Ixigo IPO subscribed over 98 times on last day
initial public offering (IPO) of Le Travenues Technology, the parent company of online travel platform Ixigo, closed on Wednesday, with bids exceeding 98 times the shares on offer.
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The investors placed bids for 4293.6 million shares against 43.7 million shares available, according to data from the BSE.
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Offering CollegeCourseWebsiteMIT xPROMIT Technology Leadership and InnovationVisitIIT DelhiCertificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Product ManagementVisitThe category reserved for retail investors was booked 53.9 times, while that of non-institutional investors received bids for 110.2 times. Qualified institutional buyers (QIB) bid for 2548.1 million shares, 106.7 times the shares on sale.
The IPO included a fresh equity issue of Rs 120 crore and an offer for sale (OFS) of up to 66.6 million shares.
Existing shareholders such as Elevation Capital, Peak XV Partners, Aloke Bajpai, Rajnish Kumar, Micromax Informatics, and Placid Holdings will partially offload their stakes through the OFS.
The IPO had sailed through on the opening day itself, being subscribed 1.95 times on Monday.
Prior to the IPO, Ixigo raised around Rs 333 crore from anchor investors. Marquee investors in Ixigo’s anchor book
