The ₹640-crore initial share sale of Le Travenues Technology was open for subscription from June 10 to June 12. The Ixigo IPO listing date has been tentatively fixed as June 18. The company’s shares will be listed on BSE and NSE.
The IPO was oversubscribed by 97.11 times, with bids for around 429.4 crore shares against 4.37 crore shares on offer, according to stock exchange data.
Before the share listing, investors are eagerly awaiting the finalization of the IPO share allotment status. Once the company completes the share allocation, bidders can check the allotment status on the official website of the IPO registrar, Link Intime India Pvt Ltd.
Additionally, the IPO allotment status for Le Travenues Technology can be checked online via the NSE and BSE websites.
Steps to Check Le Travenues Technology IPO Allotment Status On BSE Website:
· Visit the BSE IPO Allotment Status page: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
· Select ‘Equity’ as the issue type
· Choose ‘Le Travenues Technology’ from the ‘Issue Name’ drop-down menu
· Enter your IPO application number or PAN
· Click on ‘Search’; your allotment details will be displayed on the screen
Chec Ixigo IPO allotment status on Registrar’s website:
· Visit Link Intime India Pvt Ltd IPO allotment status page: https://linkintime.co.in/initial_offer/public-issues.html
· Select ‘Le Travenues Technology’ from the drop-down menu
· Choose one of the following options: PAN, Application number, DP/Client ID, or Account No/IFSC
· Enter the required details and the allotment status and details will be shown on your screen.
Please note that bidders can check the share allocation details only after the company finalizes the share allocation status.
Le Travenues Technology mobilised about ₹333 crore from anchor investors with Nomura, Morgan Stanley, Government of Singapore, 3P India Equity Fund, HDFC MF, Motilal Oswal MF, and Tata Investment Corp, among others participating in the round.
About IPO
The Ixigo IPO includes a fresh issue of equity shares valued at ₹120 crore and an offer for sale (OFS) of 6.66 crore equity shares worth ₹620 crore, at the upper end of the price band, by existing shareholders.
Under the OFS, stakeholders such as SAIF Partners India IV Ltd, Peak XV Partners Investments V (formerly SCI Investments V), Micromax Informatics Ltd, Placid Holdings, Catalyst Trusteeship Ltd, Madison India Capital HC, Aloke Bajpai and Rajnish Kumar will divest their stakes.
The net proceeds of approximately ₹45 crore from the fresh issue will be allocated to fund the company’s working capital requirements, while ₹26 crore will be invested in technology and data science, including cloud and server hosting, artificial intelligence, and customer engagement technologies.
Additionally, the capital raised will be used to support inorganic growth through acquisitions and for general corporate purposes. The shares are priced in the range of ₹88-93 apiece, with investors able to bid for a minimum of 161 equity shares per lot and multiples thereof.
About the company
Le Travenues Technology is recognised as India’s leading online travel aggregator, assisting travellers in planning, booking, and managing their trips across rail, air, buses, and hotels. The company leverages artificial intelligence, machine learning, and data science innovations on its OTA platforms to help travellers make smarter travel decisions.
