Ixigo IPO allotment status to be finalised today: Steps to check shares allocation online

Ixigo IPO allotment: The share allotment status for Ixigo IPO (Le Travenues Technology) is scheduled to be finalised on Thursday, June 13. The bidding window for the public issue closed on Wednesday, June 12.

The public issue saw a strong demand on the last day of bidding as the issue was subscribed 98.34 times. Non-Institutional Investors (NIIs) led the demand for Ixigo shares on the final day of bidding. The online travel agency launched its ₹740.1 crore public issue on Monday, June 10.

Investors are eagerly waiting for the online travel agency to finalise the basis of allotment of shares. The basis of allotment will be finalised today on Thursday, June 13. Once the basis of allotment is finalised, successful bidders will receive shares in their Demat accounts on Friday, June 14, and refunds will be initiated for unsuccessful bidders on the same day. Shares of Ixigo are likely to make their D-street debut on the BSE and NSE on Tuesday, June 18.

Bidders who have placed bids for Ixigo IPO shares can check their allotment status on the registrar Link Intime India Private Ltd website or through the NSE website.

Steps to check Ixigo IPO shares allotment status on Link Intime Private Ltd website:

• Go to Ixigo IPO registrar’s website using this link: https://www.linkintime.co.in/
• Click on 'Public Issues' link
• Select ‘Le Travenues Technology IPO’ from the issue name drop down menu
• Enter one of the following: PAN, IPO application number, DP/Client ID or bank account number and IFSC
• Click the 'Submit' button

The share allotment status will now be shown on your screen, investors must note that the company name and the share allotment status will be shown only after the share allotment status is finalised by the online travel agency.

Check Ixigo IPO share allotment on the NSE website:

• Go to the NSE IPO allotment status page by entering this url: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login by typing the username and login id received on mail (Investors need to create username and password on the official website of the NSE)
• Select ‘Le Travenues Technology IPO’
• Enter your PAN details
• Enter the IPO application Number for Ixigo IPO and click submit

Ixigo IPO subscription

Le Travenues Technology IPO saw strong demand on the final day of bidding and was subscribed 98.34 times as investors bid for 430.4 crore shares against 4.37 crore shares offered for subscription.

The non-institutional investors (NIIs) led the demand for Ixigo shares as the issue was subscribed 110.53 times in the category. NIIs placed bids for 131.94 crore shares compared to 1.19 crore shares reserved for the category.

Retail investors bid for more than 43.64 crore shares compared to the 79.58 lakh shares reserved for retail investors. The retail segment of the public was subscribed 54.85 times.

The qualified institutional buyers (QIBs) bid for 254.81 crore shares against the 2.38 crore shares set aside for the category, leading to a subscription of 106.73 times.

Ixigo IPO objectives

The online travel agency will use the funds raised through the public issue for funding its working capital requirements and investing in cloud infrastructure and technology. The proceeds of the issue will also be used for funding inorganic growth through unidentified acquisitions.

About Ixigo

Le Travenues Technology Limited operates the leading online travel agency (OTA), Ixigo. The company was founded in 2006. The company helps travellers in booking train, flight and bus tickets along with services to book hotels through its OTA platforms under the Ixigo brand name.

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