Le Travenues Technology (Ixigo) IPO

Le Travenues Technology Ltd

₹14,168 /161 sharesMinimum Investment

Le Travenues Technology (Ixigo) IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹93.00₹138.10₹45.10 (48.49%)

Le Travenues Technology (Ixigo) IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
10 Jun ‘24 - 12 Jun ‘24₹14,168161₹88 - ₹93
Issue SizeIPO Doc
740.10Cr
RHP PDF

Subscription rate

As of 12 Jun'24, 04:00 PM
Qualified Institutional Buyers106.73x
Non-Institutional Investor110.25x
Retail Individual Investor53.95x
Total98.1x

About the company

Ixigo Limited is a travel aggregator company. It started off as a travel meta search engine and developed into a technology-led online travel agency (OTA), which helps Indian travellers to plan, book, and manage their trips across rail, air, buses, and hotels. The company operates through its websites and mobile applications (apps). The company provides travel utility tools and services developed through in-house proprietary algorithms and crowd-sourced information, such as train PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, alternate route or mode planning, flight status updates, automated web check-in, bus running status, pricing and availability alerts, deal discovery, destination content, personalised recommendations, instant fare alerts for flights, AI-based travel itinerary planner, and automated customer support services. The company owns and operates the following brands: ixigo flights, ixigo trains, Comfort Tkt and Abhibus. These offer flight, train, bus, and hotel services to customers. The company’s main competitors are EaseMyTrip and Yatra Online.;
Founded in
2006
Managing director
Mr. Aloke Bajpai
Parent organisation
Le Travenues Technology Ltd
Le Travenues Technology Ltd IPO
https://www.youtube.com/watch?v=Fe9j3aJcsuI

Strength and risks

Strengths
Risks
In the financial years 2021, 2022, and 2023, the total number of monthly downloads of the company’s mobile apps on the Google Play Store and iOS app stores cumulatively were 4.38 crore, 9.0 crore, and 10.61 crore, respectively, while in the nine months ended December 31, 2023, the number was 8.19 crore. Till December 31, 2023, the company had 53.94 crore cumulative mobile app downloads and 21.32 crore registered users.
The company’s mobile apps are available in multiple regional languages, with several voice-based features.
The company uses artificial intelligence (AI), data science, and machine learning (ML) to transform its travel information and crowd-sourced data into business intelligence to enhance its travel offerings and improve its operating efficiency.
Recently, the company launched the ixigo Assured Flex, which allows purchase of a fully flexible airline or train ticket with no additional payment for cancellation or rescheduling, apart from the fare difference, across all domestic flights and train bookings at a nominal price.
The company’s revenue from operations has been growing steadily over the years. It grew from Rs 135.57 crore in FY21 to Rs 379.58 crore in FY22 to Rs 501.25 crore in FY23. It stood at Rs 491.02 crore in the nine months ended December 2023.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular88 - 93₹2 Lakh
High Networth Individual88 - 93₹2 - 5 Lakh
For Le Travenues Technology (Ixigo) IPO, eligible investors can apply as Regular.
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