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Le Travenues Technology Ltd (ixigo) IPO

Le Travenues Technology Ltd (ixigo) IPO

Price Range (₹)

To be announced

Issue Size (₹ in Cr.)

Upto Rs. 1600 crores

Minimum Quantity

To be announced

Bidding Period

To be announced

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Strengths & Risks
30 second IPO
overview
Research Rating
Financials
Industry Trends
Key Strategies
Steps to Apply
Expert Review Video

About the Le Travenues Technology Ltd (ixigo) IPO

- A technology company focused on empowering Indian travelers to plan, book and manage their trips across rail, air, buses and hotels.
- Assist travelers in making smarter travel decisions by leveraging AI, machine learning and data science led innovations on their OTA platforms, comprising websites and mobile applications
- Travelers can book train, flight and bus tickets, hotels and cabs, while accessing utility tools and services including train PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, bus running status, personalized recommendations, instant fare alerts and automated customer support services(Source: Company DRHP)

Strengths

Market leader with deep penetration in the underserved ‘next billion user’ segment

According to a F&S Report, the company is the leading OTA for the ‘next billion users’ with the highest Monthly Active Users across all OTAs. They were also the second largest OTA in terms of GTV and revenues, in Fiscal 2021 (Source: F&S Report, Company DRHP)

AI and technology driven operations

The company has implemented an artificial intelligence driven personal travel assistant, TARA, which is supported by deep learning and contextual awareness. TARA helps users achieve end-to-end resolution for queries over chat, without human intervention. (Source: Company DRHP)

Strong consumer travel brand built with user-first approach

Top-ranked OTA App on Google Play Store as of July 2021 and had the highest usage and engagement among all key OTA players and standalone transactional train mobile apps in India in Fiscal 2021 in terms of MAUs and sessions per user per month (Source: F&S Report and Company DRHP)

Risks

COVID-19 pandemic has had, and is expected to have, a material adverse effect on the travel industry and the company

The company observed a significant decrease in supply of domestic transportation tickets and international air tickets in response to comprehensive containment measures in India and closure of borders due to the pandemic. (Source: Company DRHP)

Train ticketing services depend on agreement with IRCTC

The termination of the agreement with IRCTC could preclude the company from undertaking train ticketing services and could otherwise have a material adverse effect (Source: Company DRHP)

Financials

Net Worth
Total Income
Total borrowings
Profit/(Loss) for the Period
Basic Earning per Share (EPS)

Industry Trends

- Key Initiatives Taken by Key Players to Tide Over the COVID-19 Impact: Generally, OTAs are focusing on user support by providing timely information and facilitating refunds. There has been an increasing trend of users booking fully refundable and free-cancellation options due to the continuing uncertainty on the resurgence of COVID-19.

-Segmentation Within the Overall Indian OTA Industry: Traditionally, the oldest OTAs in India began as airline aggregators. The higher the information asymmetry and the more complex the ecosystem with multiple suppliers, the higher the value proposition of an aggregator. Due to reduced margins and profitability in the airline segment, OTAs are moving to hospitality and other travel modes, as they are more sustainable revenue streams (Source: Company DRHP)

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Fill in the quantity of the number of shares you want to buy. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.
Confirm your request

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Select IPO

Choose the IPO you want to apply from the list. Click on Apply.
Fill in the required details

Fill in the quantity of shares. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.
Confirm your request

Check the A/C, UPI details and click on proceed. You will get an UPI link by which payment can be made.

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