IPO Issue Details
Issue Price / Price Band₹93 per share (Fixed Price)
Face Value₹1 Per Share
Lot Size161 Shares per Lot
Total Issue Size7,95,80,899 shares (aggregating up to ₹740.10 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 10 Jun 2024
Subscription CloseWed, 12 Jun 2024
Anchor AllotmentFri, 07 Jun 2024
Basis of AllotmentThu, 13 Jun 2024
Initiation of RefundsFri, 14 Jun 2024
Credit of Shares to DematFri, 14 Jun 2024
Listing DateTue, 18 Jun 2024
UPI Mandate Deadline2024-06-12
Application & Investment Details
Retail — Min (1 Lots)₹14,973 — 161 shares
Retail — Max (13 Lots)₹194,649 (13 Lots)
HNI — Min (14 Lots)₹2,09,622 — 2,254 shares
EPS (Pre-IPO)₹0.62
EPS (Post-IPO)₹2.26
P/E Ratio (Pre-IPO)148.87x
P/E Ratio (Post-IPO)41.12x
Pre-IPO Promoter Holding37,45,19,945 shares
Post-IPO Promoter Holding38,74,23,171 shares
Fresh Issue Shares1,29,03,225 shares (aggregating up to ₹120.00 Cr)
Offer for Sale Shares6,66,77,674 shares of ₹1 (aggregating up to ₹620.10 Cr)
About Le Travenues Technology Ltd.
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 ixigo trains and Confirmtkt app: They facilitate the travel planning and booking process by enabling users to search for available train tickets for travel across India, book and pay for the selected tickets, receive tickets through various fulfillment methods such as e-mail, SMS, and Whatsapp, access real-time information on train arrivals and departures and avail the required post-sales support.ixigo-flights mobile app: It allows users to search and book all our travel products and services, including air tickets, train tickets, buses and hotels. Users can access all past and future bookings, check and amend booking details, and request e-tickets and details via messaging platforms. The app is available for both Android and iOS operating systems.Abhibus app: It allows users to check the amenities offered, compare booking prices, check bus schedules on the desired route and use other facilities. It is available through both the website and the mobile app.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.
Objects of the Issue
Le Travenues Technology Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Part-funding working capital requirements of the company;
2
Investments in cloud infrastructure and technology; and
3
Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding
37,45,19,945 shares
Post-IPO Promoter Holding
38,74,23,171 shares
Lock-in Period (30%)July 13, 2024
Lock-in Period (50%)September 11, 2024