Le Travenues Technology Limited

About Le Travenues Technology Limited  Incorporated in 2006, Le Travenues Technology Limited is a travel booking company that works under the name of its four OTA (Online Travel Agency) platforms - abhibus, ixigo (for flight), ixigo (for trains), and Confirmtkt. It allows travellers to plan, book and manage their trips across rail, air, buses and hotels. It provides services such as ticket and hotel booking, status updates for vehicles, alternate route or mode planning, automated web check-in, pricing and availability alerts, deal discovery, personalised recommendations, and an AI-based travel itinerary planner.  The company is the second-largest OTA in India in terms of consolidated revenue from operations in FY23. It is also the leading OTA for the ‘next billion users’, and in September 2023, its OTA platforms collectively saw the highest usage and engagement among all key OTA players and standalone transactional train mobile apps in India.  In September 2023, it served 83 million monthly active users across its apps. It had 4.9 million monthly app downloads, and 42 million transactions were booked through its platforms as of Q3 FY24. It uses a multi-app strategy to target distinct customer segments.  Between FY21 and FY23, it saw a CAGR rise of 54% in its revenue from operations. Meanwhile, between Q3 FY23 and Q3 FY24, it saw a rise of 34% in its revenue and 253% in its profit. Moreover, the total Indian travel market is expected to grow at a CAGR of around 9% by FY28, which will benefit the company.  And now, Le Travenues Technology Limited is coming out with its initial public offer (IPO). The total IPO issue size is ₹740.10 crore comprising fresh issue, aggregating to ₹120 crore, as well as an offer for sale, aggregating to ₹620.10 crore. The money raised from the fresh issue will be utilised to partly fund working capital requirements, invest in cloud infrastructure, fund inorganic growth through acquisitions, and for general corporate purposes. Its shares will be listed on the NSE and BSE.  Here are key details about the Le Travenues Technology IPO:     Company Name  Le Travenues Technology Limited   Company Type  Private    Company Established On  2006   Le Travenues Technology Limited IPO Opening Date  10th June 2024    Le Travenues Technology Limited IPO Closing Date  12th June 2024   Le Travenues Technology LimitedIPO Allotment Status  13th June 2024    Credit of Shares to the Demat Account  14th June 2024   Le Travenues Technology Limited IPO Listing Date  18th June 2024    Le Travenues Technology Limited IPO Face Value  ₹1 per share   Le Travenues Technology Limited IPO Lot Size  161 shares    Le Travenues Technology Limited IPO Issue Size  Approx ₹740 crore   Le Travenues Technology Limited IPO to be Listed on  BSE, NSE    Le Travenues Technology Limited IPO Price band  ₹88 – ₹93 per share        Financial snapshot     Particulars  FY21  FY22  FY23  Q3FY24    Revenue  ₹ 135 crore  ₹ 379 crore  ₹ 501 crore  491 crore    Net Profit/Loss  ₹ 7.5 crore  ₹ -21.0 crore  ₹ 23.3 crore  65.7 crore               Here’s a quick look at Le Travenues Technology Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)  Strengths and opportunities   Leading OTA with significant penetration in the underserved ‘next billion user’ market segment. Next billion users’ refers to an existing as well as anticipated market of “new to internet” users that includes all non-Tier I market demand and comprised 60%-65% of the overall travel market in FY223.  Artificial intelligence and technology-driven operations such as ixigo PLAN, an intelligent AI-based trip planner; ixigo Assured Flex, which allows the purchase of a fully flexible airline or train ticket; and an AI driven personal travel assistant, TARA.  Established consumer travel brands such as the ixigo group apps were one of the highest-rated apps among OTAs, with a rating of 4.6 on the Google Play Store as of November 2023.  A comprehensive mix of product and service offerings with a presence across trains, flights, buses and hotels allows it to monetize all aspects of its OTA platforms and gives operating leverage.   Risks and threats   Limited experience of operating as an OTA as it originally commenced operations as a meta search website.  Affected by trends in the travel industry, which can adversely affect its business.  Operates in a highly competitive Indian OTA industry and faces competition from MakeMyTrip, EaseMyTrip, Yatra.com, Cleartrip, PayTM, Amazon, RailYatri, Goibibo, and Redbus.  The travel industry is sensitive to and can be negatively affected by safety concerns, terrorist attacks, regional conflicts, health concerns, natural calamities, regulatory restrictions or other catastrophic events.  