ixigo IPO will open for subscription from 10 June 2024. The company aims for an issue size of ₹740.10 Cr through this IPO.
Company Overview
| Full name | Le Travenues Technology Limited |
| Sector | Hospitality |
| Industry | Travel Services |
| Company Website | https://www.ixigo.com/ |
About Company
Le Travenues is a technology company that empowers Indian travelers to plan, book, and manage their trips across rail, air, buses, and hotels. The company assists travelers in making smarter travel decisions by leveraging artificial intelligence, machine learning, and data science-led innovations on its OTA platforms, comprising websites and mobile applications. The company’s OTA platforms allow travelers to book train tickets, flight tickets, bus tickets, and hotels. The company has the highest app usage among OTAs with 83 million Monthly Active Users cumulatively across its apps.
Le Travenues’ EBITDA increased by 101.30% in the financial year ending on 31 March 2023 over the previous year. At the same time, its book net worth has increased by 5.43%. As of 31 March 2023, Le Travenues Technology had 429.38 million Annual Active Users and 49.07 million transactions were booked through its OTA platforms in Fiscal 2023.
The Objectives of the Issue
- 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 Timetable
| IPO Opening date | 10 June 2024 |
| IPO Closing | 12 June 2024 |
| Basis of Allotment | 13 June 2024 |
| Initiation Refund | 14 June 2024 |
| Credit to Demat Account | 14 June 2024 |
| Listing Date | 18 June 2024 |
ixigo IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹740.10 Cr – 79,580,900 shares |
| Fresh Issue | ₹120.00 Cr – 12,903,226 shares |
| Offer for sale | ₹620.10 Cr – 66,677,674 shares |
| Face value | ₹10 per share |
| Price Band | ₹88 to ₹93 per share |
| Lot size | 161 Shares |
| Shareholding pre-issue | 374,519,945 |
| Shareholding post-issue | 387,423,171 |
| Listing Exchange | BSE & NSE |
ixigo IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 161 | ₹14,973 |
| Retail (Max) | 13 | 2093 | ₹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 Offer Documents
ixigo IPO Reservation Details
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 35,811,405 (45.00%) | NA |
| QIB Shares Offered | 23,874,271 (30.00%) | NA |
| NII (HNI) Shares Offered | 11,937,134 (15.00%) | |
| bNII > ₹10L | 7,958,089 (10.00%) | 3,530 |
| sNII < ₹10L | 3,979,045 (5.00%) | 1,765 |
| Retail Shares Offered | 7,958,089 (10.00%) | 49,429 |
| Total Shares Offered | 79,580,899 (100%) |
ixigo Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 135.57 | 379.58 | 501.25 | 491.02 |
| Expenses | 135.70 | 402.54 | 484.29 | 475.48 |
| Net income | 7.58 | (21.24) | 23.19 | 65.59 |
| Margin (%) | 5.59 | (5.60) | 4.63 | 13.36 |
ixigo Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | FY 2024 (Post-Issue)* | |
| EPS | 0.20 | (0.57) | 0.62 | 1.74 |
| PE Ratio | – | – | 142.11 – 150.19 | 50.66 – 53.54 |
| FY 2021 | FY 2022 | FY 2023 | |
| RONW (%) | 24.13 | (7.15) | 5.74 |
| NAV | 0.80 | 9.15 | 9.98 |
| EBITDA (%) | 4.53 | (1.83) | 8.99 |
| Debt/Equity | 78.86 | 12.53 | 7.81 |
Company Promoters
- The company Does Not Have An Identifiable Promoter
Promoter Holding
| Pre Issue Share Holding | – |
| Post Issue Share Holding | – |
ixigo IPO GMP Update
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 17 June 2024 | 30 | – | 3,200 |
| 15 June 2024 | 32 | – | 3,500 |
| 14 June 2024 | 33 | – | 3,700 |
| 13 June 2024 | 35 | – | 3,900 |
| 12 June 2024 | 26 | – | 3,200 |
| 11 June 2024 | 25 | – | 3,100 |
| 10 June 2024 | 25 | – | 3,100 |
| 8 June 2024 | 28 | – | 3,300 |
| 7 June 2024 | 25 | – | 3,100 |
| 12 June 2024 | 25 | – | 3,200 |
ixigo IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 2,38,74,271 | 1,19,37,134 | 79,58,089 | 4,37,69,494 |
| 12 Jun 2024 | 106.73 | 110.25 | 53.95 | 98.10 |
| 11 Jun 2024 | 0.79 | 20.14 | 18.73 | 9.33 |
| 10 Jun 2024 | 0.12 | 2.78 | 6.21 | 1.95 |
ixigo IPO Allotment Status
Ixigo IPO allotment status is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
ixigo IPO Listing Details
| Listing Date | 18 June 2024 |
| BSE Scrip Code | 544192 |
| NSE Symbol | IXIGO |
| ISIN | INE0HV901016 |
| Final Issue Price | ₹93 per share |
ixigo IPO Listing Day Update
| Listing Exchange | BSE | NSE |
| Final Issue Price | ₹93.00 | ₹93.00 |
| Open | ₹135.00 | ₹138.10 |
| Low | ₹135.00 | ₹135.00 |
| High | ₹161.99 | ₹165.72 |
| Last Trade | ₹161.99 | ₹165.72 |
ixigo Lead Manager(s)
- Axis Capital Limited
- Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
- JM Financial Limited
ixigo Registrar
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
ixigo Contact Details
LE TRAVENUES TECHNOLOGY LIMITED
Second Floor, Veritas Building, Sector – 53,
Golf Course Road, Gurugram 122 002, Haryana, India
Phone: (+91 124) 668 2111
Email: investors@ixigo.com
Website: www.ixigo.com
ixigo IPO FAQs
How many shares in Le Travenues Technology IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply for Le Travenues Technology Public Offer?
The best way to apply for Le Travenues Technology public offer is through Internet banking ASBA . You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Ixigo IPO GMP today?
Ixigo IPO GMP today is ₹ 30 per share.
What is Le Travenues Technology’s kostak rate today?
Le Travenues Technology kostak rate today is ₹ NA per application.
What is Le Travenues Technology Subject to Sauda rate today?
Le Travenues Technology Subject to Sauda rate today is ₹ 3,200 per application.
Final thoughts
ixigo IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
