#NSE0098– ixigo – Best Travel Website, Book Flights, Trains, Hotels & Buses
Main Board IPO Le Travenues Technology Limited, operating under the brand name “ixigo,” is an online travel agency (OTA) founded in 2006. The company provides a comprehensive range of travel-related services, allowing users to book train, flight, and bus tickets as well as hotel accommodations through its platforms.
Key Services Offered by ixigo:
- PNR Status and Confirmation Predictions
- Train Seat Availability Alerts
- Train Running Status Updates and Delay Predictions
- Alternative Route or Transportation Planning
- Flight Status Updates
- Automated Web Check-In
- Bus Running Status
- Price and Availability Alerts
- Deal Discovery
- Destination Content
- Personalized Recommendations
- Instant Fare Alerts for Flights
- AI-Based Travel Planning Service
- Automated Customer Support
ixigo offers several OTA platforms to cater to various travel needs, including specialized apps for trains, flights, and buses.
IPO is structured as follows:
- Total Issue Size: Rs 740.10 crores
- Fresh Issue: 1.29 crore shares aggregating to Rs 120.00 crores
- Offer for Sale: 6.67 crore shares aggregating to Rs 620.10 crores
- Subscription Period:
- Opens: June 10, 2024
- Closes: June 12, 2024
- Allotment and Listing:
- Allotment Finalization: June 13, 2024
- Listing Date: June 18, 2024 on BSE and NSE
- Price Band: ₹88 to ₹93 per share
- Minimum Lot Size for Application:
- Retail Investors: 161 shares, requiring a minimum investment of ₹14,973
- sNII (Small Non-Institutional Investors): 14 lots (2,254 shares), requiring an investment of ₹209,622
- bNII (Big Non-Institutional Investors): 67 lots (10,787 shares), requiring an investment of ₹1,003,191
Le Travenues Technology Limited plans to use the net proceeds from the ixigo IPO to fund several key initiatives:
- Part-Funding Working Capital Requirements:
- This will help in meeting the daily operational expenses and ensuring smooth business operations without financial constraints.
- Investments in Cloud Infrastructure and Technology:
- Enhancing cloud infrastructure to support the scalability and efficiency of their platforms.
- Investing in technology advancements to improve the user experience and expand service offerings.
- Funding Inorganic Growth:
- Acquisitions of other companies or technologies that complement or enhance ixigo’s current offerings.
- Strategic initiatives aimed at expanding the company’s market presence and capabilities.
- General Corporate Purposes:
- This includes any other expenses related to the overall growth and development of the company, such as marketing, legal, and administrative costs.
Disclaimer-
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