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Issue size

Upto Rs. 1600 crores

Issue Period

To be announced

Price band

To be announced

Market lot / Multiples

To be announced

Le Travenues Technology Ltd (ixigo) IPO Overview

- 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 & Risks associated

Top 0 Strengths

  • 1

    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)

  • 2

    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)

  • 3

    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)

Top 0 risks

  • 1

    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)

  • 2

    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)

Net Worth

Total Income

Total borrowings

Profit/(Loss) for the Period

Basic Earning per Share (EPS)

Industry Trends

Subscription Status

Retail Individual Investor
Non-Institutional Investor
Qualified Institutional Buyers
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FAQs

An Initial Public Offering (IPO) is when a company issues common stock or shares to the public for the first time. It is the process where a privately held company becomes a publicly traded company with the initial sale of its stock. An IPO is a tool that companies use to secure capital through investments for future use. In most instances, this investment is used to expand or improve the business.

A price band is a price floor and a cap between which a seller will let buyers place bids on a security, usually during an initial public offering (IPO).

Minimum Order Quantity, as name says, is the minimum number of shares investors can apply while bidding in an IPO. If investors want to bid for more shares, they can apply in multiples of IPO market lot (lot Size or IPO bid lot) of shares.

If an investor wants to place bids for less than Rs.2 lacs, he needs to apply in the Retail segment. If an investor wants to bid for more than Rs.2 lacs, he needs to apply in the HNI segment.

Cut-off price is the offer price, finalized by a company in consultation with the book running lead managers (BRLMs), which could be any price within the price band. Applying on Cut-off price means the investor is ready to pay whatever price is decided by the company at the end of the book-building process.

When applying at a cut-off price, an investor has to pay the highest price while placing the bid. If a company decides the final price lower than the highest price asked for IPO, the remaining amount is returned to the retail investor.

An investor can apply in all Mainboard IPOs through ICICIdirect. However, if the investor wants to apply in SME IPOs, he/she can do it through the net banking portal of ICICI Bank.

ASBA stands for "Applications Supported by Blocked Accounts". At the time of bidding, investors’ account is blocked to the extent of the bid amount and debited only at the time of allotment. This facility is being offered by ICICIDirect in affiliation with ICICI Bank Limited.

In other payment options, the bid amount is debited when investors’ bid application is placed with the stock exchanges. Under the ASBA process, the amount will be debited from investors’ bank account to the extent of successful allotment at the time of allotment. Until such allotment, the amount will remain blocked in investors’ bank account.

Application under this facility can be placed only for Book Built Public Issues.

An investor can place maximum of 3 bids in an issue.

The investor with Demat account in ICICIdirect can apply in an IPO by logging in to his ICICIdirect Account. The investor needs to select IPO and then the name of the IPO in which he would like to apply. Given below is the path:

Login to ICICIdirect account >> IPO >> Name of IPO

Investor can apply in the retail section of an IPO through iDirect Portal even if he has a 2-in-1 account (Demat, Trading Accounts) with us and Bank account with third party.

Yes, the investor can revise or withdraw the bids after application. It can be done only once the order is executed. The investor needs to go to the IPO Order Book and select the Transaction Id and then click on Withdraw Application/ Revise Bid. The application in the non- institutional category cannot be withdrawn but can only be revised.

However, this needs to be done during the issue itself and cannot be done after the issue is closed. In case of ASBA applications, for upward revision of bid, additional lien will be marked to the extent of incremental amount. However, in case of downward revision, differential money blocked earlier will not be released. Such amount, if any, will be released after allotment

No, one person cannot apply multiple times with same Demat/PAN for an IPO. If an investor applies in an IPO though multiple applications with same Demat account or same PAN Number, his applications will be rejected.

If an investor would like to place order for multiple applications, he/she can apply with his/her family member's name. But, all eligible family members should have a Demat account and a PAN number.

In cases where issue is over-subscribed, bidding for more than 1 lot from the same account doesn’t help as maximum of only 1 lot can be provided against each application. However, if the investor applies for 1 lot from different accounts, the probability of allocation of shares increases.