Ixigo IPO / Le Travenues Technology Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jun 16, 2024Let’s have a detailed review of the company and analytics of the Ixigo IPO release date, IPO offer price, subscription or Le Travenues Technology IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 1 |
| Price Band | Rs 88 to Rs 93 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 161 Shares |
| Listing Date | June 18, 2024 |
| Offer for Sale | Rs 620.10 Crore |
| Fresh Issue | Rs 120.00 Crore |
| IPO Size | Rs 740.10 Crore |
| Tick Size | 1 |
Ixigo IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Ixigo IPO – Summary
They are a technology company focused on empowering Indian travellers to plan, book, and manage their trips across rail, air, buses, and hotels.
They assist travellers in making smarter travel decisions by leveraging artificial intelligence, machine learning, and data science-led innovations on their OTA platforms, comprising their websites and mobile applications.
Their vision is to become the most customer-centric travel company, by offering the best customer experience to their users. The Promoter of this company is PROFESSIONALLY MANAGED.
The lead manager to the issue is Axis Capital Limited, DAM Capital Advisors Limited, and JM Financial Limited, and the Registrar to this issue is Link Intime India Private Limited.
Ixigo IPO Date
The opening and closing date of Ixigo IPO are June 10, 2024, and June 10, 2024, respectively.
Check out Related IPO Links:
| Le Travenues Technology IPO GMP |
| Allotment – Le Travenues Technology IPO |
Ixigo IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 10th Jun | 0.11x | 1.75x | 4.91x | 1.43x |
| 2nd Day – 11th Jun | 0.79x | 20.20x | 18.92x | 9.38x |
| 3rd Day – 12th Jun | 106.73x | 110.25x | 53.95x | 98.10x |
| Shares Offered or Net Issue | 23,874,271 | 11,937,134 | 7,958,089 | 79,580,899 |
The shares subscribed by the public will be updated here.
Check Ixigo IPO LIVE Subscription
- Ixigo IPO LIVE Bid details on BSE
- Ixigo IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Ixigo IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Le Travenues Technology IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | June 13, 2024 |
| Refunds Initiation | June 14, 2024 |
| Credit of Shares to Demat Account | June 14, 2024 |
| Share Listing Date | June 18, 2024 |
Ixigo IPO Price Band
The face value of each share is Rs.1, but the price band of the IPO is Rs 88 to Rs 93
Ixigo IPO Size or Le Travenues Technology IPO size
This Initial Public Issue of 79,580,900 Equity Shares of Rs.1 each for cash at a price of Rs 88 to Rs 93 per equity share aggregating to Rs.740.10 Crore.
Ixigo IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 12,903,226 Equity Shares of Rs.1/ each.
Issue Size: 79,580,900 Equity Shares of Rs.1 each, aggregating to Rs.740.10 Crore
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Ixigo IPO Live Performance
The listing date of this IPO is June 18, 2024. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Ixigo Share Price |
Ixigo IPO Grey Market Premium
The Le Travenues Technology Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Ixigo IPO – Company Overview
Their OTA platforms allow travellers to book train tickets, flight tickets, bus tickets, hotels, and cabs while providing travel utility tools and services developed using in-house proprietary algorithms and crowd-sourced information.
According to the F&S Report, they are the leading travel ecosystem for the ‘next billion users, with their focus on localized content and app features that aim at solving the problems of travellers.
They are the largest Indian OTA in the online train bookings segment and their train-centric mobile applications, ixigo trains, and ConfirmTkt were collectively the leading B2C distribution platforms for IRCTC with a 42% market share.
Their bus-focused app, AbhiBus, was the second-largest bus-ticketing OTA in India, with a 10% market share in online bus ticket bookings, in Fiscal 2021.
They are also the third-largest flight OTA in India with a market share of 12% in online air bookings in Fiscal 2021
Ixigo IPO / Le Travenues Technology – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||||
| 31-Dec-23 | 31-Dec-22 | Mar-23 | 31-Mar-22 | 31-Mar-21 | |
| Total Assets | 6,787.08 | 5,751.21 | 5,859.25 | 5,384.71 | 1,850.71 |
| *Total Revenue | 4,970.97 | 3,787.21 | 5,175.73 | 3,849.41 | 1,384.06 |
| Total Expense | 4,754.83 | 3,571.90 | 4,842.92 | 4,025.41 | 1,356.99 |
| Profit After Tax | 657.12 | 186.62 | 233.96 | (210.94) | 75.33 |
Earnings per Equity Share (in Million)
| 31-Dec-23 | 31-Dec-22 | Mar-23 | 31-Mar-22 | 31-Mar-21 | |
| Basic | 1.80 | 0.46 | 0.58 | (0.66) | 0.25 |
| Diluted | 1.75 | 0.45 | 0.57 | (0.66) | 0.25 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2020, were Rs. 233.96 Million, Rs. (210.94) Million and Rs. 75.33 Million respectively.
