Bookbuilding IPO | ₹740 Cr | Listed at BSE, NSE | Mon, Jun 10, 2024 - Wed, Jun 12, 2024
Le Travenues Technology IPO is a book build issue of ₹740.10 crores. The issue is a combination of fresh issue of 1.29 crore shares aggregating to ₹120.00 crores and offer for sale of 6.67 crore shares aggregating to ₹620.10 crores.
Le Travenues Technology IPO bidding started from Jun 10, 2024 and ended on Jun 12, 2024. The allotment for Le Travenues Technology IPO was finalized on Jun 13, 2024. The shares got listed on BSE, NSE on Jun 18, 2024.
Le Travenues Technology IPO price band is set at ₹93 per share. The lot size for an application is 161. The minimum amount of investment required by an retail is ₹14,973 (161 shares) (based on upper price). The lot size investment for sNII is 14 lots (2,254 shares), amounting to ₹2,09,622, and for bNII, it is 67 lots (10,787 shares), amounting to ₹10,03,191.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Le Travenues Technology IPO RHP for detailed Information.
IPO Open
Mon, Jun 10, 2024
IPO Close
Wed, Jun 12, 2024
Issue Price
₹93 per share
Market Cap (Pre-IPO)
₹3,603.04 Cr
| IPO Date | 10 to 12 Jun, 2024 |
| Listed on | Tue, Jun 18, 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹88 to ₹93 |
| Issue Price | ₹93 per share |
| Lot Size | 161 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 7,95,80,899 shares (agg. up to ₹740 Cr) |
| Fresh Issue | 1,29,03,225 shares (agg. up to ₹120 Cr) |
| Offer for Sale | 6,66,77,674 shares of ₹1 (agg. up to ₹620 Cr) |
| Share Holding Pre Issue | 37,45,19,945 shares |
| Share Holding Post Issue | 38,74,23,171 shares |
| BSE Script Code / NSE Symbol | 544192 / IXIGO |
| ISIN | INE0HV901016 |
Le Travenues Technology IPO offers total 7,95,80,899 shares. Out of which 5,96,85,676 (75.00%) allocated to QIB, 2,38,74,271 (30.00%) allocated to QIB (Ex- Anchor), 1,19,37,134 (15.00%) allocated to NII 79,58,089 (10.00%) allocated to RII and 3,58,11,405 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 5,96,85,676 (75.00%) | NA |
| − Anchor Investor Shares Offered | 3,58,11,405 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 2,38,74,271 (30.00%) | NA |
| NII (HNI) Shares Offered | 1,19,37,134 (15.00%) | NA |
| − bNII > ₹10L | 79,58,089 (10.00%) | 3,530 |
| − sNII < ₹10L | 39,79,045 (5.00%) | 1,765 |
| Retail Shares Offered | 79,58,089 (10.00%) | 49,429 |
| Total Shares Offered | 7,95,80,899 (100.00%) |
Investors can bid for a minimum of 161 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 161 | ₹14,973 |
| Retail (Max) | 13 | 2,093 | ₹1,94,649 |
| S-HNI (Min) | 14 | 2,254 | ₹2,09,622 |
| S-HNI (Max) | 66 | 10,626 | ₹9,88,218 |
| B-HNI (Min) | 67 | 10,787 | ₹10,03,191 |
Le Travenues Technology IPO raises ₹333.05 crore from anchor investors. Le Travenues Technology IPO Anchor bid date is June 7, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Jun 7, 2024 |
| Shares Offered | 3,58,11,405 |
| Anchor Portion (₹ Cr.) | 333.05 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Jul 13, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Sep 11, 2024 |
Le Travenues Technology Limited was founded in 2006 and is an online travel agency (OTA) that enables travelers to book train, flight, and bus tickets as well as hotels via its OTA platforms under the brand name "ixigo".
The company's list of services includes PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, alternative route or transportation planning, flight status updates, automated web check-in, bus running status, price and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts for flights, AI-based travel planning service and automated customer support.
The various OTA platforms offered by ixigo include:
The company has the highest app usage among OTAs with a cumulative 83 million monthly active users across its apps, according to data.ai in September 2023.
