ixigo IPO Allotment Today: How to Check Status Online and Subscription Details

The ixigo IPO allotment is scheduled for today. This article provides information on how to check your allotment status online, along with the current subscription status and the Grey Market Premium (GMP) for ixigo

P24 News Media

June 13, 2024

1 minute

232

Business

ixigo IPO Allotment Date and Listing Date: Key Details

The initial public offering (IPO) of Le Travenues Technology Ltd, which operates the travel booking platform ixigo, was open for public subscription from June 10 to June 12. The Rs 740.10-crore IPO received an overwhelming 98.10 times subscription. The allotment is likely to take place today, Thursday. Investors will start receiving bank debit messages in the evening of June 13 once they are allotted the IPO. The IPO status can be checked on the registrar Link Intime India’s portal as well as the websites of BSE and NSE.

The ixigo IPO received 98.10 times subscription, garnering bids for 4,29,36,59,734 shares against 4,37,69,494 shares on offer. Shares reserved for Non-Institutional Investors (NII) were subscribed 110.25 times, whereas the portion for Qualified Institutional Buyers (QIB) received a 106.73 times subscription. The retail investors’ quota was subscribed 53.95 times.

The ixigo IPO will be listed on both BSE and NSE on June 18.

ixigo IPO: How to Check Allotment Status

The ixigo IPO allotment will likely be finalized on June 13, while its listing will take place on both BSE and NSE on June 18.

Once the IPO allotment is finalized, the status can be checked by following these steps:

Go to the official BSE website: BSE IPO Allotment Check.
Under ‘Issue Type’, select ‘Equity’.
Under ‘Issue Name’, select ‘Le Travenues Technology Ltd’ from the dropdown.
Enter your application number or Permanent Account Number (PAN).
Click on ‘I am not a robot’ to verify yourself and then hit the ‘Search’ option.

Your share application status will appear on the screen.

You can also visit the direct Link Intime portal: Link Intime IPO Allotment Check and check the Le Travenues Technology Ltd IPO (ixigo IPO) allotment status.

ixigo IPO GMP Today

According to market observers, unlisted shares of Le Travenues Technology Ltd, or ixigo, are trading Rs 36 higher in the grey market compared to its issue price. The Rs 36 grey market premium (GMP) indicates a strong 38.71 percent expected listing gain from the public issue. The GMP is based on market sentiments and is subject to change.

‘Grey market premium’ reflects investors’ willingness to pay more than the issue price.

The price band of the ixigo IPO has been fixed at Rs 88 to Rs 93 per share.

ixigo IPO: More Details

The Rs 740-crore ixigo IPO includes a fresh issue of equity shares worth Rs 120 crore and an Offer For Sale (OFS) of 6.66 crore equity shares amounting to Rs 620 crore at the upper end of the price band by existing shareholders.

Under the OFS, shares will be sold by SAIF Partners India IV Ltd, Peak XV Partners Investments V (formerly SCI Investments V), Micromax Informatics Ltd, Placid Holdings, Catalyst Trusteeship Ltd, Madison India Capital HC, Aloke Bajpai, and Rajnish Kumar.

Proceeds from the fresh issue will be allocated as follows: Rs 45 crore for the company’s working capital requirements, Rs 26 crore for investments in technology and data science (including cloud and server hosting, AI, and customer engagement technology), and additional funds for acquisitions and general corporate purposes.

The company has reserved 75 percent of the issue size for qualified institutional buyers (QIBs), 15 percent for non-institutional investors, and 10 percent for retail investors. Investors can bid for a minimum of 161 shares and in multiples thereof.

Founded in 2007 by Aloke Bajpai and Rajnish Kumar, Le Travenues Technology is a leading online travel aggregator in India, assisting travelers in planning, booking, and managing their trips across rail, air, buses, and hotels.