Le Travenues Technology Ltd, the owner of travel e-commerce aggregator Ixigo, is all set to hit D-Street on Monday. Priced in the range of Rs 88 to Rs 93 a piece per share in the initial public offering (IPO), the company is expected to garner investor interest. Investors can start applying from June 12.
The lot size for retail investors in this IPO is 161 shares. Hence, the minimum investment required to make in this IPO is an approximate value of Rs 14,973. Before the company launched its IPO, Le Travenues Technology Ltd. had raised Rs 333 crore from 23 anchor investors at an issue price of Rs 93 per share.
The total issue size of the Ixigo IPO is for Rs 740 crore which includes an issuance of fresh equity shares of Rs 120 crore and an offer-for-sale (OFS) of up to Rs 620 crore. The basis of allotment for Ixigo IPO is: 75% for qualified institutional buyers (QIBs), 15% for non-institutional buyers, and 10% for retail investors.
June 13 is the scheduled date for the allotment of shares, and the refund and share credit in the demat account is expected by June 14. Trading of Ixigo on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will start on June 18.
Ixigo is a leading e-commerce company catering to travelers primarily from tier II and III cities. The company operates through its website and a mobile app. The company reported fiscal 2023-24 revenue of Rs 491 crore for the first nine months ended December 31, along with a profit of Rs 66 crore during the same period.
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