Le Travenues Technology Ltd. IPO

Ixigo, India's fastest-growing travel platform, empowers millions to plan and book rail, air, bus, and hotel trips. They leverage AI and data science to offer smart travel decisions, focusing on the "next billion users" in Tier II and III cities. As India's leading train booking platform, they hold the highest market share and boast over 83 million monthly active users across their apps. Their commitment to innovation and user experience has resulted in rapid growth, making them a key player in shaping India's travel landscape.

RHP
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DRHP
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Open Date

2024-06-10

Close Date

2024-06-12

IPO Details

Check out the issue details for Le Travenues Technology Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 93

Price Band

₹ 88 - 93

Issue Size

740.1 Cr.

Issue Type

Book Built

Open

2024-06-10

Close

2024-06-12

Listingprice

₹ 138.1

ListingGain

48.49%

Listing Date

2024-06-18

CMP

₹ 174.38

Current Return

87.51%

Company Financials

You can get the following financial statements of Le Travenues Technology Ltd. as of now.

Subscription Details

The details about the Le Travenues technology IPO, commonly known as Ixigo IPO is as:

  • The issue size of the IPO is 740.10 Cr.
  • The price band for Le Travenues technology IPO, commonly known as Ixigo IPO is Rs 88 to Rs 93.
  • The shares of Le Travenues technology IPO, commonly known as Ixigo IPO will list on 18th June 2024.
  • The latest tentative GMP of Le Travenues technology IPO, commonly known as Ixigo IPO is Rs 25.
  • The shares of Le Travenues technology IPO, commonly known as Ixigo IPO is subscribed 98.08 Times as of 12th June 2024. 

 

Ixigo IPO Valuation

The approx valuation of Le Travenues technology IPO, commonly known as Ixigo IPO, based on its price band and DRHP/RHP is:

Particulars Value
Upper Price Band Rs 93
Existing Shares (Qty) 37.45 Cr
Fresh Issue 120 Cr
Market Cap 3602.85 Cr
EPS (FY23) Rs 0.58
PE Ratio 160.34x
Industry PE 121.39x

 

Ixigo IPO Valuation

Le Travenues technology IPO, commonly known as Ixigo IPO issue size is 740.10 Cr:

Issue Amount
Fresh Issue 120 Cr
Offer For Sale  620.10 Cr

 

Ixigo IPO Market Lot

An Individual can apply for a minimum 1 lot of 161 shares and a maximum of 13 lots of 2093 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 161 14,973
 Maximum 13 2093 1,94,649

 

Ixigo IPO Share Offer

The shares of Le Travenues technology IPO, commonly known as Ixigo IPO is subscribed 98.08 Times as of 12th June 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 106.73 Times
Non-Institutional Maximum 15% 110.24 Times
Retail Individual Maximum 10% 53.87 Times
Total   98.08 Times

Allotment Details

Find below the dates for Le Travenues technology IPO, commonly known as Ixigo IPO:

Schedule Date
Basis of Allotment 13 June 2024
Refunds 14 June 2024
Credit to Demat Account 14 June 2024
IPO Listing Date 18 June 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 109.78 120.86 253.41 329.98
Total Expenditure 135.44 118.33 284.7 329.57
Operating Profit -25.66 2.53 -31.29 0.41
Other Income 1.36 2.76 5.8 15.22
Interest 1.25 1.55 2.73 0.87
Depreciation 2.21 1.46 4.57 7.06
Exceptional Items 0 0 0 -12.61
Profit Before Tax -27.76 2.27 -32.79 -4.91
Provision for Tax 0 -5.31 -0.74 -9.44
Net Profit -27.76 7.58 -32.05 4.53
Adjusted EPS (Rs.) -0.16 0.04 -0.09 0.01

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 0.04 232.61 36.98 37.12
Total Reserves -225.35 -212.89 336.27 356.4
Borrowings 232.57 9.84 0 0
Other N/C liabilities 12.26 0.64 5.1 -8.04
Current liabilities 49.99 62.63 94.3 97.98
Total Liabilities 69.51 92.84 472.64 483.46
Assets
Net Block 6.42 3.94 196.22 187.62
Capital WIP 0 0 0 0
Intangible WIP 0 0 0 2.04
Investments 0.15 24.37 62.33 102.15
Loans & Advances 7.08 8.11 9.39 11.19
Other N/C Assets 0 0 5.2 7.88
Current Assets 55.86 56.42 199.51 172.58
Total Assets 69.51 92.84 472.64 483.46
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2024
Other Income 3.15
Profit Before Tax 15.4
Tax 5.15
Profit After Tax 10.25
Adjusted EPS (Rs) 0.27

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations -27.76 2.27 -32.79 -4.91
Adjustment 27.38 5.31 19.43 21.46
Changes in Assets & Liabilities 39.41 -21.3 -25.43 1.89
Tax Paid -2.2 -1.02 -0.71 0.94
Operating Cash Flow 36.82 -14.74 -39.5 19.38
Investing Cash Flow -8.21 -16.95 -215.95 13.61
Financing Cash Flow -2.1 13.56 257.96 -2.14
Net Cash Flow 26.52 -18.13 2.51 30.86
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