Le Travenues Technology Ltd IPO (ixigo IPO)
- IPO Date10 Jun, 2024 to 12 Jun, 2024
- Listing Date18 Jun, 2024
- Face Value₹1 per share
- Issue Price₹88 to ₹93 per share
- Lot Size161 Shares
- Minimum Investment₹14,973
- Listing AtBSE, NSE
- Total Issue Size7,95,80,900 Shares
(aggregating up to ₹740.10 Cr) - Fresh Issue1,29,03,226 Shares
(aggregating up to ₹120.00 Cr)
- Offer for Sale6,66,77,674 Shares
(aggregating up to ₹620.10 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue37,45,19,945
- Shareholding post issue38,74,23,173
IPO Dates
Closing Date
12 Jun, 2024
Initiation of Refunds
14 Jun, 2024
Listing Date
18 Jun, 2024
10 Jun, 2024
Opening Date
13 Jun, 2024
Basis of Allotment
14 Jun, 2024
Credit of Shares
Le Travenues Technology Ltd (ixigo ) Lot Size
Investors can bid for a minimum of 161 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 161 | ₹14,973 |
| B-HNI (Min) | 13 | 2093 | ₹1,94,649 |
| S-HNI (Min) | 14 | 2254 | ₹2,09,622 |
| Retail (Max) | 66 | 10626 | ₹9,88,218 |
| S-HNI (Max) | 67 | 10787 | ₹10,03,191 |
Le Travenues Technology Ltd (ixigo ) COMPANY INFORMATION
ixigo IPO is a book built issue of Rs 740.10 crores. The issue is a combination of fresh issue of 1.29 crore shares aggregating to Rs 120.00 crores and offer for sale of 6.67 crore shares aggregating to Rs 620.10 crores. ixigo IPO opens for subscription on June 10, 2024 and closes on June 12, 2024. The allotment for the ixigo IPO is expected to be finalized on Thursday, June 13, 2024. ixigo IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, June 18, 2024. ixigo IPO price band is set at ₹88 to ₹93 per share. The minimum lot size for an application is 161 Shares. The minimum amount of investment required by retail investors is ₹14,973. The minimum lot size investment for sNII is 14 lots (2,254 shares), amounting to ₹209,622, and for bNII, it is 67 lots (10,787 shares), amounting to ₹1,003,191. 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. Refer to ixigo IPO RHP for detailed information.
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.
FAQs About Le Travenues Technology Ltd Ipo (Ixigo Ipo)
Le Travenues Technology Ltd IPO (ixigo IPO) will open on 10 Jun, 2024 and close on 12 Jun, 2024. Investors must apply within this period to participate.
The Le Travenues Technology Ltd IPO (ixigo IPO) price band is set between ₹88.00 and ₹93.00 per share. The minimum lot size is 161, requiring an investment of at least ₹14973.00.
The Le Travenues Technology Ltd IPO (ixigo IPO) shares are expected to be listed on 18 Jun, 2024, subject to regulatory approvals and final allotment.
You can track your Le Travenues Technology Ltd IPO (ixigo IPO) application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Le Travenues Technology Ltd IPO (ixigo IPO) will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.