Le Travenues Technology Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹88 - ₹93
- Lot size
- 161 shares
- Issue amount
- ₹740.1 cr
- Total subscription
- 98.1×
- Opens
- 10 Jun 2024
- Closes
- 12 Jun 2024
- Allotment
- 13 Jun 2024
- Listing
- 18 Jun 2024
Offer at a glance
Issue overview
- Issue size
- 7,95,80,900 shares
- Face value
- ₹1 Per Equity Share
- Minimum investment
- ₹14,168
- Fresh issue
- ₹120 cr
- Offer for sale
- ₹620.1 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,973
- Issue type
- Book Built Issue IPO
- Shares before issue
- 37,45,19,945
- Shares after issue
- 38,74,23,171
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 161 | ₹14,973 |
| sHNI | 14 | 2,254 | ₹2,09,622 |
| bHNI | 67 | 2,254 | ₹10,03,191 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs(10L +) | 3,531 | 79,009 |
| HNIs (2-10L) | 1,765 | 1,61,771 |
| RETAIL | 49,429 | 24,34,780 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 222.03 | 23,698.26 |
| RETAIL | 37.01 | 3,992.97 |
| HNIs 2+ | 37.01 | 3,550.53 |
| HNIs 10+ | 74.01 | 8,689.05 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 1.75 | 0.57 | -0.66 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 15.26 | 24.13 | -7.15 |
| PRE IPO(PE) | 8.14 | 0 | 0 |
| POST IPO(PE) | 148.87 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Strengths
- 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.
- 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.
- 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.
Risk factors
- 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.
- 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.
- 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.
Registrar & documents
Lead manager
Axis Capital Limited, Dam Capital Advisors Limited, Jm Financial Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Second Floor, Veritas Building, Sector - 53, Golf Course Road, Gurugram - 122 002
+91 124 668 2111
[email protected]Company website ↗Understanding IXIGO IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.