ixigo IPO (Le Travenues Technology Limited IPO)
ixigo IPO open for bidding on 10th June 2024, and ends on 12th June 2024.
Founded in 2007, ixigo (Le Travenues Technology Limited) is an Indian tech company operating as an online travel agency (OTA), enabling travelers to book train, flight, bus tickets, and hotels. ixigo offers services like PNR status and confirmation predictions, train seat availability alerts, running status updates, delay predictions, alternative route planning, flight status updates, automated web check-in, price alerts, and AI-based travel planning.
The platforms include the ixigo Trains and Confirmtkt app for booking train tickets, the ixigo-flights app for air tickets, trains, buses, and hotels, and the Abhibus app for bus schedules. As of September 2023, ixigo had 83 million monthly active users.
Recently, ixigo launched ixigo PLAN, an AI-based travel planner, and ixigo Assured Flex, a service offering flexible air or rail tickets with no extra cancellation or rebooking fees.
For more details refer to ixigo IPO RHP and ixigo IPO Pulse Score
ixigo IPO Details
| IPO Date | 10th June 2024 to 12th June 2024 |
| Listing Date | 18th June 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹88 to ₹93 per share |
| Lot Size | 161 Shares |
| Total Issue Size | 7,95,80,899 shares (aggregating up to ₹740.10 Cr) |
| Fresh Issue | 1,29,03,225 shares (aggregating up to ₹120.00 Cr) |
| Offer for Sale | 6,66,77,674 shares of ₹1 (aggregating up to ₹620.10 Cr) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 3,58,11,405(45%) |
| QIB | 2,38,74,271(30%) |
| NII | 1,19,37,134(15%) |
| bNII | 79,58,089(10%) |
| sNII | 39,79,045(5%) |
| Retail | 79,58,089(10%) |
| Total | 7,95,80,899(100%) |
ixigo IPO Timeline
| IPO Open | 10th June 2024 |
| IPO Close | 12th June 2024 |
| Basis Of Allotment | 13th June 2024 |
| Initiation of Refunds | 14th June 2024 |
| Credit of Shares to Demat | 14th June 2024 |
| Listing Date | 18th June 2024 |
Fundamentals
Data as of 31st December 2023
| Market Cap | ₹3603.04 Cr | P/E Ratio- Pre IPO | 148.87 |
| RoNW% | 15.26% | P/E Ratio- Post IPO | 41.12 |
| RoCE | – | P/B Ratio | 8.14 |
| Debt to Equity | 0.1 | PAT Margin% | 13.22 |
ixigo IPO Objectives
Company proposes to utilise the Net Proceeds towards funding of the following objects:
- Part-funding working capital requirements of the Company;
- Investments in cloud infrastructure and technology; and
- Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
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