Mumbai21 minutes ago
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The initial public offer (IPO) of Le Travelogue Technology, the parent company of travel aggregator ixigo, will open for public subscription from tomorrow. Retail investors will be able to bid for this IPO from June 10 to June 12.
The company wants to raise a total of ₹740.10 crore through this issue. For this, the company will issue 12,903,226 new shares worth ₹120 crore. At the same time, the existing investors of the company will sell 79,580,900 shares worth ₹ 740.10 through Offer for Sale i.e. OFS.
If you are also planning to invest money in this IPO, then we are telling you how much you can invest in it.
What is the minimum and maximum amount that retail investors can invest?
For this IPO, the retail investor will have to apply for a minimum of one lot i.e. 161 shares. The company has fixed the IPO price band at ₹88-₹93 per share. If you apply for 1 lot as per the upper price band of IPO of ₹ 93, then you will have to invest ₹ 14,973. Retail investors can bid for a maximum of 13 lots i.e. 2093 shares, for which they will have to invest ₹194,649.
10% of the issue reserved for retail investors
Le Travenews Technology Limited has reserved 75% of the issue for Qualified Institutional Buyers (QIB). Apart from this, about 10% share is reserved for retail investors and the remaining 15% share is 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.