Has incurred a net loss of ₹21 crore in FY22 owing to an increase in expense due to the employee stock option scheme and the impact of the COVID-19 pandemic.  Had negative cash flows from operating activities amounting to ₹15 crore and ₹34 crore in FY21 and FY22 due to the COVID-19 pandemic and consequent lockdowns.            Le Travenues Technology Limited IPO details  | Le Travenues Technology Limited IPO date  According to the offer document filed by the company with the SEBI, the Le Travenues Technology IPO’s opening date – in other words, the Le Travenues Technology IPO launch date – will be 10th June 2024. The Le Travenues Technology IPO closing date is 12th June 2024. After this, investors will be updated about the allotment status on 13th June 2024.  Investors, who have been allotted shares, can expect them to be credited to their demat account on 14th June 2024. The Le Travenues Technology IPO listing date is 18th June 2024. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.  | Le Travenues Technology Limited IPO Price Band  The IPO is a fresh issue as well as an offer for sale. The Le Travenues Technology IPO price band has been set between ₹88 and ₹93 per share. Interested investors can choose a price within this band to apply for the IPO.  The Le Travenues Technology IPO listing price will be determined on 18th June 2024. The listing price is the price at which a company’s shares debut on the stock exchanges.  | Le Travenues Technology Limited IPO Lot size  The Le Travenues Technology IPO details have been declared. The Le Travenues Technology IPO lot size is set at 161 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Le Travenues Technology IPO issue size is approx ₹740 crore.           How to pre-apply for the Le Travenues Technology Limited IPO?  You can pre-apply for the Le Travenues Technology Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription.  Follow these steps to pre-apply for the IPO:   Login to your Upstox account, using your six-digit PIN  After successfully logging in, click on ‘Discover’  On the Discover tab, you will find the ‘Invest in IPO’ section  Under the Invest in IPO section, look for the ‘Le Travenues Technology Limited IPO’ tab and click on it  Now fill in all the required information, like ‘bid price’ and ‘lot size’  Confirm and click on ‘Pre-Apply’  Accept the mandate on your UPI app            How to apply for the Le Travenues Technology Limited IPO?  If you are interested in this investment opportunity but unsure how to apply for the Le Travenues Technology Limited IPO, here we are listing out the steps for you.  When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Le Travenues Technology Limited IPO on Upstox:   Login to your Upstox account, using your six-digit PIN  After successfully logging in, click on ‘Discover’  On the Discover tab, you will find the ‘Invest in IPO’ section  Under the Invest in IPO section, look for the ‘Le Travenues Technology Limited IPO’ tab and click on it  Now fill in all the required information, like ‘bid price’ and ‘lot size’  Confirm and click on ‘Apply’  Accept the mandate on your UPI app            How to check the Le Travenues Technology Limited IPO allotment status?  When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.  Here’s a step-by-step guide on how to check the Le Travenues Technology Limited IPO allotment status:   Login to your Upstox account, using your six-digit PIN  After successfully logging in, click on ‘Discover’  On the Discover page, you will find the ‘Invest in IPO’ section  Under the Invest in IPO section, you will find the ‘View all’ option  Once you click on ‘View all’, you will be directed to the ‘IPO’ tab  In the ‘IPO’ tab, click on ‘My applications’  In ‘My applications’, under the History section, your Le Travenues Technology Limited IPO allotment status will be mentioned    Check Allotment Status           Open a demat account with Upstox to apply for the Le Travenues Technology Limited IPO  To apply for the Le Travenues Technology Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.  Here is a step-by-step guide on how to open a demat account with Upstox:   Click here to visit the demat account opening page on the Upstox website.  Enter your phone number and other essential details to begin opening a demat account.  Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed.  Complete the e-verification using the OTP sent to your registered mobile number.   This is all it takes to open a demat account with Upstox. Easy and quick, right?   Open Demat Account           Upstox – trading app to apply for the Le Travenues Technology Limited IPO  Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.  You can apply for theLe Travenues Technology Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.  In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.