO Close Date
12 Jun, 2024
Basis of Allotment
13 Jun, 2024
Listing Date
18 Jun, 2024

Issue Price

₹88-93 per equity share

Face Value

₹1 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

Lead Manager

Axis Capital LimitedDam Capital Advisors Ltd (Formerly Idfc Securities Ltd)Jm Financial Limited

Issue Size

Total ₹740.10 Cr :
#Fresh Issue : 12,903,226 shares(aggregating up to ₹120.00 Cr) +
#OFS : 66,677,674 shares of ₹1(aggregating up to ₹620.10 Cr)

Le Travenues Technology Limited (ixigo) IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 23585.93517.5723.40373.76334.170.54
31 Mar 22538.47384.94-21.09342.69303.222.73
31 Mar 21185.07138.417.5329.94-212.6014.94

All values are in ₹ Cr.

Le Travenues Technology Limited (ixigo) IPO Valuations

EPS Pre IPO

₹0.62/-

EPS Post IPO

₹2.26/-

PE Pre IPO

148.87

PE Post IPO

41.12

ROE

-

ROCE

-

Debt Equity

-

RoNW

15.26%

PAT Margin

-

Price to Book Value

8.14

Promoters & Share Holding

Promoter(s) Name

Share Holding Pre IssueShare Holding Post Issue
N/A%N/A%

About 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.

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Le Travenues Technology Limited (ixigo) IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved23,874,271
11,937,134

7,958,089    3,979,045
7,958,08943,769,494
Day 1 -10-06-24 05:00 PM
0.12 x
2.78

2.44 x   3.47 x
6.21 x1.95 x
Day 2 -11-06-24 05:00 PM
0.79 x
20.14

19.21 x   22.01 x
18.73 x9.33 x
Day 3 -12-06-24 05:00 PM
106.73 x
110.25

117.40 x   95.94 x
53.95 x98.10 x
Total No. of Applications:26,55,149 (Approx)
Retail Subscription:

Retail:49.1x

BHNI:22.38x

SHNI:91.6x times

Company Contact Details

Le Travenues Technology Limited (ixigo)

Second Floor, Veritas Building, Sector - 53, Golf Course Road, Gurugram - 122 002

Phone: +91 124 668 2111

Email: investors@ixigo.com

Website: http://www.ixigo.com/

Registrar Contact Details

Link Intime India Private Ltd

Frequently Asked Questions about Le Travenues Technology Limited (ixigo) IPO

When will Le Travenues Technology Limited (ixigo) IPO open for subscription?

The Le Travenues Technology Limited (ixigo) IPO opens on 10 Jun, 2024 and closes on 12 Jun, 2024.

What is the investors portion for Le Travenues Technology Limited (ixigo) IPO?

The investors' portion for QIB is 106.73 x, NII is 117.40 x, and Retail is 53.95 x.

How to apply for Le Travenues Technology Limited (ixigo) IPO?

You can apply for Le Travenues Technology Limited (ixigo) IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.

What is the issue size of Le Travenues Technology Limited (ixigo) IPO?

The issue size of Le Travenues Technology Limited (ixigo) IPO is approx ₹Total ₹740.10 Cr :#Fresh Issue : 12,903,226 shares(aggregating up to ₹120.00 Cr) +#OFS : 66,677,674 shares of ₹1(aggregating up to ₹620.10 Cr) crores.

What is the price band of Le Travenues Technology Limited (ixigo) IPO?

The price band for Le Travenues Technology Limited (ixigo) IPO is ₹88 to ₹93 per equity share.

What is the lot size of Le Travenues Technology Limited (ixigo) IPO?

The minimum bid (lot size) for Le Travenues Technology Limited (ixigo) IPO is N/A shares with an investment of approx ₹14,973 .

What is the allotment date of Le Travenues Technology Limited (ixigo) IPO?

The allotment date for Le Travenues Technology Limited (ixigo) IPO is 13 Jun, 2024.

What is the listing date of Le Travenues Technology Limited (ixigo) IPO?

The listing date for Le Travenues Technology Limited (ixigo) IPO is expected to be 18 Jun, 2024.

What is the GMP of Le Travenues Technology Limited (ixigo) IPO?

The latest Grey Market Premium (GMP) for Le Travenues Technology Limited (ixigo) IPO is being updated regularly on IPOROCK.

PD

Parth D.

Founder & Lead Analyst

Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.

Le Travenues Technology Limited (ixigo) IPO Date, Review, Price, Allotment Details, GMP | IPOROCK