ixigo IPO booked over 4 times on day 2 so far on strong demand from retail investors; check GMP, subscription status
₹740-crore initial share sale received bids for 20,52,11,888 shares against 4,37,69,494 shares on offer, according to BSE data.The retail individual investor category was booked to 12.32 times, while non-institutional investors received 8.20 times as many subscriptions. The component for qualified institutional buyers (QIBs) was subscribed at 39%.“ixigo IPO subscription are in line with our expectations with increased interest from retail bidding more than 10x, followed by NIIs/HNIs who have bought more than 7 times the reserved portion as of now on the second day of bidding which could mean the over subscription can lead to potentially decent listing gains over and above 20% for investors.
We believe Le Travenues ltd (IXIGO) IPO brings investors a unique opportunity to invest in a prominent player in India's online travel agency (OTA) market, particularly targeting the 'next billion users," said Rajan Shinde, Research Analyst, Mehta Equities Ltd.Also Read: ixigo IPO day 2: GMP, subscription status to review. Should you apply to Le Travenues Technology IPO?The ixigo IPO began subscriptions on Monday, June 10, and will close on Wednesday, June 12.
ixigo IPO said on Friday that it has secured ₹333 crore from anchor investors ahead of its first public offering.ixigo reported that its current stockholders sold shares for little more than ₹176 crore in a pre-IPO transaction. The company offered 75% of the issueto qualified institutional buyers (QIBs), 15% to non-institutional investors, and 10% to retailinvestors.
Investors can bid on a minimum of 161 shares or multiples thereof. The Ixigo IPO price band has been set at ₹88 to ₹93 per equity share with a face value of one apiece.Le Travenues Technology, often known as ixigo,
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