The ixigo IPO, whose allotment was finalised last week, will finally be listed on both BSE and NSE tomorrow, Tuesday, June 18. The Rs 740.10-crore initial public offering, which was open for public subscription from June 10 to June 12, received a whopping 98.1 times subscription. The IPO allotment status can be checked on registrar Link Intime India’s portal and the websites of BSE and NSE.
ixigo IPO: Subscription Details
The ixigo IPO received bids for 4,29,36,59,734 shares against 4,37,69,494 shares on offer, indicating a 98.1 times total subscription. Here’s the breakdown:
Non-Institutional Investors (NII): 110.25 times subscription
Qualified Institutional Buyers (QIB): 106.73 times subscription
Retail Investors: 53.95 times subscription
ixigo IPO: Grey Market Premium
According to market observers, unlisted shares of Le Travenues Technology Ltd, or ixigo, on June 17 are trading Rs 29 higher in the grey market compared to its issue price. This grey market premium or GMP suggests a decent 31.18 per cent listing gain from the public issue. Remember, GMP is based on market sentiment and may fluctuate.
Price Band
The price band of the ixigo IPO has been fixed at Rs 88 to Rs 93 per share.
ixigo IPO: How To Check Allotment Status
The ixigo IPO allotment will likely be finalised on June 13, while its listing will take place on both BSE and NSE on June 18.
Once the IPO allotment is finalised, the status can be checked by following these steps:
1) Go to the official BSE website via the URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Le Travenues Technology Ltd’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the ‘I am not a robot’ to verify yourself and hit ‘Search’ option.
Your share application status will appear on your screen.
You can also visit direct Link Intime portal — https://www.linkintime.co.in/Initial_Offer/public-issues.html and check Le Travenues Technology Ltd IPO (ixigo IPO) allotment status.
ixigo IPO Details
The Rs 740-crore ixigo IPO is a combination of a fresh issue of equity shares worth Rs 120 crore and an Offer For Sale (OFS) of 6.66 crore equity shares to the tune of Rs 620 crore, at the upper end of the price band, by existing shareholders.
Under the OFS, SAIF Partners India IV Ltd, Peak XV Partners Investments V (formerly known as SCI Investments V), Micromax Informatics Ltd, Placid Holdings, Catalyst Trusteeship Ltd, Madison India Capital HC, Aloke Bajpai and Rajnish Kumar will be selling shares.
Proceeds worth Rs 45 crore from the fresh issue will be used to fund the company’s working capital requirements and Rs 26 crore will be utilised for investments in technology as well as data science, including on cloud and server hosting, technology on artificial intelligence and customer engagement.
Additionally, funds will be used to support inorganic growth through acquisitions, and for general corporate purposes.
Company Background
Launched in 2007 by Aloke Bajpai and Rajnish Kumar, Le Travenues Technology is India’s leading online travel aggregator, helping travelers plan, book, and manage trips across rail, air, buses, and hotels. The company’s total income rose to Rs 517 crore in FY 2023 from Rs 385 crore in the previous fiscal year, with a profit of Rs 23.4 crore compared to a loss of Rs 21 crore in FY 2022.
Book Running Lead Managers
Axis Capital, DAM Capital Advisors, and JM Financial are the book running lead managers for this public issue.
Comments
0 comment