ixigo IPO Allotment Date, Listing Date: The initial public offering of Gurugram-based Le Travenues Technology Ltd, which operates travel booking platform ixigo, was open for public subscription between June 10 and June 10. The Rs 740.10-crore mainboard IPO received an overwhelming 98.10 times subscription. The allotment is likely to take place today, Thursday. Investors will on June 13 start getting bank debit messages in the evening once they are allotted the IPO. The IPO status can be checked on registrar Link Intime India’s portal and the websites of BSE and NSE.
The ixigo IPO received 98.10 times subscription garnering bids for 4,29,36,59,734 shares as against 4,37,69,494 shares on offer. Shares reserved for Non-institutional investors (NII) were subscribed 110.25 times whereas the portion of qualified institutional buyers (QIB) received a 106.73 times subscription. The retail investors’ quota has been subscribed 53.95 times.
The ixigo IPO listing will take place on both BSE and NSE on June 18.
ixigo IPO: How To Check Allotment Status
The ixigo IPO allotment will likely be finalised on June 13, while its listing will take place on both BSE and NSE on June 18.
Once the IPO allotment is finalised, the status can be checked by following these steps:
1) Go to the official BSE website via the URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Le Travenues Technology Ltd’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the ‘I am not a robot’ to verify yourself and hit ‘Search’ option.
Your share application status will appear on your screen.
You can also visit direct Link Intime portal — https://www.linkintime.co.in/Initial_Offer/public-issues.html and check Le Travenues Technology Ltd IPO (ixigo IPO) allotment status.
ixigo IPO GMP Today
According to market observers, unlisted shares of Le Travenues Technology Ltd, or ixigo, are trading Rs 36 higher in the grey market as compared with its issue price. The Rs 36 grey market premium or GMP means the grey market is expecting a strong 38.71 per cent listing gain from the public issue. The GMP is based on market sentiments and keeps changing.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
The price band of the ixigo IPO has been fixed at Rs 88 to Rs 93 per share.
ixigo IPO: More Details
The Rs 740-crore ixigo IPO is a combination of a fresh issue of equity shares worth Rs 120 crore and an Offer For Sale (OFS) of 6.66 crore equity shares to the tune of Rs 620 crore, at the upper end of the price band, by existing shareholders.
Under the OFS, SAIF Partners India IV Ltd, Peak XV Partners Investments V (formerly known as SCI Investments V), Micromax Informatics Ltd, Placid Holdings, Catalyst Trusteeship Ltd, Madison India Capital HC, Aloke Bajpai and Rajnish Kumar will be selling shares.
Proceeds worth Rs 45 crore from the fresh issue will be used to fund the company’s working capital requirements and Rs 26 crore will be utilised for investments in technology as well as data science, including on cloud and server hosting, technology on artificial intelligence and customer engagement.
Additionally, funds will be used to support inorganic growth through acquisitions, and for general corporate purposes.
The company said that 75 per cent of the issue size has been reserved for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors. Investors can bid for a minimum of 161 shares and in multiples thereof.
Launched in 2007 by Aloke Bajpai and Rajnish Kumar, Le Travenues Technology is the country’s leading online travel aggregator, which helps travellers to plan, book and manage their trips across rail, air, buses and hotels.
The company’s total income rose to Rs 517 crore in the financial year ended March 2023 from Rs 385 crore in the preceding fiscal. The firm logged a profit of Rs 23.4 crore for the year ended March 2023 whereas it had a loss of Rs 21 crore in the previous financial year.
Axis Capital, DAM Capital Advisors and JM Financial are the book running lead managers to the public issue.
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