Travel Tech/OTA - Listed on 18 June 2024
Le Travenues Technology (ixigo) (Travel Tech/OTA) closed its IPO window in 2024 and listed on NSE and BSE on 18 June 2024 at an upper band issue price of Rs 93, opening at Rs 138.1 for a listing gain of +48.5% and closing day one at Rs 165.72 (+78.2% on closing basis). The IPO was subscribed 98.10x overall - QIB 106.73x, HNI/NII 110.25x, Retail 53.95x. The total issue size was Rs 740.1 Cr (Fresh Issue Rs 120 Cr, OFS Rs 620.1 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Travel Tech/OTA
Le Travenues Technology (ixigo) operates in the Travel Tech/OTA space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Le Travenues Technology (ixigo) issue was offered at an upper price of Rs 93 and raised approximately Rs 740.1 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 28 | +32.26% |
| Day 2 | Rs 28 | +34.41% |
| Day 3 | Rs 25 | +35.48% |
| Day 4 | Rs 25 | +37.63% |
| Day 5 | Rs 25 | +27.96% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Le Travenues Technology (ixigo) IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Le Travenues Technology (ixigo) IPO listed at +48.5% versus the upper issue price of Rs 93 on 18 June 2024.
Le Travenues Technology (ixigo) IPO was subscribed 98.10x overall. QIB portion was subscribed 106.73x, HNI / NII 110.25x and Retail 53.95x.
IPO GMP started at Rs 28 on Day 1 and moved to Rs 25 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.