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Ixigo IPO Date, Review, Price, Allotment Details

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Le Travenues Technology Ltd (Ixigo) is a technology company focused on empowering Indian travelers to plan, book, and manage their trips across rail, air, buses, and hotels. They assist travelers in making smarter travel decisions by leveraging artificial intelligence, machine learning, and data science-led innovations on their OTA platforms, comprising their websites and mobile applications. Their vision is to become the most customer-eccentric travel company, by offering the best customer experience to their users. Their focus on travel utility and customer experience for travelers in the ‘next billion user’ market segment is driven by technology, cost-efficiency, and their culture of innovation. Their OTA platforms allow travelers to book train tickets, flight tickets, bus tickets, and hotels while providing travel utility tools and services developed using in-house proprietary algorithms and crowd-sourced information, including train PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, alternate route or mode planning, flight status updates, automated web check-in, bus running status, pricing and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts for flights, AI-based travel itinerary planner and automated customer support services.

Ixigo has significant penetration in the ‘next billion user’ market. ‘Next billion users’ refers to an existing as well as anticipated market of “new to Internet” users that includes all non-Tier I market demand i.e., all travel demand originating from and/or concluding in Tier II, III and rural areas in India as well as “new to Internet” users emerging from middle and lower income groups of Tier I cities. (Source: F&S Report)In the next five years, it is expected that 20% of the ‘next billion users’ will come from Tier I cities, and a substantial 50% to come from Tier II and Tier III cities, and significantly, the rest of 30% will come from rural India. (Source: F&S Report)

Objects of the Issue

  • Part- funding working capital requirements of our Company.
  • Investments in cloud infrastructure and technology.
  • Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.

Ixigo IPO Review (Apply or Not)

  • To be updated soon

Brokerage Firm IPO Review

  • Capital Market: To be updated soon
  • Religare Broking: To be updated soon
  • Hem Securities: To be updated soon
  • Arihant Capital: To be updated soon

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Ixigo IPO (Le Travenues Technology) Date & Price Band Details

IPO Open: June 10, 2024
IPO Close: June 12, 2024
IPO Size: Approx ₹740.10 Crores, 79,580,900 Equity Share
Fresh Issue: Approx ₹120 Crores, 12,903,226 Equity Share
Offer for Sale: Approx ₹620.10 Crores, 66,677,674 Equity Share
Face Value: ₹1 Per Equity Share
IPO Price Band: ₹88 to ₹93 Per Share
IPO Listing on: BSE & NSE
Retail Quota: 10%
QIB Quota: 75%
 NII Quota: 15%
Discount: N/A
DRHP Draft Prospectus: Click Here
RHP Draft Prospectus: Click Here
Anchor Investors List: Click Here

Ixigo IPO Market Lot

The Ixigo IPO minimum market lot is 161 shares with ₹14,973 application amount. The retail investors can apply up-to 13 lots with 2093 shares or ₹194,649 amount.

Application Lot Size Shares Amount
Retail Minimum 1 161 ₹14,973
Retail Maximum 13 2093 ₹194,649
S-HNI Minimum 14 2254 ₹209,622
B-HNI Minimum 67 10787 ₹1,003,191

Ixigo IPO Allotment & Listing Dates

The Ixigo IPO date is June 10 and the close date is June 12. The Ixigo IPO allotment will be finalized on June 13 and the IPO listing on June 18.

Price Band Announcement: June 9, 2024
IPO Open Date: June 10, 2024
IPO Close Date: June 12, 2024
Basis of Allotment: June 13, 2024
Refunds: June 14, 2024
Credit to Demat Account: June 14, 2024
IPO Listing Date: June 18, 2024

You can check IPO subscription status and IPO allotment status on their respective pages.

Ixigo IPO (Le Travenues Technology) Form

How to apply for the Ixigo IPO? You can apply for Ixigo IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Ixigo IPO in the Invest section. The other option is you can apply for Ixigo IPO via IPO forms downloaded via NSE and BSE. Check out the Ixigo forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Ixigo Company Financial Report

  ₹ in Crores
Year Revenue Expense PAT
2021 ₹138.40 ₹135.70 ₹7.53
2022 ₹384.94 ₹402.54 ₹21.09
2023 ₹517.57 ₹484.29 ₹23.40
Dec 2023 ₹497.10 ₹475.48 ₹65.71

Ixigo IPO Valuation – FY2023

Check Ixigo IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS): ₹0.58 per Equity Share
Price/Earning P/E Ratio: N/A
Return on Net Worth (RoNW): 5.74%
Net Asset Value (NAV): ₹11.43 per Equity Share

Peer Group

  • Easy Trip Planners Limited
  • Yatra Online Limited
  • The Company is a Professionally Managed Company and Does Not Have an Identifiable Promoter

Ixigo IPO Registrar

Link Intime India Private Ltd
E-mail: [email protected]
Phone:(+91) 81081 14949
Website: https://linkintime.co.in/

Ixigo IPO Allotment Status Check

Check Ixigo IPO allotment status on Linkintime website allotment URL. Click Here

Ixigo IPO Lead Managers aka Merchant Bankers

  • DAM Capital Advisors Limited
  • Axis Capital Limited
  • JM Financial Limited

Company Address

Le Travenues Technology Limited
Second Floor, Veritas Building, Sector -53
Golf Course Road, Gurugram 122 002, Haryana, India
Phone: (+91 124) 668 2111
E-mail: [email protected]
Website: www.ixigo.com

Ixigo IPO FAQs

What is Ixigo IPO?

Ixigo IPO is a main-board IPO. They are going to raise ₹740.10 Crores via IPO. The issue is priced at ₹88 to ₹93 pr equity share. The IPO is to be listed on BSE & NSE.

When Ixigo IPO will open?

The IPO is to open on June 10, 2024 for QIB, NII, and Retail Investors.

What is Ixigo IPO Investors Portion?

The investors’ portion for QIB is 75%, NII is 15%, and Retail is 10%.

How to Apply the Ixigo IPO?

You can apply for Ixigo IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Ixigo IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Ixigo”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Ixigo IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Ixigo”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Ixigo IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Ixigo”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Ixigo IPO Size?

Ixigo IPO size is ₹740.10 crores.

What is Ixigo IPO Price Band?

Ixigo IPO Price Band is ₹88 to ₹93.

What is Ixigo IPO Minimum and Maximum Lot Size?

The minimum bid is 161 Shares with ₹14,973 amount while the maximum bid is 2093 shares with ₹194,649.

What is the Ixigo IPO Allotment Date?

Ixigo IPO allotment date is June 13, 2024.

What is the Ixigo IPO Listing Date?

Ixigo IPO listing date is June 18, 2024. The IPO is to list on BSE and NSE.

Note: The Ixigo IPO price band and date are not officially announced yet. The IPO grey market premium (Ixigo IPO Premium) will be added to the IPO grey market page as it will start).

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