Le Travenues Technology Ltd. jumped 78% against the issue price of Rs 93 apiece to hit the upper circuit on its listing day on Tuesday. The stock listed at a premium of 48.49% to its IPO price of Rs 93 per share on the NSE.
The parent firm of Ixigo debuted on BSE at Rs 135 per share, a 45.16% premium.
The company's Rs 740.1 crore initial public offer was subscribed to 98.34 times on its final day, led by non-institutional investors. The issue comprised both a fresh issue of 1.29 crore shares and a 6.67 crore share offer for sale.
Shares of Le Travenues Ltd. has hit a 78.19% upper circuit and rose to Rs 165.72 apiece, after its listing on Tuesday. It remained locked at 78% upper circuit as of 3:04 p.m., as compared to 0.36% advance in the NSE Nifty 50 index.
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