Le Travenues Technology Ltd

E-Commerce/App based Aggregator

Offer Period :

10th to 6th Jun 2024

Founded in 2007, ixigo aids Indian travelers in managing trips across various modes of transportation. Utilizing data science and AI, it offers cost-effective travel solutions.  Read more... Headquartered in Gurgaon, it's become a top travel ecosystem in India, now eyeing an IPO for further expansion.Read less

Le Travenues Technology Ltd IPO Details

IPO Date 10th to 6th Jun 2024 Minimum Investment ₹14973 / 1 Lots
Listing Date 2024-06-18 Maximum Investment ₹194649 / 13 Lots
Face Value ₹1 per share Total Issue Size ₹740.1 Crores
Price ₹93 to ₹93 per share Fresh Issue ₹120 Crores
Lot Size 1 Lots (161 Shares) Offer For Sale ₹ 620.1
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 10th to 6th Jun 2024
Listing Date 2024-06-18
Face Value ₹1 per share
Price ₹93 to ₹93 per share
Lot Size 1 Lots (161 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14973 / 1 Lots
Maximum Investment ₹194649 / 13 Lots
Total Issue Size ₹740.1 Crores
Fresh Issue ₹120 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

10th Jun

IPO Starts

12th Jun

IPO Ends

13th Jun

Allotment Date

14th Jun

Initiation of Refund

14th Jun

Credit of Shares to Demat Account

18th Jun

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 0 0
Public Group 100 100

Le Travenues Technology Ltd IPO Reservation

QIB Shares Offered 59685676(75%)
NII (HNI) Shares Offered 11937135(15%)
Retail Shares Offered 7958090(10%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 79580896
Total Shares With Anchor Investor 79580896

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Le Travenues Technology Ltd IPO Registrar

Link Intime India Pvt Ltd
Phone Number (+91) 81081 14949
Email Id ixigo.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Le Travenues Technology Ltd IPO Lead Manager

1. Axis Capital Ltd

2. Dam Capital Advisors Ltd

3. JM Financial Ltd

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Le Travenues Technology Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 2,38,74,271 1,90,07,016 8,04,085.0
Non Institutional Investors (NIIs) 1,19,37,134 27,33,48,215 8,04,085.0
Non Institutional Investors (Bid amount of more than Ten Lakh Rupees) 79,58,089 17,90,78,529 8,04,085.0
Non Institutional Investors (Bid amount of more than Two Lakh and upto Ten Lakh Rupees) 39,79,045 9,42,69,686 8,04,085.0
Retail Individual Investors (RIIs) 79,58,089 15,62,14,275 8,04,085.0
Total 4,37,69,494 44,85,69,506 8,04,085.0

Strength of Le Travenues Technology Ltd

1. Leading online travel agency ("OTA"), with significant penetration in the underserved ext billion user' market segment.

2. Artificial intelligence ("AI") and technology driven operations .

3. Established consumer travel brands built with user-first approach Established consumer travel brands built with user-first approach.

4. Diversified business model with significant operating leverage and organic flywheel.

5. Experienced management team with lean organization structure.

Risks Involved

1. The Offer Price, market capitalization to revenue multiple and price to earnings ratio based on the Offer Price of the Company, may not be indicative of the market price of the Company on listing or thereafter.

2. The company originally commenced operations as a meta search website and subsequently transitioned to become an OTA. The company has limited experience of operating as an OTA. Its market share of the overall OTA market by GTV was 6.52% and 5.88% in the nine months ended December 31, 2023 and December 31, 2022, respectively, while it was 6.01%, 11.72% and 9.24% in Fiscal 2023, 2022 and 2021, respectively, (Source: F&S Report) on account of its limited operating history as an OTA.

3. Its train ticketing services depends on its agreement with IRCTC. The termination of the company agreement with IRCTC could preclude it from undertaking its train ticketing services and could otherwise have a material adverse effect on its results of operations, cash flows, financial condition and business prospects.

