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LE TRAVENUES TECHNOLOGY LTD (IXIGO) IPO

14,973
Minimum Investment

Price Range (₹)

Rs. 88 –Rs. 93

Issue Size (₹ in Cr.)

Up to 740.1 Cr

Minimum Quantity

161 Shares

Bidding Period

Jun 10 – Jun 12, 2024

Le Travenues Technology Ltd (ixigo) IPO Issue timeline

Subscription Status

Shareholder
Retail Individual Investor
Non-Institutional Investor
Qualified Institutional Buyers
Employee
Overall

- 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)

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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)

Follow 3 simple steps TO APPLY IPO

  • Directly from Bank A/c

    For ICICI Bank linked A/c

  • Using UPI

    For non ICICI Bank A/c

  • lock-in of 3 years
    Select IPO

    Go to the IPO section, select the IPO you want to apply from the list and click on ‘Apply’.

  • lock-in of 3 years
    Fill in the required details

    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.

  • lock-in of 3 years
    Confirm your request

    Click on proceed to confirm the order. You can view the placed order under “order book”.

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  • lock-in of 3 years
    Select IPO

    Choose the IPO you want to apply from the list. Click on Apply.

  • lock-in of 3 years
    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.

  • lock-in of 3 years
    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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Ixigo IPO FAQs

The lot size is 161 shares and minimum investment required is Rs. 14,973 for Le Travenues Technology IPO

Ixigo IPO is mainboard IPO of issue size up to Rs.740.1 Crores

The price band of Ixigo IPO is Rs.88 – Rs.93.

Head to IPO section on ICICI Direct website and select Le Travenues Technology (Ixigo) IPO. Enter and submit bid details and then click on proceed to apply once you cross-check all the bid details. It’s that simple!!

The allotment date is 13th June, 2024 and listing date is 18th June, 2024 for Ixigo IPO.

Ixigo IPO issue dates are from 10th – 12th June, 2024

The objectives of Le Travenues Technology (Ixigo) IPO are to

  1. Part-funding working capital requirements of the company;
  2. Investments in cloud infrastructure and technology;
  3. Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.

The book runners for the Le Travenues Technology (Ixigo) IPO are Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), Axis Capital Limited, Jm Financial Limited  

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Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.