Ixigo IPO – Promoters
The Promoter of this company is:
- PROFESSIONALLY MANAGED
List of Related Parties (Key Managerial Personnel)
- Aloke Bajpai, Chairman, Managing Director, and Group CEO
- Rajnish Kumar, Non-Executive Director, and Group CPTO
- Ravi Chandra Adusumalli, Non-Executive Director
- Shailesh Lakhani, Non-Executive Director
- Arun Seth, Independent Director
- Frederic Lalonde, Independent Director
Ixigo IPO – Promoters Holding
- Pre Issue Share Holding – %
- Post Issue Share Holding – %
Ixigo IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.740.10 Crore |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 216,907,200 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Ixigo IPO Issue Object / Le Travenues Technology Issue
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Organic and inorganic growth initiatives; and
2. General corporate purposes.
Ixigo IPO / Le Travenues Technology – Business Strategy
- Continue to deepen penetration and enhance their offerings for the ‘next billion users’ segment
- Increase monetization through cross-selling and up-selling
- Improve operating leverage through investment in deep tech and AI
- Drive value creation through selective strategic partnerships and acquisitions
Ixigo IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Market leader with deep penetration in the underserved ‘next billion users’ segment;
- AI and technology-driven operations;
- Strong consumer travel brand built with a user-first approach;
- Strong unit economics with high operating leverage and organic flywheel; and
- Experienced management team with a lean organization structure
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 0.58 | 5.74 | 9.79 |
| 31-Mar-22 | (0.66) | (7.15) | – |
| Mar-21 | 0.25 | 24.13 | – |
Ixigo IPO / Le Travenues Technology: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Le Travenues Technology Limited | 1 | [●] | 0.58 | 5.74 | 5,175.73 |
| Listed Peers | |||||
| Easy Trip Planners Limited | 1 | 54.96 | 0.77 | 36.21 | 4,641.98 |
| Yatra Online Limited | 1 | 187.83 | 0.69 | 4.50 | 3,974.65 |
Ixigo IPO Lead Managers
| Lead Managers |
|
Axis Capital Limited DAM Capital Advisors Limited JM Financial Limited |
Ixigo IPO / Le Travenues Technology Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 1st Floor, 247 Park Lal Bahadur Sharstri Marg, Vikhroli (West) Mumbai 400 083, Maharashtra, India Tel: (+91) 81081 14949 E-mail: ixigo.ipo@linkintime.co.in Website: www.linkintime.co.in Investor grievance E-mail: ixigo.ipo@linkintime.co.in Contact person: Shanti Gopal Krishnan SEBI Registration No.: INR000004058 |
Ixigo IPO / Le Travenues Technology – Other Details
- Statutory Auditor – S.R. Batliboi & Associates LLP, Chartered Accountants
- Legal Counsel to the Company – Shardul Amarchand Mangaldas & Co
- Bankers to the Company – HDFC Bank Limited, ICICI Bank Limited, Kotak Mahindra Bank Limited etc
Ixigo IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Le Travenues Technology Limited IPO News
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Ixigo IPO Review FAQs
What is the Issue Size of Ixigo IPO?
The Company is making an initial public offer of 79,580,900 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Ixigo IPO?
The price band for this particular IPO ranges between Rs 88 to Rs 93. As far as the face value of the share is concerned, it is Rs.1 per share.
What is the Le Travenues Technology or Ixigo IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on June 10, 2024, while the closing date is set at June 12, 2024.
What is the Ixigo IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on June 13, 2024, refund initiation is on June 14, 2024, credit of shares is on June 14, 2024, and share listing date is on June 18, 2024.
What is the Ixigo IPO Listing Date?
Shares of this company shall be listed in the exchanges on June 18, 2024. The date, when the listing would be done, is stagnant on June 18, 2024.
Who is the Registrar of Ixigo IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Ixigo IPO?
Here are the promoters of this IPO – PROFESSIONALLY MANAGED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Ixigo IPO?
They have obtained the GMP of this IPO and it is NA. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.
Is Ixigo IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Ixigo Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 233.96, 2022 is (210.94), 2021 is 75.33.
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