IPO Trades

Ixigo (Le Travenues Technology Ltd.) IPO Details:

Ixigo (Le Travenues Technology Ltd.) aims to raise Rs. 740.10 Cr. through IPO. It is a book-built issue. Ixigo IPO will open for subscription on June 10^th, 2024 and closes on June 12^th, 2024.  The issue is fresh issue of 1.29 Cr. shares  of Rs.1 each aggregating to Rs. 120 Cr. and Offer for Sale of 6.67 Cr. Shares of Rs. 1 each aggregating to Rs. 620.10 Cr.

Ixigo (Le Travenues Technology Ltd.) IPO Pricing Details :-

The price band of IPO is set at Rs. 88/- to Rs. 93/- and the lot size is 161 shares. The minimum investment requirement for retail category investor is Rs.14973/-, for small HNI is 14 lots (2254 shares) amounting Rs.209,622/-, for Big HNI is 67 lots (10787 shares) amounting Rs.10,03,191/-.

Face Value	Rs.1 each share
Price Band	Rs.88 to Rs. 93
Lot Size	161 Shares
Total Issue Size	Rs. 740.10 Cr. (7.96 Cr. shares of Rs.1 each)
Listing At	NSE & BSE
Type of Issue	Fresh Issue & Offer for Sale (OFS)
Retail Quota	10% of Total Issue (79,58,090 shares)
(Anchor + QIB) Quota	75% of Total Issue (5,96,85,675 shares)
NNI (HNI) Quota	15% of Total Issue (1,19,37,135 shares)
Total Size	7,95,80,900 Shares (100% of Total IPO Offer Size)

Timeline of Ixigo (Le Travenues Technology Ltd.) IPO:

Open Date	10-Jun-2024
Closing Date	12-Jun-2024
Basis of Allotment	13-Jun-2024
Initiation of Refunds	14-Jun-2024
Credit to Demat Account	14-Jun-2024
Listing Date	18-Jun-2024
Cut-Off Time of IPO Mandate	12-Jun-2024 (Up-to 5:00 pm)

The date of allotment of Ixigo IPO is June 13^th, 2024 and the date of listing of Ixigo IPO on NSE and BSE is June 18^th, 2024.

About Ixigo (Le Travenues Technology Ltd.):

1. Ixigo (Le Travenues Technology Ltd.) was founded in 2006 for business as an Online Travel Agency (OTA) to provide facility to traveller to book train ticker, flight ticket, bus tickets and hotels at one place at its OTA portal with brand name “Ixigo”.
2. Company provides various mobiles apps and website with brand name Ixigo Trains, ConfirmTkt, Abhibus and Ixigo Flight booking Mobile App. Further, company provides various tools like PNR Enquiry and train ticket confirmation probability. Through all these apps Ixigo is catering travel ticket booking services to approximately 83 million active users.
3. Company is also developing various AI tools for planning of itinerary and real time destination information. Most recent AI tools launched by Ixigo is “PLAN” and an interactive generative AI plugin for conversation with “PLAN”.

Particulars	FY 23 (In Cr.)	FY 22 (In Cr.)	FY 21 (In Cr.)
Net Revenue	501.25	379.58	135.57
Sales Growth (in %)	32.05	180.00	–
PAT	21.64	-24.38	7.19
PAT Margin (in %)	4.32%	-6.42%	5.30%
Total Equity	373.76	342.69	29.94
Total Assets	585.93	538.47	185.07
Earning Per Share (EPS)	0.57	-0.66	0.25
Asset Turnover Ratio	0.86	0.70	0.73
Return on Assets (RoA) (in %)	3.69	-4.53	3.88
Return on Equity (RoE) (in %)	5.79	-7.11	24.00

Valuation of Ixigo (Le Travenues Technology Ltd.):

Details of Peers:

Objective of the Issue:

Key Points of Ixigo (Le Travenues Technology Ltd.):

S.No.	Strength	Weakness
1	Company has very large active customer base on its various apps.	Weak side of number on PAT side.
2	Focus on Technology like AI.	Highly competitive business.
3	Increase and focus of various countries on tourism	Loss reported in previous F.Y. results.

Grey Market Premium (GMP) of Ixigo (Le Travenues Technology Ltd.) IPO:

Will be updated in due course.

IPO Allotment of Ixigo (Le Travenues Technology Ltd.) IPO:

Link Intime Private Limited is the registrar of the IPO and IPO allotment status of Ixigo IPO can be checked on Link Intime Private Limited website on June 13^th, 2024.

Details of Registrar and Book running Manager of Ixigo (Le Travenues Technology Ltd.) IPO:

Link Intime Private Limited is the registrar and JM Financial Limited, Dam Capital Advisors Ltd., Axis Capital Limited is the book running lead manager of the IPO.

For detailed information, please refer to DRHP of Ixigo IPO.