ixigo IPO oversubscribed by 43.89 times on the last day of bidding so far, NIIs steal the show; check GMP, key dates
₹740 crore offering, which opened on Monday, June 10, will end today (Wednesday, June 12). ixigo IPO subscription status is 43.89 times, at 13:51 IST, on the last day of bidding today.Non-institutional investors has been subscribed 79.74 times, retail investors has been booked 40.26 times, and Qualified Institutional Buyers (QIBs) 27.18 times.The initial share sale received bids for 1,92,10,35,578 shares against 4,37,69,494 shares on offer, according to BSE data.Also Read: ixigo IPO day 3: Latest GMP, subscription status to review.
Apply or not to Le Travenues Technology IPO?The initial public offering of Le Travenues Technology got booked 1.95 times on the first day of subscription on Monday, and was subscribed 9.33 times on the second day of bidding.Le Travenues Technology, founded in 2007 by Aloke Bajpai and Rajnish Kumar, is one ofcountry's top online travel aggregator, assisting passengers in planning, booking, and managing their travels by train, air, bus, and hotel.According to market analysts, the IPO of Le Travenues ltd (ixigo) provides investors with a one-of-a-kind chance to participate in a major participant in India's online travel agency (OTA) sector, with a focus on the “next billion users."" On valuation parse at the upper band of Rs.93/-, the issue is asking for a Market Cap of ₹3,603 crore. Based on annualised FY 2024 earnings and fully diluted post-IPO paid-up capital, the company is asking a P/E of 41.12x (which includes onetime exceptional gains) which appears to be fully priced by looking at the near term growth triggers.
If we exclude the one time exceptional gains the valuations get more expensive when compared to listed peers. Investors should also understand the offer which comes with higher OFS
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