Ixigo IPO or Le Travenues Technology Limited (ixigo) is a popular player in the Indian travel industry. With various apps like ixigo Trains, ixigo Flights, Confirmtkt, and Abhibus, the company caters to all the travel-related requirements of tourists, from transport to stay.
With over 83 million active users each month, the ixigo apps are highly sought after by travellers in India. To further improve its cloud infrastructure and boost growth, the company plans to raise ₹740.10 crores via IPO. The bids for the ixigo IPO will begin on June 10, 2024, and close on June 12, 2024, with a price band of ₹88 to ₹93 per share.
Let's explore further details of Le Travenues Technology Limited (ixigo) IPO to make a well-informed decision.
Here’s an overview of the Le Travenues Technology Limited (ixigo) IPO:
IPO Launch Date | June 10, 2024 to June 12, 2024 |
Issue Type | Book Built IPO |
To be Listed at | BSE, NSE |
Price Band | ₹88 to ₹93 per share |
Face Value | ₹1 per share |
Minimum Lot Size | 161 Shares |
Fresh Issue Size | 12,903,226 shares |
OFS Size | 66,677,674 shares |
Total Issue Size | 79,580,900 shares |
Shareholding Pre-Issue | 374,519,945 |
Shareholding Post-Issue | 387,423,171 |
Le Travenues Technology Limited, popularly known as ixigo, is a popular online travel agency (OTA) incorporated in June 2006. It is headquartered in Gurugram. ixigo is a technology-driven platform that empowers travellers to plan, book, and manage their trips across various modes of transport including rail, air, buses, and hotels.
Today, with a wide network serving over 83 million active monthly users across their platforms, ixigo is a leading player in the Indian travel industry. However, the company’s journey began with the launch of their flights metasearch website. Over the years, they expanded their services, introducing a hotel search engine in 2008, and launching the train ticket booking app in 2014.
ixigo made strategic acquisitions along the way, including the train discovery and ticketing platform Confirmtkt in February 2021, and the bus ticket booking and fleet management portal AbhiBus in August 2021.
Looking at the financials, ixigo’s revenue surged to ₹517.57 crores in FY23, up by 34.46% compared to FY22. The profit after tax (PAT) turned around from a loss of ₹21.09 crore in FY22 to a profit of ₹23.40 crore in FY23, rising by a whopping 210.91%.
Additional Read: How to Invest in an IPO Online
Open Date | Monday, June 10, 2024 |
Close Date | Wednesday, June 12, 2024 |
Cut-off Time for UPI Mandate Confirmation | 5 PM on June 12, 2024 |
Basis of Allotment Date | Thursday, June 13, 2024 |
Initiation of Refunds Date | Friday, June 14, 2024 |
Date of Credit of Shares to Demat | Friday, June 14, 2024 |
Listing Date | Tuesday, June 18, 2024 |
Investors can bid for the ixigo IPO starting with a minimum of 161 shares and in multiples of 161 thereafter. The table below shows the minimum and maximum investments for retail investors and HNIs in shares and value.
Application | Lots | Shares | Amount |
Retail (Minimum) | 1 | 161 | ₹14,973 |
Retail (Maximum) | 13 | 2,093 | ₹1,94,649 |
S-HNI (Minimum) | 14 | 2,254 | ₹2,09,622 |
S-HNI (Maximum) | 66 | 10,626 | ₹9,88,218 |
B-HNI (Minimum) | 67 | 10,787 | ₹10,03,191 |
Analyse the financial summary of Le Travenues Technology Limited (ixigo) to decide whether to invest in its IPO or not.
Amount in ₹ Crore
Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
Assets | 678.71 | 585.93 | 538.47 | 185.07 |
Revenue | 497.10 | 517.57 | 384.94 | 138.41 |
Profit After Tax (PAT) | 65.71 | 23.40 | -21.09 | 7.53 |
Net Worth | 437.13 | 373.76 | 342.69 | 29.94 |
Reserves & Surplus | 399.83 | 334.17 | 303.22 | -212.60 |
Total Borrowing | 43.36 | 0.54 | 2.73 | 14.94 |
Le Travenues Technology Limited (ixigo) distinguishes itself from its competitors through several key strengths. Let’s check them out.
Understanding potential risks is crucial before investing in a business. Here are the key risks associated with ixigo:
Before investing in the Le Travenues Technology Limited (ixigo) IPO, it is essential to review the company’s red herring prospectus thoroughly. This will help you evaluate whether ixigo's plans for its net proceeds align with your investment goals.
Stay tuned to our platform for detailed insights on how to invest in the ixigo IPO, which opens on June 10, 2024. Additionally, consider opening a demat and trading account with us to begin your investment journey seamlessly.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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