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Le Travenues Technology Limited IPO

Le Travenues Technology Limited IPO

IPO Date :
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Listed Price: ₹ 138.10 (+48.49%)

Having completed its public offering, Le Travenues Technology Limited's is now listed and trading on the NSE, BSE exchange as of 18-06-2024. The IPO raised cumulative capital of 7,95,80,900 Shares, including 1,29,03,226 Shares in primary capital infusion and ₹620.10 Cr in secondary market transactions.

The IPO was conducted with a price range of ₹88 to ₹93 and minimum investment requirement of 161 shares. subscription activity between 10-06-2024 and 12-06-2024 reflected market assessment of the offering's valuation and prospects.

The allotment process finalized on 13-06-2024 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.

Le Travenues IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Le Travenues IPO Key Performance Indicator
Company Financials ( In Crores )

Le Travenues IPO About Company

Le Travenues Technology Limited, known as ixigo, is an online travel agency that helps users book train, flight, bus tickets, and hotels. Founded in 2006, ixigo makes travel easier with features like PNR status checks, seat availability alerts, and AI-based travel planning. The company operates popular apps like ixigo trains and Confirmtkt for train bookings, ixigo-flights for flights, buses, and hotels, and Abhibus for bus travel comparisons and bookings. With 83 million monthly active users as of September 2023, ixigo is the most-used travel app in India. It also offers smart services like ixigo PLAN, an AI travel planner, and ixigo Assured Flex, which allows easy cancellations or rebookings. By the end of 2023, ixigo had a team of 486 full-time employees and 4 consultants working to provide seamless travel experiences.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Le Travenues IPO Strength Factors

  1. Top Choice for Small Town Travelers: Ixigo is the leading online travel platform for the next wave of internet users, especially from Tier II and Tier III cities. In 2023, over 94% of its bookings came from smaller towns, with many users booking flights after using its ixigo trains, ConfirmTkt, and AbhiBus apps.
  2. Smart Travel with AI Technology: Ixigo uses AI, data science, and machine learning to make travel planning easier and faster. Its special algorithms help predict train ticket confirmations, show live updates, and solve common travel problems — all in one place.
  3. Loved by Millions of Users: Ixigo apps have a 4.6-star rating on Google Play Store and the highest user engagement among top travel apps in India. With 77 million monthly active users and 85% repeat bookings in 2023, Ixigo has built a loyal community of happy travelers.

Le Travenues IPO Risk Factors

  1. Limited Experience as an OTA: Ixigo started as a travel search website and recently became an online travel agency (OTA). Its short experience in this new role might affect how well it competes and grows in the market. Its market share was 6.52% and 5.88% by GTV in the nine months ending December 31, 2023, and December 31, 2022, respectively.
  2. Dependency on IRCTC Partnership: Ixigo’s train ticket booking services largely depend on its partnership with IRCTC. If this agreement ends, it would significantly affect Ixigo’s train ticket services, which could harm its business and financial health.
  3. Stock Price Uncertainty After Listing: The IPO price and financial ratios may not match the company’s market price once it gets listed. This could lead to unpredictable stock price movements and uncertainty for investors.

Le Travenues IPO Lead Manager(s)

  • Axis Capital Limited
  • Dam Capital Advisors Limited
  • Jm Financial Limited

Le Travenues IPO Promoter(s)

NA


Le Travenues IPO Company Details

Le Travenues Technology Limited
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Le Travenues IPO Registrar

Link Intime India Private Limited
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Le Travenues IPO FAQs