Mumbai20 minutes ago
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Le Travelogue Technology, the parent company of travel aggregator ixigo, made a spectacular entry in the stock market today. The company’s shares were listed on the Bombay Stock Exchange (BSE) at Rs 135 with a premium of 45%. At the same time, the shares of the National Stock Exchange (NSE) company were listed at Rs 138.10, up 48.50%.
Le Travenews Technology had kept the issue price of its initial public offering i.e. IPO at ₹88-₹93. Retail investors could bid for this from June 10 to June 12.
This IPO was subscribed a total of 98.10 times. The issue was subscribed 53.95 times in the retail category, 106.73 times in the Qualified Institutional Buyers (QIB) category and 110.25 times in the Non-Institutional Investors (NII) category.
10% of the issue was reserved for retail investors
Le Travenews Technology Limited had reserved 75% of the issue for Qualified Institutional Buyers (QIBs). Apart from this, about 10% share was reserved for retail investors and the remaining 15% share was reserved for non-institutional investors (NII).
Le Travenews Technology was established in 2006
Le Travenews Technology Limited was established in 2006. It is an online travel agency (OTA) that allows travelers to book train, flight, bus tickets as well as hotels through the ‘ixigo’ app. Apart from this, many other features are available in the app including PNR status and confirmation prediction, train seat availability alert, train running status, flight status, automated web checking. As of December 31, 2023, there were 486 employees in the company.
