The ixigo IPO started on June 10, 2024, and ended on June 12, 2024. Shares were allocated on June 13, 2024, and refund processes began on June 14, 2024. On June 14, 2024, the shares were credited to investors demat accounts. ixigo was officially listed on the stock exchange on June 18, 2024.
During the IPO, ixigo offered shares at a price range of ₹88 to ₹93 per share, and the lot size was 161 shares. The total issue size was ₹740.10 crores, with ₹120.00 crores from new shares and ₹620.10 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 75% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 10% were set aside for retail investors.
ixigo IPO Subscription Update Video
ixigo IPO Subscription Status
The ixigo IPO on June 12, 2024 was subscribed 98.10 times, with the retail category being subscribed 53.95 times, the NII (Non-Institutional Investor) category being subscribed 110.25 times, the QIB (Qualified-Institutional Buyers) category being subscribed 106.73 times.
| Category | Subscription |
| QIB | 106.73x |
| NII | 110.25x |
| Retail | 53.95x |
| Total | 98.10x |
Le Travenues Technology IPO Basic Details
| Company Name | Le Travenues Technology Limited |
| Domain of Company | Travel Booking Company |
| ixigo IPO GMP Today | ₹21 |
| ixigo IPO Listing Gain | 22.58% |
| ixigo IPO Open Date | June 10, 2024 |
| ixigo IPO Close Date | June 12, 2024 |
| ixigo IPO Allotment Date | June 13, 2024 |
| ixigo IPO Listing Date | June 18, 2024 |
| Face Value | ₹10 per share |
| Price | ₹88 to ₹93 per share |
| Lot Size | 161 Shares |
| Issue Size | 79,580,900 shares of ₹1 (aggregating up to ₹740.10 Cr) |
| Fresh Issue | 12,903,226 shares of ₹1 (aggregating up to ₹120.00 Cr) |
| Offer for Sale | 66,677,674 shares of ₹1 (aggregating up to ₹620.10 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Does Not Have an Identifiable Promoter |
About Le Travenues Technology Limited
Le Travenues Technology Limited, established in 2006, is a leading online travel agency (OTA) known for its “ixigo” brand. Through its OTA platforms, ixigo makes it easy for travelers to book train, flight, and bus tickets, as well as hotels.
Ixigo offers a range of services, including:
- PNR status and confirmation predictions
- Train seat availability alerts
- Real-time train running status updates and delay predictions
- Alternative route planning
- Flight status updates and automated web check-in
- Bus running status updates
- Price and availability alerts
- Deal discovery and personalized travel recommendations
- Instant fare alerts for flights
- AI-based travel planning and automated customer support
Ixigo’s platforms include:
- ixigo trains and Confirmtkt app: This app helps users search and book train tickets across India, receive tickets via email, SMS, or WhatsApp, and access real-time train arrival and departure info. It also provides post-sales support.
- ixigo-flights app: Users can book flights, trains, buses, and hotels, check booking details, and request e-tickets via messaging apps. Available on both Android and iOS.
- Abhibus app: This app lets users compare bus booking prices, check amenities, and view bus schedules. It’s accessible on both the website and mobile app.
As of September 2023, ixigo boasts 83 million monthly active users across its apps, making it the most used OTA, according to data.ai.
Recently, ixigo introduced ixigo PLAN, an AI-driven travel planner that creates detailed itineraries and provides real-time destination information. They also launched a generative AI plugin for conversational interactions with ixigo PLAN.
Additionally, ixigo unveiled ixigo Assured Flex, a service allowing flexible air or rail ticket bookings without extra cancellation or rebooking fees, apart from the price difference.
By December 31, 2023, ixigo employed 486 full-time staff and had four consultants.
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ixigo IPO FAQs
What is the start and end date of ixigo IPO Subscription?
The ixigo IPO started on June 10, 2024, and ended on June 12, 2024.
When does ixigo IPO Subscription open?
The ixigo IPO open on June 10, 2024.
When does ixigo IPO Subscription close?
The ixigo IPO Close on June 12, 2024.
What is the allotment date of ixigo IPO?
The allotment date for ixigo IPO is June 13, 2024.
When is the initial refund date of ixigo IPO?
The initial Refund date for ixigo IPO is June 14, 2024.
When were the shares credited to investors demat accounts for the ixigo IPO?
The shares for the ixigo IPO were credited to investors demat accounts on June 14, 2024.
When will ixigo IPO be listed on the stock market?
ixigo IPO stock market will be listed on June 18, 2024 at 10 am.
What was the price range of the ixigo IPO shares?
The ixigo IPO shares were offered at a price range of ₹88 to ₹93 per share.
What was the lot size for the ixigo IPO shares?
The lot size for the ixigo IPO shares was 161 shares.
What was the total issue size of the ixigo IPO?
The total issue size of the ixigo IPO was ₹740.10 crores.
How were the shares allocated among different types of investors for the ixigo IPO?
75% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 10% were set aside for retail investors.
On which stock exchanges was the ixigo IPO listed?
The ixigo IPO was listed on both the NSE and BSE.
What is the ixigo IPO Subscription Status?
ixigo IPO is subscribed 98.10 Times.
