Le Travenues Technology Limited (ixigo IPO): Things to Know

Ixigo IPO is open for subscription starting Monday, June 10, 2024, and closing on Wednesday, June 12, 2024. The price is decided at Rs 88 to Rs 93 per share. The minimum lot size for the retail category is 161 shares. The minimum lot size for small NII is 14 lots consisting of 2,254 shares. Meanwhile, the minimum lot for big non-institutional investors is 67 lots with 10,787 shares. The minimum investment required for retail category investors is Rs 14,973 ( 93 x 110 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,09,622 (93 x 1,540 shares); for big non-institutional investors, it is Rs 10,03,191 (93 x 7,370 shares). Ixigo IPO is a book-built issue of Rs 740.10 crores. This is a combination of fresh issue and offer-for-sale. The fresh issue is of 1.29 crore shares amounting to Rs 120 crore, and OFS consists of  6.67 crore shares amounting to Rs 620.10 crores. The allotment for this IPO is expected to be finalised on Thursday, June 13, 2024. Ixigo Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Tuesday, June 18, 2024. The book-running lead managers of ixigo Limited are Axis Capital Limited, Dam Capital Advisors Limited and JM Financials Limited. The registrar for this new IPO is Link Intime India Private Limited.

Also Read | Spright Agro Limited Rights Issue: All You Need To Know

About Le Travenues Technology Limited (Ixigo)

Le Travenues Technology Limited was, founded in 2006, is an online travel agency that enables travellers to book train, flight, bus tickets as well as hotel booking via its OTA platform under the brand name ixigo. Ixigo services list includes PNR and confirmation prediction, train seat available alerts, train running 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, customer support etc. The various OTT offered by Ixigo include – The ixigo trains and Confirm ticket booking applications, the ixigo flight mobile application, and Abhibus applications. Ixigo recently launched ixigo PLAN, an intelligent, Artificial intelligence-based travel planner that helps travellers plan their trips with detailed itineraries and real-time destination information. The company also launched a generative AI plugin that enables conversational interactions with ixigo PLAN. It also launched a value-added service, ixigo Assured Flex, which allows purchasing a fully flexible air or rail ticket with no additional payment for cancellation or rebooking, apart from the price difference, for all domestic flights and rail bookings at a low cost.

Objectives of Ixigo IPO

The funds raised from this public issue will be used to fund the company's day-to-day capital requirements, invest in cloud infrastructure and technology, and grow inorganically through unidentified organisations, other strategic initiatives, and general corporate purposes.

Financials of Le Travenues Technology Limited (Amt in Rs Crore)

Le Travenues Technology reported a revenue of Rs 497.10 crores and net profit of Rs 65.71 crores for the period ending on 31 December 2023. Earlier, on 31 March 2023, the company reported a revenue of Rs 517.57 crores and PAT of Rs 23.40 crores. The revenue increased by 34.46% and net profit increased by 210.91% between the FY ending on 31 March 2023 and 31 March 2022. 

Other Important Details of Le Travenues Technology Limited IPO

Time-Table of Le Travenues Technology Limited IPO

Lot Size of Le Travenues Technology Limited IPO

IPO Reservation of Le Travenues Technology Limited

Promoters of Le Travenues Technology Limited and Their Holdings

Aloke Bajpai is the Chairman, Managing Director and Group CEO of our Company.

Key Performance Indicator of Le Travenues Technology Limited IPO

EPS and P/E Ratio Post IPO

Lead Manager(s) of Le Travenues Technology Limited IPO

The book-running lead managers of Le Travenues Technology Limited are Axis Capital Limited, Dam Capital Advisors Limited and JM Financials Limited.

How do you apply for the Le Travenues Technology Limited IPO?

Wait for the public issue to open for subscription, then visit Bigul website to apply for the Le Travenues Technology Limited IPO with Bigul.

How do you check the allotment status of the Le Travenues Technology Limited IPO?

The registrar for Le Travenues Technology Limited IPO is Link Intime India Private Limited. To check your allotment status, please click here.

FAQs

1. What are the details of Le Travenues Technology Limited IPO 2024?

Ixigo IPO is a book-built issue of Rs 740.10 crores. This is a combination of fresh issue and offer-for-sale. The fresh issue is of 1.29 crore shares amounting to Rs 120 crores and OFS consists of  6.67 crores shares amounting to Rs 620.10 crores. 

2. Who are the lead managers for the Le Travenues Technology Limited IPO?

Axis Capital Limited, Dam Capital Advisors Limited and JM Financials Limited are appointed as the lead managers for this IPO.

3. What is the role of Link Intime India Private Limited in this IPO?

Link Intime India Private Limited is the registrar for Le Travenues Technology Limited, handling the IPO's administrative aspects.

4. How can I apply for the Le Travenues Technology Limited IPO?

The public subscription of this IPO will open on June 10, 2024. Click here to continue the application process.

5. How will the net proceeds from the IPO be utilised?

The funds raised from this public issue will be used to fund the company's day-to-day capital requirements, invest in cloud infrastructure and technology, and grow inorganically through unidentified organisations, other strategic initiatives, and general corporate purposes.

6. How can I check the allotment status of the IPO?

Investors can check out the allotment status of the Le Travenues Technology Limited IPO 2024 by visiting here.

7. What is the financial performance of Le Travenues Technology Limited?

Le Travenues Technology reported a revenue of Rs 497.10 crores and net profit of Rs 65.71 crores for the period ending on 31 December 2023. The revenue increased by 34.46% and net profit increased by 210.91% between the FY ending on 31 March 2023 and 31 March 2022.

Also Read | Auto Sales For May 2024: Maruti Sales Drop 2%, M&M PV sales Jumps 31%