Le Travenues Technology IPO Description – Le Travenues is a technology company that empowers Indian travellers to plan, book and manage their trips across rail, air, buses, and hotels. The company assists travellers 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 travellers 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.
Promoters of Le Travenues Technology – Does Not Have An Identifiable Promoter
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Le Travenues Technology IPO Details
| Le Travenues Technology IPO Dates | 10 – 12 June 2024 |
| Le Travenues Technology Issue Price | INR 88 – 93 per share |
| Fresh issue | INR 120 crore |
| Offer For Sale | 6,66,77,674 shares (INR 586.76 – 620.10 crore) |
| Total IPO size | INR 706.76 – 740.10 crore |
| Minimum bid (lot size) | 161 shares (INR 14,973) |
| Face Value | INR 1 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Le Travenues Technology Financial Performance
| Â | 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 |
Le Travenues Technology Offer News
- Le Travenues Technology RHP
- Le Travenues Technology DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Le Travenues Technology 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 |
Ixigo IPO GMP Today (Daily Trend)
| 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 |
Le Travenues Technology IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Part-funding working capital requirements of the company – INR 45 crore
- Investments in cloud infrastructure and technology – INR 25.80 crore
- Funding inorganic growth through unidentified acquisitions and other strategic initiatives
- General corporate purposes
Le Travenues Technology IPO Subscription – Live Updates
| 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 |
Le Travenues Technology – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Le Travenues Technology | 150.19 | 0.57 | 5.74 | 9.79 | 517.57 |
| Easy Trip Planners | 61.83 | 0.77 | 36.21 | 2.13 | 464.20 |
| Yatra Online | 244.13 | 0.69 | 4.50 | 14.80 | 397.46 |
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.
Le Travenues Technology IPO Dates & Listing Performance
| IPO Opening Date | 10 June 2024 |
| IPO Closing Date | 12 June 2024 |
| Finalization of Basis of Allotment | 13 June 2024 |
| Initiation of refunds | 14 June 2024 |
| Transfer of shares to demat accounts | 14 June 2024 |
| Le Travenues Technology IPO Listing Date | 18 June 2024 |
| Opening Price on NSE | INR 138.10 per share (up 48.49%) |
| Closing Price on NSE | INR 165.72 per share (up 78.19%) |
Ixigo IPO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi – Subscribe
Axis Capital –
Ajcon Global Services – Subscribe
Arihant Capital –
Ashika Research –
Asit C Mehta –
BP Wealth – Subscribe
Canara Bank Securities – Subscribe
Choice Broking –
Elite Wealth –
SMIFS –
GEPL Capital – Subscribe
Hem Securities – Subscribe
InCred Equities –
Mehta Equities – Subscribe with Risk
Jainam Broking – Subscribe for Long TermÂ
Marwadi Financial –
Nirmal Bang –
Reliance Securities –
SBI Securities – Subscribe for Long Term
Samco Securities –
SMC Global – 2/5
Systematix Shares –
Sushil Finance – Apply with medium to long-term horizon
Swastika Investmart – Subscribe
Ventura Securities – Subscribe
Le Travenues Technology Offer Lead Manager
AXIS CAPITAL LIMITED
1st Floor, Axis House C-2, Wadia International
Centre P.B. Marg, Worli Mumbai 400 025, Maharashtra
Phone: +91 22 4325 2183
Email:Â [email protected]
Website: www.axiscapital.co.in
Le Travenues Technology Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park Lal Bahadur Sharstri Marg,
Vikhroli (West) Mumbai 400 083, Maharashtra, India
Tel:Â (+91) 81081 14949
E-mail:Â [email protected]
Website:Â www.linkintime.co.in
Le Travenues Technology Contact Details
LE TRAVENUES TECHNOLOGY LIMITED
Second Floor, Veritas Building, Sector – 53,
Golf Course Road, Gurugram 122 002, Haryana, India
Phone:Â (+91 124) 668 2111
Email: [email protected]
Website: www.ixigo.com
Le Travenues Technology 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 (know all about ASBA here). 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 INR 30 per share.
What is Le Travenues Technology’s kostak rate today?
Le Travenues Technology kostak rate today is INR NA per application.
What is Le Travenues Technology Subject to Sauda rate today?
Le Travenues Technology Subject to Sauda rate today is INR 3,200 per application.
