Ixigi IPO Allotment To Be Out Soon! Here's How You Can Check Status
The Le Travenues Technology IPO was subscribed 98.34 times on Wednesday, the last day of bidding for the IPO.
The initial public offering of Le Travenues Technology Ltd., the parent company of online travel agency Ixigo, was subscribed 98.34 times on Wednesday led by non-institutional investors (NII) who subscribed to the issue 110.53 times. Institutional investors (QIB) subscribed to the issue 106.73 times whereas retail investors subscribed to the issue 54.85 times on the final day of the bidding for the travel IPO.
The allotment for the ixigo IPO will be finalised anytime soon today.
Investors can check the ixigo IPO allotment status on the official website of the registrar for IPO, Link Intime India Private Ltd. and the BSE website.
Given below is the step-by-step guide to check Le Travenues Technology IPO allotment status on Link Intime India and the BSE website.
ixigo IPO allotment status on Link Intime India
Visit the Link Intime India website here: https://linkintime.co.in/initial_offer/public-issues.html
Select "Le Travenues Technology Limited" from the company drop-down list on the Public Issues page.
Enter your PAN number, application number, DP Client ID or Account Number/IFSC.
Click on the "SUBMIT" button.
Download or print the allotment status for your records.
ixigo IPO allotment status on BSE
Go to the official BSE website here: https://www.bseindia.com/investors/appli_check.aspx
Select the issue type as 'Equity.'
Choose "Le Travenues Technology Limited" from the dropdown menu.
Enter your application number or PAN (Permanent Account Number).
Complete the 'Captcha' for verification.
Click on the "Search" button to view your allotment status.
Download or print the allotment status for your records.
Le Travenues Technology Listing Date
The shares of Le Travenues Technology (ixigo IPO) will list on Tuesday, June 18, 2024. The company will list on both the NSE and BSE.
IPO Timeline
IPO Open Date: Monday, June 10
IPO Close Date: Wednesday, June 12
Basis of Allotment: Thursday, June 13
Initiation of Refunds: Friday, June 14
Credit of Shares to Demat: Friday, June 14
Listing Date: Tuesday, June 18
Investors who received shares of the company will have their demat accounts credited on June 14. The refund procedure will begin on Friday, as soon as the allotment is finalised.
About Ixigo IPO
Ixigo IPO was the 10th most subscribed IPO of 2024. With 98.34 times the subscription it ranked just below Platinum Industries which saw an overall subscription of 99.03.
The Rs 740.10-crore IPO was subscribed to 9.31 times on the second day. Investors were enthusiastic about the offering, which received bids for almost twice its size on the opening day. Retail investors led demand on the first day.
The company plans to raise Rs 740.1 crore through its IPO - a mix of a fresh issue of 1.29 crore shares worth Rs 120 crore and an offer for sale of 6.67 crore shares amounting to Rs 620.1 crore. The price band for the IPO was set between Rs 88 per share and Rs 93 per share.
The minimum lot size for retail investors was 161 shares, requiring an investment of at least Rs 14,973. For small, non-institutional investors, the minimum lot size is 14 lots (2,254 shares), amounting to Rs 2.09 lakh. The minimum lot size for big non-institutional investors is 67 lots (10,787 shares), totaling over Rs 10 lakh.
It had raised Rs 333 crore from anchor investors ahead of its IPO.
ixigo IPO Subscription Details
Subscription Day 3
Total Subscription: 98.34 times.
Institutional investors: 106.73 times.
Non-institutional investors: 110.53 times.
Retail investors: 54.85 times.
Subscription Day 2
Total Subscription: 9.31 times.
Institutional investors: 0.79 times or 79%.
Non-institutional investors: 20.11 times.
Retail investors: 18.66 times.
Subscription Day 1`
Total Subscription: 1.95 times.
Institutional investors: 0.12 times or 12%.
Non-institutional investors: 2.78 times.
Retail investors: 6.21 times.
About Le Travenues Technology Limited
Le Travenues Technology Ltd, founded in 2006, is an online travel agency known as "ixigo". Ixigo offers a range of travel services, including passenger name record status and confirmation predictions, train seat availability alerts, train running status updates, delay predictions, alternative route planning, flight status updates, automated web check-in, bus running status check, price and availability alerts, deal discovery, destination content, personalised recommendations, instant fare alerts for flights, artificial intelligence-based travel planning, and automated customer support.
Ixigo's online platforms include:
Ixigo trains and Confirmtkt app: Facilitates train ticket search, booking, payment, and real-time train information. Tickets are delivered via email, SMS, and WhatsApp, with post-sales support.
Ixigo mobile app: Allows booking of air tickets, train tickets, buses, and hotels, accessible on Android and iOS. Users can manage bookings and request e-tickets through messaging platforms.
Abhibus app: Provides bus amenities, price comparisons, schedules, and other facilities through the website and mobile app.
Ixigo has the highest app usage among online travel agencies, with 83 million monthly active users across its apps as of September 2023.
Recently, it launched Ixigo Plan, an AI-based travel planner offering detailed itineraries and real-time destination information, with a generative AI plugin for conversational interactions. It also launched Ixigo Assured Flex, which is a value-added service for flexible air and rail tickets with no additional payment for cancellation or rebooking, apart from the price difference.
Ixigo Financials
Between fiscal 2021 and 2023, Ixigo's revenue from operations grew at a compound annual growth rate of 92.29%, reaching Rs 501 crore in fiscal 2023. Despite a loss of Rs 21 crore in fiscal 2022, the company made profits of Rs 66 crore for nine months ended Dec. 31, 2023.
