ixigo share price makes a stellar debut, stock opens with 48.5% premium at ₹138.10 apiece on NSE
₹138.10 per share, 48.5% higher than the issue price of ₹93. On BSE, ixigo share price today opened at ₹135 apiece, up 45.16% than the issue price.Market experts anticipated ixigo share price to open in the range of ₹120 to ₹125 per share.During the three-day subscription period, investors were full of enthusiasm about Le Travenues Technology's IPO, which operates the travel booking site ixigo.
The ₹740 crore offer began on Monday, June 10 and finished on Wednesday, June 12. The ixigo IPO subscription status was 98.34 times on the final day of bidding today.Aloke Bajpai and Rajnish Kumar established Le Travenues Technology in 2007, which is one of the country's leading online travel aggregators, supporting travelers in planning, booking, and managing their journeys by rail, plane, bus, and hotel.According to market experts, Le Travenues ltd's (ixigo) IPO offers investors a unique opportunity to invest in a key player in India's online travel agency (OTA) industry, with a focus on the "next billion users."The offer price is set between ₹88 and ₹93 per share.
Le Travenues Technology reported that it obtained ₹333 crore from key investors. Axis Capital, DAM Capital Advisors, and JM Financial are the book running lead managers (BRLMs) for the offer.The ixigo IPO in Gurugram combines a fresh issuance of equity shares worth ₹120 crore with an offer for sale (OFS) of 6.66 crore equity shares worth ₹620 crore by existing shareholders at the top of the price range.The proceeds of the new offering would be used to meet the company's working capital needs, with ₹26 crore spent in technology and data science, such as cloud and server hosting, artificial intelligence, and customer engagement.
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