{"id":7283,"date":"2024-06-06T14:34:24","date_gmt":"2024-06-06T09:04:24","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=7283"},"modified":"2024-06-06T14:34:30","modified_gmt":"2024-06-06T09:04:30","slug":"ixigo-ipo-details","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/ixigo-ipo-details\/","title":{"rendered":"Ixigo IPO Details - Complete Overview of Le Travenues Technology Limited IPO"},"content":{"rendered":"\n

Ixigo IPO Price: <\/strong>\u20b988 to \u20b993 per share
IPO Date Range:<\/strong> 10 June 2024 - 12 June 2024<\/p>\n\n\n\n

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\"Ixigo<\/figure>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n
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Foundation & Business Essence<\/h2>\n\n\n\n

Established in 2006, Le Travenues Technology Limited is a pioneering online travel agency (OTA). Operating under the brand name \"ixigo,\" it empowers travellers to effortlessly reserve train, flight, and bus tickets, along with accommodations, through its comprehensive OTA platforms.<\/p>\n<\/div>\n<\/div>\n\n\n\n

Services Offered<\/h2>\n\n\n\n

The company provides a range of travel booking services, including train, flight, and bus tickets and hotel reservations. Their offerings include PNR status and confirmation predictions, train seat availability alerts, real-time train running status updates and delay predictions, alternative route planning, flight status updates, automated web check-in, and bus running status. <\/p>\n\n\n\n

Ixigo also offers price and availability alerts, deal discovery, destination content, personalized recommendations, instant flight fare alerts, an AI-based travel planning service, and automated customer support. <\/p>\n\n\n\n

Recently, ixigo launched ixigo PLAN, an AI-based travel planner with detailed itineraries and real-time destination information, and a generative AI plugin for conversational interactions. They also introduced ixigo Assured Flex, a service for fully flexible air and rail ticket bookings.<\/p>\n\n\n\n

OTA Platforms <\/h3>\n\n\n\n

The various OTA platforms provided by ixigo are:<\/p>\n\n\n\n

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  1. ixigo trains and Confirmtkt app<\/strong>: Streamlining travel planning and booking, these platforms empower users to search for available train tickets across India effortlessly. Users can book and pay for selected tickets, receive them through various fulfilment methods like email, SMS, and WhatsApp, access real-time train information, and receive essential post-sales support.<\/li>\n\n\n\n
  2. ixigo-flights mobile app<\/strong>: Seamlessly searches and books all travel essentials, including air tickets, train tickets, buses, and hotels. Users can conveniently access past and future bookings, review and update booking details, and request e-tickets and information through messaging platforms. Available on both Android and iOS platforms.<\/li>\n\n\n\n
  3. Abhibus app<\/strong>: Explore amenities, compare booking prices, check bus schedules, and utilize other features with ease. Accessible via the website or mobile app for hassle-free travel planning.<\/li>\n<\/ol>\n\n\n\n

    The company boasts a cumulative 83 million monthly active users across its apps, as of September 2023.<\/p>\n\n\n\n

    Market Presence and Vision<\/h2>\n\n\n\n

    Ixigo focuses on empowering Indian travelers through AI, machine learning, and data science innovations. They target the \u2018next billion user\u2019 market segment, which includes non-Tier I cities and rural areas, as well as middle and lower-income groups in Tier I cities. According to a F&S Report, in the next five years, 20% of these users will emerge from Tier I cities, 50% from Tier II and III cities, and 30% from rural India. <\/p>\n\n\n\n

    Ixigo\u2019s vision is to become the most customer-centric travel company by leveraging technology, cost-efficiency, and a culture of innovation to provide an exceptional customer experience. Their platforms enable comprehensive travel bookings while offering a suite of travel utility tools and services developed using proprietary algorithms and crowd-sourced information.<\/p>\n\n\n\n

    Bidding Starts In<\/h2>\n\n\n\n
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    -<\/div>
    DAYS<\/div><\/div>
    -<\/div>
    HOURS<\/div><\/div>
    -<\/div>
    MINUTES<\/div><\/div>
    -<\/div>
    SECONDS<\/div><\/div><\/div>\n<\/div><\/div>\n\n\n\n
    APPLY NOW<\/span><\/path><\/svg>

    Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n

    Ixigo IPO Specifics:<\/h2>\n\n\n\n
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    IPO Date<\/td>June 10, 2024 to June 12, 2024<\/td><\/tr>
    Listing Date<\/td>Tuesday, June 18, 2024<\/td><\/tr>
    Face Value<\/td>\u20b91 per share<\/td><\/tr>
    Price Band<\/td>\u20b988 to \u20b993 per share<\/td><\/tr>
    Lot Size<\/td>161 Shares<\/td><\/tr>
    Total Issue Size<\/td>79,580,900 shares
    (aggregating up to \u20b9740.10 Cr)<\/td><\/tr>
    Fresh Issue<\/td>12,903,226 shares
    (aggregating up to \u20b9120.00 Cr)<\/td><\/tr>
    Offer For Sale<\/td>66,677,674 shares
    (aggregating up to \u20b9620.10 Cr)<\/td><\/tr>
    Issue Type<\/td>Book Built Issue IPO<\/td><\/tr>
    Listing At<\/td>BSE, NSE<\/td><\/tr>
    Share holding pre issue<\/td>374,519,945<\/td><\/tr>
    Share holding post issue<\/td>387,423,171<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

    Ixigo IPO Lot Size<\/h2>\n\n\n\n

    Bidders have the opportunity to bid for a minimum of 161 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.<\/p>\n\n\n\n

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    Application<\/th>Lots<\/th>Shares<\/th>Amount<\/th><\/tr><\/thead>
    Retail (Min)<\/td>1<\/td>161<\/td>\u20b914,973<\/td><\/tr>
    Retail (Max)<\/td>13<\/td>2,093<\/td>\u20b9194,649<\/td><\/tr>
    S-HNI (Min)<\/td>14<\/td>2,254<\/td>\u20b9209,622<\/td><\/tr>
    S-HNI (Max)<\/td>66<\/td>10,626<\/td>\u20b9988,218<\/td><\/tr>
    B-HNI (Min)<\/td>67<\/td>10,787<\/td>\u20b91,003,191<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

    Ixigo IPO Reservation<\/h2>\n\n\n\n
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    QIB Shares Offered<\/td>Not more than 75% of the Net offer<\/td><\/tr>
    Retail Shares Offered<\/td>Not less than 10% of the Offer<\/td><\/tr>
    NII (HNI) Shares Offered<\/td>Not less than 15% of the Offer<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

    Ixigo IPO Timetable (Important Dates)<\/h2>\n\n\n\n
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    IPO Open Date<\/td>Monday, June 10, 2024<\/td><\/tr>
    IPO Close Date<\/td>Wednesday, June 12, 2024<\/td><\/tr>
    Basis of Allotment<\/td>Thursday, June 13, 2024<\/td><\/tr>
    Initiation of Refunds<\/td>Friday, June 14, 2024<\/td><\/tr>
    Credit of Shares to Demat<\/td>Friday, June 14, 2024<\/td><\/tr>
    Listing Date<\/td>Tuesday, June 18, 2024<\/td><\/tr>
    Cut-off time for UPI mandate confirmation<\/td>5 PM on June 12, 2024<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

    Don't Miss Out!<\/h2>
    <\/div>

    Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n

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    APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n

    Le Travenues Technology Limited IPO Financial Information<\/h2>\n\n\n\n

    Le Travenues Technology Limited saw a significant uptick in revenue, with a 34.46% increase and a remarkable surge of 210.91% in profit after tax (PAT) between the fiscal years ending on March 31, 2023, and March 31, 2022.<\/p>\n\n\n\n

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    Period Ended<\/th>31 Mar 2021<\/th>31 Mar 2022<\/th>31 Mar 2023<\/th>31 Dec 2023<\/th><\/tr><\/thead>
    Assets<\/td>185.07<\/td>538.47<\/td>585.93<\/td>678.71<\/td><\/tr>
    Revenue<\/td>138.41<\/td>384.94<\/td>517.57<\/td>497.10<\/td><\/tr>
    Profit After Tax<\/td>7.53<\/td>-21.09<\/td>23.40<\/td>65.71<\/td><\/tr>
    Net Worth<\/td>29.94<\/td>342.69<\/td>373.76<\/td>437.13<\/td><\/tr>
    Reserves & Surplus<\/td>-212.60<\/td>303.22<\/td>334.17<\/td>399.83<\/td><\/tr>
    Total Borrowing<\/td>14.94<\/td>2.73<\/td>0.54<\/td>43.36<\/td><\/tr><\/tbody><\/table>
    Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n<\/div>\n\n\n\n

    Key Performance Indicator - Ixigo IPO<\/h2>\n\n\n\n
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    KPI<\/th>Values<\/th><\/tr><\/thead>
    Market Cap<\/td>Rs 3603.04 Cr.<\/td><\/tr>
    EPS<\/td>Rs 0.62<\/td><\/tr>
    P\/E (x)<\/td>148.87<\/td><\/tr>
    RoNW<\/td>15.26%<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

    Objects of the Issue:<\/strong><\/h2>\n\n\n\n

    The company plans to allocate the Net Proceeds for the following purposes:<\/p>\n\n\n\n