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2 min read | Updated on June 14, 2024, 09:44 IST
SUMMARY
Ixigo IPO share allotment: Le Travenues Technology IPO, which had set a price band of ₹88-93 per share, was a fresh issuance of 1.29 crore equity shares and an offer for sale (OFS) component worth ₹620.10 crore. The shares are expected to list on the NSE and the BSE on Tuesday, June 18.
Incorporated in 2006, Ixigo is a travel booking firm
Ixigo IPO share allotment: Le Travenues Technology, which runs the online travel booking platform Ixigo, has finalised its share allotment. The public issue was subscribed 98.34 times and was open from June 10 to June 12.
The ₹740.1 crore IPO received a strong response from non-institutional investors (NIIs) as the portion set aside for them was subscribed 110.53 times. Qualified Institutional Buyers (QIBs) bid 106.73 times the reserved portion. The retail portion was oversubscribed 54.85 times.
The IPO, which had set a price band of ₹88-93 per share, was a fresh issuance of 1.29 crore equity shares and an offer for sale (OFS) component worth ₹620.10 crore. The shares are expected to list on the NSE and the BSE on Tuesday, June 18.
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.
Le Travenues Technology Limited runs the leading online travel agency (OTA), Ixigo, as well as Abhibus and Confirmtkt. It was founded in 2006. Its services include booking train, bus and flight tickets along with services to book hotels.
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