ixigo (Le Travenues Technology) IPO Review

 
ixigo ipo review

IPO Open Date: June 10, 2024

IPO Close Date: June 12, 2024

IPO Price: ₹88 to ₹93 per share

Lot Size: 161 Shares

Listing: June 18, 2024

ixigo is scheduled to hit the market on June 10, 2024 and close on June 12, 2024. ixigo plans to raise around ₹740.10 Cr through an IPO with a sale of up to 79,580,900 equity shares of ₹1 each. The Retail offered 10%, QIB Shares Offered 75%, HNI Shares Offered 15%.

Le Travenues Technology Limited, established in 2006, operates as an online travel agency known as ixigo. Through its OTA platforms, ixigo offers a range of services such as booking train, flight, and bus tickets, as well as hotels. The company provides various features including PNR status predictions, real-time travel updates, alternative route planning, flight status alerts, and personalized travel recommendations. With a user-friendly interface and innovative tools like ixigo PLAN – an AI-based travel planner, ixigo continues to enhance the travel experience for its 83 million monthly active users.

In addition to its core services, ixigo has introduced value-added features like ixigo Assured Flex, which allows customers to purchase flexible air and rail tickets without extra fees for cancellations or rebookings. With a dedicated team of 486 full-time employees and 4 consultants, ixigo remains committed to offering convenient and reliable travel solutions to its growing customer base.

ixigo



ixigo IPO Details

ixigo IPO opens on June 10, 2024, and closes on June 12, 2024. The Listing date for ixigo IPO is on June 18, 2024. The price band for IPO is ₹88 to ₹93 per share and lot size of 161 Shares.

IPO DateJune 10, 2024 to June 12, 2024
Listing DateJune 18, 2024
Price₹88 to ₹93 per share
Lot Size161 Shares
Issue Size₹740.10 Cr
Face Value₹1 per share

ixigo IPO Tentative Timetable

ixigo opening date is June 10, 2024 and close date is June 12, 2024. The IPO allotment date is June 13, 2024. The refund initiation of IPO is on June 14, 2024. The credit of shares in demat account is on June 14, 2024. The listing date is on June 18, 2024.

EventDate
IPO OpeningJune 10, 2024
IPO ClosingJune 12, 2024
IPO Allotment DateJune 13, 2024
Refund InitiationJune 14, 2024
Shares Credit to DematJune 14, 2024
Lisiting DateJune 18, 2024

ixigo IPO Lot Size

Lot Size of this IPO is 161 shares. A retail-individual investor can apply for up to 13 lots (2093 shares or ₹194,649).

CategoryLotsSharesAmount
Retail(Minimum)1161₹14,973
Retail(Maximum)132093₹194,649
S-HNI (Minimum)142254₹209,622
B-HNI (Minimum)6710,787₹1,003,191

ixigo IPO Promoter Holding

Pre Issue Share Holding
Post Issue Share Holding

ixigo IPO Review

Le Travenues Technology Limited, the company behind the popular online travel agency “ixigo”, has recently launched its IPO with a market capitalization of Rs 3603.04 Cr. The company's financial performance has been impressive, with a significant increase in revenue and profit after tax. Their innovative services, such as the ixigo PLAN AI-based travel planner and ixigo Assured Flex for flexible ticket options, have garnered a large user base of 83 million monthly active users across their apps.

Investors looking at the ixigo IPO should take note of key performance indicators like RoNW at 15.26% and P/BV at 8.14. The post-IPO EPS stands at Rs 2.26 with a P/E ratio of 41.12, reflecting positive growth potential. The company aims to utilize the net proceeds from the IPO for working capital, investments in technology, and potential acquisitions, signaling a strategic approach towards future growth and expansion in the competitive online travel market.

With a strong financial track record, a growing user base, and strategic objectives for future development, the ixigo IPO presents an exciting opportunity for investors seeking exposure to the dynamic online travel industry. The company's focus on innovation, customer-centric services, and value-added offerings positions them well for sustained growth in the ever-evolving digital travel landscape. Overall, the ixigo IPO showcases a promising investment prospect backed by solid financial performance and a clear vision for continued success.

ixigo IPO Subscription Status (Bidding Details)

Table not found

ixigo IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

ixigo IPO FAQs

What is ixigo IPO?

ixigo is issuing 79,580,900 equity shares with a face value of each, totaling up to ₹740.10 Cr. The shares are being offered at a price of ₹88 to ₹93 each, with a minimum order quantity of 161 shares.

Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When ixigo IPO will open?

ixigo will open on June 10, 2024 for QIB, NII, and Retail Investors.

When ixigo IPO will end?

ixigo will end on June 12, 2024.

What is ixigo IPO Size?

ixigo IPO size is 740.10 Cr.

What is ixigo IPO Price Band?

ixigo price band is ₹88 to ₹93 per share.

What is the ixigo IPO Allotment Date?

ixigo allotment date is June 13, 2024.

What is the ixigo IPO Listing Date?

ixigo listing date is June 18, 2024. The IPO is to be listed on BSE and NSE.

How to ixigo IPO through Zerodha?

To apply for the IPO “ixigo” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply ixigo IPO through Upstox?

To apply for the IPO “ixigo” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check ixigo IPO Allotment Status?

For ixigo IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is ixigo IPO GMP?

You can check out here: ixigo IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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