Le Travenues Technology Limited, the parent company of travel aggregator Ixigo, is set to launch its initial public offering (IPO) on June 10, 2024. Here are some key highlights and information about the IPO:
IPO Details
IPO Open Date: June 10, 2024
IPO Close Date: June 12, 2024
Price Band: ₹88-93 per share
Fresh Issue: ₹120 Crore
Offer-for-Sale (OFS): 6,66,77,674 equity shares
Total Offer Size: ₹740.10 Crores
Financial Highlights
Net Revenues: ₹501.25 Crore (FY23), ₹379.58 Crore (FY22), ₹135.57 Crore (FY21)
Sales Growth: 32.05% (FY23), 180.00% (FY22)
Profit after Tax: ₹21.64 Crore (FY23), ₹-24.38 Crore (FY22), ₹7.19 Crore (FY21)
PAT Margins: 4.32% (FY23), -6.42% (FY22), 5.30% (FY21)
Key Dates
IPO Open Date: June 10, 2024
IPO Close Date: June 12, 2024
Listing Date: June 18, 2024
Lot Size and Allocation
Retail: 1 lot = 161 shares, ₹14,973
S-HNI: 1 lot = 14 shares, ₹1,94,649
B-HNI: 1 lot = 67 shares, ₹10,03,191
Promoter Holdings and Investor Quota
Allocation of shares under IPO:
+ Reservation for Employees: None
+ QIB Shares: 75.00% of the total IPO offer size
+ NII (HNI) Shares: 15.00% of the total IPO offer size
+ Retail Shares: 10.00% of the total IPO offer size
IPO Objectives
To raise funds for working capital
To invest in cloud infrastructure
To pursue growth through strategic acquisitions
Ixigo IPO Review
Ixigo is a technology company focused on empowering Indian travelers to plan, book, and manage their trips across rail, air, buses, and hotels. The company aims to become the most customer-centric travel company by offering the best customer experience to users. The IPO offers an early investment opportunity in Le Travenues Technology Ltd, and investors can apply for the IPO before the company's shares get listed on the stock exchanges.
