Ixigo IPO GMP, Price, Date, Allotment

0

Last updated on June 18, 2024

Ixigo IPO GMP

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.

Le Travenues Technology

Promoters of Le Travenues Technology – Does Not Have An Identifiable Promoter


Le Travenues Technology IPO Details

Le Travenues Technology IPO Dates10 – 12 June 2024
Le Travenues Technology Issue PriceINR 88 – 93 per share
Fresh issueINR 120 crore
Offer For Sale6,66,77,674 shares
(INR 586.76 – 620.10 crore)
Total IPO sizeINR 706.76 – 740.10 crore
Minimum bid (lot size)161 shares (INR 14,973)
Face Value INR 1 per share
Retail Allocation10%
Listing OnNSE, BSE

Le Travenues Technology Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Revenue135.57379.58501.25491.02
Expenses135.70402.54484.29475.48
Net income7.58(21.24)23.1965.59
Margin (%)5.59(5.60)4.6313.36
Figures in INR Crores unless specified otherwise

Le Travenues Technology Offer News


Le Travenues Technology Valuations & Margins

FY 2021FY 2022FY 2023FY 2024 (Post-Issue)*
EPS0.20(0.57)0.621.74
PE Ratio142.11 – 150.1950.66 – 53.54
* Calculated on the basis of annualized Profits After Tax for FY 2024
FY 2021FY 2022FY 2023
RONW (%)24.13(7.15)5.74
NAV0.809.159.98
EBITDA (%)4.53(1.83)8.99
Debt/Equity78.8612.537.81
*Compiled by IPO Central from Prospectus

Ixigo IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
17 June 2024303,200
15 June 2024323,500
14 June 2024333,700
13 June 2024353,900
12 June 2024263,200
11 June 2024253,100
10 June 2024253,100
8 June 2024283,300
7 June 2024253,100
12 June 2024253,200

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

CategoryQIBNIIRetailTotal
Shares Offered2,38,74,2711,19,37,13479,58,0894,37,69,494
12 Jun 2024106.73110.2553.9598.10
11 Jun 20240.7920.1418.739.33
10 Jun 20240.122.786.211.95

Le Travenues Technology – Comparison With Listed Peers

CompanyPE ratioEPSRONW (%)NAVRevenue (Cr.)
Le Travenues Technology150.190.575.749.79517.57
Easy Trip Planners61.830.7736.212.13464.20
Yatra Online244.130.694.5014.80397.46

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 Date10 June 2024
IPO Closing Date12 June 2024
Finalization of Basis of Allotment13 June 2024
Initiation of refunds14 June 2024
Transfer of shares to demat accounts14 June 2024
Le Travenues Technology IPO Listing Date18 June 2024
Opening Price on NSEINR 138.10 per share (up 48.49%)
Closing Price on NSEINR 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 Term 
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: [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: (+91) 81081 14949
E-mail: [email protected]
Website: 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: (+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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here