Ixigo public issue oversubscribed on opening day
IPO) of Le Travenues Technology, the parent company of online travel platform Ixigo, sailed through on its opening day on Monday, with the issue being subscribed 1.95 times.
According to data from the BSE, investors placed bids for 85.5 million shares against 43.7 million shares available. The retail investors' portion was subscribed 6.21 times, while the non-institutional investor segment was subscribed 2.78 times. Qualified institutional buyers bid for 0.12 times the shares on offer. The IPO, which closes on June 12, includes a fresh issue of ₹120 crore and an offer for sale 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.
Prior to the IPO, Ixigo raised around ₹333 crore from anchor investors including Nomura, Morgan Stanley, 3P India Equity Fund, HDFC Mutual Fund, Motilal Oswal Mutual Fund, the Government of Singapore, and Tata Investment Corporation.
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