LE TRAVENUES TECHNOLOGY LIMITED (ixigo) Limited IPO GMP

LE TRAVENUES TECHNOLOGY LIMITED (ixigo) is a technology company assisting travelers through their OTA platforms, comprising their websites & mobile applications, for making smarter travel decisions to plan, book and manage their trips across rail, air, buses and hotels. 

LE TRAVENUES TECHNOLOGY LIMITED (ixigo), a book-built issue amounting to Rs 740.10 crores, consists of a fresh issue of 12,903,225 shares aggregating to Rs 120.00 crores and an offer for sale of 66,677,674 shares totaling Rs 620.10 crores. The subscription period for the IPO opens on June 10, 2024, and closes on June 12, 2024. The allotment is expected to be finalized on or about Thursday, June 13, 2024, with a tentative listing date on the BSE NSE scheduled on or about Tuesday, June 18, 2024.

The price band is set at ₹88 to ₹93 per share, with a minimum lot size of 161 shares. Retail investors are required to invest a minimum of ₹14,973, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (2254 shares), amounting to ₹20,96,22.

Objectives of Le Travenues Technology Limited (ixigo)

ixigo proposes to utilize the Net Proceeds towards funding the following objects: 
1. Part-funding working capital requirements of our Company
2. Investments in cloud infrastructure and technology
3. Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.

Grey Market Premium (GMP) of Le Travenues Technology Limited (ixigo)

The Grey Market Premium is expected in the range of Rs 25 - Rs.35 based on the financial performance and subscription status of the company. As of 10:57 AM on 12 June 2024, the ixigo ipo subscription status shows that ixigo IPO oversubcribed 15.40 times on BSE and  5.92 times on NSE. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Axis Capital Limited, DAM Capital Advisors Limited & JM Financial Limited is the book-running lead manager, Link Intime India Private Limited is the registrar.

Refer to ixigo IPO RHP for more details about the Company.