ixigo IPO listing date fixed. GMP signals strong debut of Le Travenues Technology shares

livemint.com:

ixigo IPO: The listing date of the initial public offering (IPO) of 'ixigo' brand parent company Le Travenues Technology Limited, a pivotal moment for investors, has been set for 18th June 2024. This date, as per the information available on the Indian stock market exchanges, has been strategically chosen for the listing of ixigo IPO.

This means ixigo shares will be listed on the BSE and NSE, becoming available for trade from 10:00 AM. ixigo shares will be listed in the 'B' category of securities, as per the BSE notice.

Ahead of the ixigo IPO listing date, the grey market is hinting that shares of the online travel agency company will have a strong debut on Dalal Street. According to stock market observers, shares of Le Travenues Technology are available in the grey market at a premium of ₹30 today.Market observers said that today's ixigo IPO GMP (grey market premium) is ₹30, which is ₹6 higher than the ixigo IPO GMP available ahead of the ixigo IPO subscription opening date.

This means, grey market has gone bullish on ixigo IPO after the Indian primary market investors gave a strong response to the initial offer, indicating a high demand for the shares. Observers said that this strong subscription and bullish mood on Dalal Street could be the possible combination of reasons that are fueling ixigo IPO GMP.Also Read: Modi 3.0: FinMin to hold pre-budget meeting on June 20.

What to expectAccording to stock market observers, the ixigo IPO GMP today is ₹30, which means the grey market expects that the ixigo IPO listing price will be around ₹123 ( ₹93 + ₹30). So, the grey market expects that Le Travenues Technology's share price will have a strong debut on Dalal Street, and lucky allottees may expect around a 32 percent