4. Its arrangement with IRCTC is on a non-exclusive basis and IRCTC may engage with other distribution partners including its competitors.

5. Any failure to maintain satisfactory performance of its technology infrastructure, including the company OTA platforms, particularly those leading to disruptions in its services, could materially and adversely affect the company's business and reputation, and its business may be harmed if its technology infrastructure or technology is damaged or otherwise fails or becomes obsolete.

6. The company has incurred net losses in the past and its anticipate increased expenses in the company's future. Any loss in future periods could adversely affect its operations and financial conditions and the trading price of its Equity Shares.

7. The company is subject to privacy regulations, and compliance with these regulations could impose significant compliance burdens.

8. The company has launched products and features such as ixigo Assured, ixigo Assured Flex and Abhi Assured to improve customer experiences, and the company intend to continue offering new features and products. If the rollout of new products and services, features, improvements and strategies do not meet its objectives or customer expectations, it could adversely impact its business and financial condition.

9. If the company fails to maintain and enhance its brands "ixigo", "ConfirmTkt" and "AbhiBus" or if the company fails to maintain the quality of customer service, its may faces difficulty in maintaining existing and acquiring new users and business partners and its business may be harmed.

10. Its Statutory Auditors have included an emphasis of matter in their report on its audited financial statements and included certain modifications in the annexure to their report on its audited financial statements.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 585.92 538.47 185.07
Total Liabilities 585.92 538.47 185.07
Total Expenses 484.29 402.54 135.7
Total Revenue 
517.57 384.94 138.41
Profit After Tax 21.64 -24.38 7.53
EBITDA 32.44 -6.95 6.14
Adjusted EBITDA 0 0 0

Le Travenues Technology Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-06-18 544192 IXIGO
INE0HV901016
₹93 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹93 ₹93
Open ₹135 ₹138.1
Low ₹135 ₹135
High ₹161.99 ₹165.72
Low ₹135 ₹135

Frequently Asked Questions

What is Le Travenues Technology Ltd IPO?

Answer Field

Le Travenues Technology Ltd IPO is a Mainboard IPO of 7,95,80,896 equity shares of a face value of ₹1 aggregating up to ₹740.1 Crores. The issue is priced at ₹93 to ₹93 per share. The minimum order quantity is 161 Shares. The IPO opens on June 10, 2024, and closes on June 12, 2024. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Le Travenues Technology Ltd IPO will open?

Answer Field

The Le Travenues Technology Ltd IPO opens on June 10, 2024 and closes on June 12, 2024.

What is the lot size of Le Travenues Technology Ltd?

Answer Field

Le Travenues Technology Ltd lot size is 161 shares, and the minimum amount required is ₹14,973.

How to apply for Le Travenues Technology Ltd IPO?

Answer Field

You can apply in Le Travenues Technology Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Le Travenues Technology Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Le Travenues Technology Ltd IPO will be done on June 13, 2024, and the allotted shares will be credited to your demat account by June 14, 2024.

When is Le Travenues Technology Ltd IPO listing date?

Answer Field

The Le Travenues Technology Ltd listing date is June 18, 2024.

Who is the registrar of Le Travenues Technology Ltd IPO?

Answer Field

The registrar of Le Travenues Technology Ltd IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Axis Capital Ltd,Dam Capital Advisors Ltd,JM Financial Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Le Travenues Technology Ltd IPO?

Answer Field

The fresh issue size is ₹120 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Le Travenues Technology Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 161 shares and ₹14,973 amount.

How can I approve the UPI mandate request for Le Travenues Technology Ltd IPO?

Answer Field

To apply for Le Travenues Technology Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Le Travenues Technology Ltd?

Answer Field

The price of each Le Travenues Technology Ltd share will be ranging in between ₹93 to ₹93 per share.

What is the cut-off time for the UPI mandate for Le Travenues Technology Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, June 12, 2024.

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