| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹740.10 Cr |
| Fresh Issue | ₹120.00 Cr |
| Offer for Sale | ₹620.10 Cr |
| Face Value | โน1 Per Equity Share |
| Price Band | โน88.00-93.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544192 |
| NSE Code | IXIGO |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | JM Financial Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 161 shares and in multiples thereof
Le Travenues Technology Limited was founded in 2006 and is an online travel agency (OTA) that enables travelers to book train, flight, and bus tickets as well as hotels via its OTA platforms under the brand name "ixigo".
The company's list of services includes PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, alternative route or transportation planning, flight status updates, automated web check-in, bus running status, price and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts for flights, AI-based travel planning service and automated customer support.
The various OTA platforms offered by ixigo include:
The company has the highest app usage among OTAs with a cumulative 83 million monthly active users across its apps, according to data.ai in September 2023.
The company recently launched ixigo PLAN, an intelligent, AI-based travel planner that helps travelers plan their trips with detailed itineraries and real-time destination information. It has also launched a generative AI plugin that enables conversational interactions with ixigo PLAN.
The company has also launched a value-added service, ixigo Assured Flex, which enables the purchase of a fully flexible air or rail ticket with no additional payment for cancelation or rebooking, apart from the price difference, for all domestic flights and rail bookings at a low cost.
As of December 31, 2023, the company had 486 full-time employees, and 4 consultants working under consultancy agreements.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Part-funding working capital requirements of our Company | 45.00 |
| 2 | Investments in cloud infrastructure and technology | 25.80 |
| 3 | Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes | 40.31 |
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 678.71 | 585.93 | 538.47 | 185.07 |
| Total Income | 497.10 | 517.57 | 384.94 | 138.41 |
| Profit After Tax | 65.71 | 23.40 | -21.09 | 7.53 |
| NET Worth | 437.13 | 373.76 | 342.69 | 29.94 |
| Reserves and Surplus | 399.83 | 334.17 | 303.22 | -212.60 |
| Total Borrowing | 43.36 | 0.54 | 2.73 | 14.94 |
| Amount in ₹ Crore | ||||
| KPI | Dec 31, 2023 |
|---|---|
| RoNW | 15.26% |
| Price to Book Value | 8.14 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (โน) | 0.62 | 2.26 |
| P/E (x) | 148.87 | 41.12 |
| Market Cap | โน3603.04 Cr. | |