The initial public offering (IPO) of Le Travenues Technology, the parent company of travel aggregator ixigo, is receiving a tremendous response from investors.
The company plans to raise Rs 740.10 crore from the IPO.
The price band for the ixigo IPO was set between Rs 88 and Rs 93 per equity share.
The subscription period opened on June 10 and closed on June 12.
Lot Size and Investment Details
The lot size for ixigo shares is 161 shares, meaning you must buy at least 161 shares or one lot. At the upper price band of Rs 93 per share, purchasing one lot will cost Rs 14,973.
Retail investors can bid for up to 13 lots, totaling 2,093 shares. This would require an investment of Rs 194,649.
Grey Market Price and Market Stability
As of today, the Grey Market Premium (GMP) for ixigo IPO is Rs 24, the same level it was at on Monday.
This indicates that ixigo’s IPO could list with a Rs 24 premium.
Despite volatility in Dalal Street, ixigo’s GMP has remained stable, which is positive news for IPO investors.
By Tuesday afternoon, ixigo IPO was subscribed more than five times.
About Le Travenues Technology
Le Travenues Technology Limited, founded in 2006, is an online travel agency (OTA).
Through the ‘ixigo’ app, travelers can book bus, train, and flight tickets, as well as hotels.
The app also features PNR status and confirmation prediction, train seat availability alerts, train running status, flight status,and automated web check-in.
By the end of last year, the company employed about 500 people.
