ixigo IPO day 2: GMP, subscription status to review. Should you apply to Le Travenues Technology IPO?
ixigo IPO day 2: The initial public offering (IPO) of ixigo, which opened on 10th June 2024, has received a robust response from primary market investors. The public issue worth ₹740.10 crore will remain open till 12th June 2024. The company has fixed the ixigo IPO price band at ₹88 to ₹93 per equity share, and the book build issue is proposed for listing on BSE and NSE.
ixigo IPO is a mix of fresh problems and offers for sale (OFS). The company has reserved ₹620.10 crore for OFS, while ₹120 crore is aimed at issuance of fresh issues. As per the ixigo IPO subscription status, the public issue has been booked 1.95 times.
Despite the volatility in the Indian stock market, the grey market remained steady regarding the ixigo IPO. According to stock market observers, shares of the ixigo parent Le Travenues Technology Limited are available at a premium of ₹24 in the grey market today.As mentioned above, the ixigo IPO GMP (grey market premium) today is ₹24, unchanged from Monday's. Market observers say the ixigo IPO GMP remained steady despite volatility on Dalal Street, which augurs well about the book build issue.
They say the strong response by the primary market investors could be the probable reason for the public offer holding its fort during Monday's selling pressure.After day one of the subscription, the ixigo IPO was booked 1.95 times, whereas its retail portion was booked 6.21 times. The NII segment of the public issue has been subscribed 2.78 times, while the QIB portion has been booked 0.12 times. This level of subscription indicates a strong interest from retail investors, which could lead to oversubscription and potentially higher listing gains for investors.Giving a 'subscribe' tag to the public offer, Rajan
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