Ixigo Locked In Upper Circuit After 78% Rise Against IPO Price
The parent firm of Ixigo debuted on BSE at Rs 135 per share, a 45.16% premium.
![<div class="paragraphs"><p>Source: Ixigo website</p></div>](https://media.assettype.com/bloombergquint%2F2024-06%2Fea27acfb-37e8-48a2-bac8-1b716a7865e4%2FIxigo_website.png?rect=7%2C0%2C1778%2C1000&auto=format%2Ccompress&w=200)
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.
![Ixigo Locked In Upper Circuit After 78% Rise Against IPO Price](https://media.assettype.com/bloombergquint%2F2024-06%2F22f69d73-fa75-4e1c-8625-a73fb6417f4e%2FWhatsApp%20Image%202024-06-18%20at%2015.02.30.jpeg?auto=format%2Ccompress)
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.