Ixigo IPO listing today: Stock likely to make robust listing; check key details

Shares of Le Travenues Technology, which operates the travel tech platform Ixigo, will debut on Dalal Street today (June 18). The shares will be listed on both the main exchanges – the NSE and the BSE – following the initial public offering (IPO) that was launched last week.

The shares will by listed at 10 am, and experts believe that the listing price would be higher than the IPO price band. The public offer had witnessed a robust response from investors, with the issue being subscribed 98.34 times.

The window for subscription was open between June 10 and June 12.

Ixigo IPO subscription status

While the issue recorded an overall subscription of 98.34 times, the maximum bids were placed by the non-institutional investors (NIIs).

The portion reserved for NIIs was subscribed 110.53 times, whereas Qualified Institutional Buyers (QIBs) bid 106.73 times of their allotted quota. The retail portion was subscribed 54.85 times.

Ixigo IPO objective

The net proceeds from the issue will be used to fund working capital requirements, strengthen cloud infrastructure and technology, and fund inorganic growth through acquisitions.

Ixigo financials

The Gurugram-based company had reported a net revenue of ₹491.02 crore in the nine-month period ended December 2023. In the same time frame, its profit after taxes stood at ₹66.8 crore.

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