Last Updated on: 14th June 2024, 07:20 am
Le Travenues Technology Limited better known as ixigo has come up with an initial public offering IPO on 10th June 2024.
Ixigo company caterers to Indian travelers help them to plan, book and manage their trips through rail ,air ,buses and also helps in hotel booking, pnr status check and many other such services as automatic web checking status availability and pricing alerts instant fair alerts. They also have AI based travel itinerary planner and automated customer support services.
IPO Details
The company plans raise Rs. 740 crores through the IPO of which 120 crore is a fresh issue which will be utilised for :
A) Working capital
B) funding in organic growth
C) general corporate purposes
| Ipo Date | 10-06-2024 to 12-06-2024 | |
| Listing Date | 18-06-2024 | |
| Issue Size | Rs.740 cr | |
| Price Band | Rs.(88-93) | |
| Minimum Subscription | 161 shares | |
| Finalisation Date | 13-06-2024 |
Lead Managers
1)Axis Capital
2)DAM Capital Advisors
3)JM Financials
About the company
Le travenues Technology Limited is an technology based OTA (onine travel agency)founded in 2006.
It is one of the leading OTA in India with almost billion users and largest OTA in India with consolidated revenue in FY 2023.
Competitors
As Ixigo is an OTA ,the main competitors in industry are Yatra.com,booking.com,easemytrip.All of these are in OTA,primally assisting travelers to plan their trip.
Financial at a Glance
| Financial Year/year ending | Revenue(Rs.cr) | Profit(Rs.cr) |
| Mar2023 | 501 | 23 |
| Mar2022 | 380 | -21 |
| Mar 2021 | 136 | 8 |
Should you Apply for the IPO
Ixigo is trading at premium of Rs23 in GM,this means that the response is good and there is demand which can give listing gains initially.So some of the experts recommends subscribing.Analysts are of the view that it is availbe at lower valuation than its peers.
Risk factor
The companys works in cotract with IRCTC for its ticketing business.So the companys train ticketing business depends n IRCTC.If the aggrement is terminated it could hamper the business.
Indian OTA market is very competitive,so to excel and grow is not easy road to run.
Check Allotment Status
Dear investors you can check the allotment status below:
https://linkintime.co.in/initial_offer/public-issues.html
Disclaimer: Mint Mantra provides the articles and information gathered from other sites like company website and declaration to exchange and is for informational purpose only and this should not be construed as any advice for investment of any kind.Readers are suggested to consult the qualified financial consultant before making any investment decision
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