ixigo IPO GMP Today ( Grey Market Premium )

The ixigo IPO commenced on June 10, 2024, and concluded on June 12, 2024. The allotment of shares took place on June 13, 2024, and the initiation of refunds began on June 14, 2024. The shares were credited to the demat accounts of investors on June 14, 2024. Finally, the listing of ixigo on the stock exchange occurred on June 18, 2024.

The ixigo IPO was priced at ₹88 to ₹93 per share, with a lot size of 161 shares. The total issue size was ₹740.10 crores, comprising a fresh issue of ₹120.00 crores and an offer for sale of ₹620.10 crores. The IPO was listed on both the NSE and BSE.

In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 75% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 10% of the shares.

ixigo IPO Basic Details

ixigo IPO GMP Today:

Le Travenues Technology IPO Details:

Le Travenues Technology Limited, founded in 2006, is an online travel agency (OTA) known by its brand name “ixigo.” It allows travelers to book train, flight, bus tickets, and hotels through its user-friendly OTA platforms.

Ixigo offers a variety of services including PNR status updates, seat availability alerts, train status and delay predictions, alternative route planning, flight status updates, automated web check-in, bus schedules, price alerts, deals, destination content, personalized travel recommendations, instant fare alerts, AI-based travel planning, and automated customer support.

Here’s a breakdown of ixigo’s key platforms:

1. ixigo trains and Confirmtkt app: This app helps users search for and book train tickets across India. It provides real-time updates on train arrivals and departures, supports multiple ticket delivery methods (email, SMS, WhatsApp), and offers post-sales support.
2. ixigo-flights app: This app lets users book flights, trains, buses, and hotels. It also allows users to manage bookings, request e-tickets, and check past and future reservations. Available on Android and iOS.
3. Abhibus app: Users can check amenities, compare prices, and view bus schedules on this app, which is accessible via both website and mobile app.

As of September 2023, ixigo boasts 83 million monthly active users across its apps, according to data.ai. The company recently introduced ixigo PLAN, an AI-powered travel planner that offers detailed itineraries and real-time destination info. It also launched a generative AI plugin for conversational interactions with ixigo PLAN.

Additionally, ixigo introduced ixigo Assured Flex, a service that lets users buy flexible air or rail tickets with no extra fees for cancellations or rebooking, aside from the price difference, for all domestic flights and rail bookings.

By December 31, 2023, ixigo employed 486 full-time staff and 4 consultants under consultancy agreements.

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