The company recently launched ixigo PLAN, an intelligent, AI-based travel planner that helps travelers plan their trips with detailed itineraries and real-time destination information. It has also launched a generative AI plugin that enables conversational interactions with ixigo PLAN.
The company has also launched a value-added service, ixigo Assured Flex, which enables the purchase of a fully flexible air or rail ticket with no additional payment for cancelation or rebooking, apart from the price difference, for all domestic flights and rail bookings at a low cost.
As of December 31, 2023, the company had 486 full-time employees, and 4 consultants working under consultancy agreements.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 678.71 | 585.93 | 538.47 | 185.07 |
| Total Income | 497.10 | 517.57 | 384.94 | 138.41 |
| Profit After Tax | 65.71 | 23.40 | -21.09 | 7.53 |
| NET Worth | 437.13 | 373.76 | 342.69 | 29.94 |
| Reserves and Surplus | 399.83 | 334.17 | 303.22 | -212.60 |
| Total Borrowing | 43.36 | 0.54 | 2.73 | 14.94 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part-funding working capital requirements of our Company | 45.00 |
| 2 | Investments in cloud infrastructure and technology | 25.80 |
| 3 | Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes | 40.31 |
| KPI | Dec 31, 2023 |
|---|---|
| RoNW | 15.26% |
| Price to Book Value | 8.14 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.62 | 2.26 |
| P/E (x) | 148.87 | 41.12 |
| Market Cap | ₹3,603.04 Cr. |
The ixigo IPO is subscribed 98.1 times on June 12, 2024 6:19:08 PM (Day 3). The public issue subscribed 53.95 times in the retail category, 106.73 times in the QIB category, and 110.25 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 106.73 | 2,38,74,271 | 2,54,81,99,486 |
| NII | 110.25 | 1,19,37,134 | 1,31,60,98,525 |
| bNII (bids above ₹10L) | 117.4 | 79,58,089 | 93,43,06,023 |
| sNII (bids below ₹10L) | 95.95 | 39,79,045 | 38,17,92,502 |
| Retail | 53.95 | 79,58,089 | 42,93,61,723 |
| Total | 98.1 | 4,37,69,494 | 4,29,36,59,734 |
Total Application : 26,55,149
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs and commissions (including underwriting commission, brokerage and selling commission) | 19.65 |
| 2 | Commission/processing fee for SCSBs, Sponsor Banks and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDP | 1.50 |
| 3 | Fees payable to the Registrar to the Offer | 0.01 |
| 4 | Advertising and marketing expenses | 7.96 |
| 5 | Fees payable to other parties, including but not limited to Statutory Auditors, Independent Chartered Accountant and industry report provider | 2.76 |
| 6 | Others (i) Fees to regulators, including Stock Exchanges and SEBI, BSE and NSE processing fees, book building software fees, listing fees, and other regulatory expenses; (ii) Printing and distribution of stationery; (iii) Fees payable to legal counsels; and (iv) Miscellaneous. | 22.96 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹93.00 | ₹93.00 |
| Open | ₹135.00 | ₹138.10 |
| Low | ₹135.00 | ₹135.00 |
| High | ₹161.99 | ₹165.72 |
| Last Trade | ₹161.99 | ₹165.72 |
Lead Manager Reports
Le Travenues Technology IPO is a main-board IPO of 7,95,80,899 equity shares of the face value of ₹1 aggregating up to ₹740 Crores. The issue is priced at ₹93 per share. The minimum order quantity is 161.
The IPO opens on Mon, Jun 10, 2024, and closes on Wed, Jun 12, 2024.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Le Travenues Technology IPO using UPI as a payment gateway. Zerodha customers can apply in Le Travenues Technology IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Le Travenues Technology IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Le Travenues Technology IPO opens on Mon, Jun 10, 2024 and closes on Wed, Jun 12, 2024.
Le Travenues Technology IPO lot size is 161, and the minimum amount required for application is ₹14,973.
You can apply in Le Travenues Technology IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Le Travenues Technology IPO will be done on Thursday, June 13, 2024, and the allotted shares will be credited to your demat account by Fri, Jun 14, 2024. Check the Le Travenues Technology IPO allotment status.
The Le Travenues Technology IPO listing date is on Tue, Jun 18, 2024.
