June 7, 2024
This is to inform you that Le Travenues Technology Limited (Ixigo) is coming out with a public issue to raise Rs.740 crore from the market.
The issue opens on June 10 and closes on June 12, 2024.
Details of the Le Travenues Technology Limited (Ixigo) IPO
| Company Details |
Le Travenues Technology Limited ("Ixigo") was incorporated on June 3, 2006. Ixigo is a technology company focused on empowering Indian travellers to plan, book and manage their trips across rail, air, buses and hotels. Ixigo is the leading Online Travel Agency (“OTA”) for the ‘next billion users’, with their focus on localized content and app features that aim at solving problems of Tier II/ Tier III travellers. They assists travellers in making smarter travel decisions by leveraging artificial intelligence, machine learning and data science led innovations on their OTA platforms, comprising their websites and mobile applications. Company's focus on travel utility and customer experience for travellers in the 'next billion user' market segment is driven by technology, cost-efficiency and their culture of innovation. They are also the leading OTA for the ‘next billion users’, and in September 2023, Ixigo flights, Ixigo trains, ConfirmTkt and AbhiBus have collectively seen the highest usage and engagement among all key OTA players and standalone transactional train mobile apps in India in terms of Monthly Active Users and sessions. Their OTA platforms allow travellers to book train tickets, flight tickets, bus tickets and hotels, while providing travel utility tools and services developed using in-house proprietary algorithms and crowd-sourced information. In 2022, ixigo trains app was the 8th most downloaded travel and navigation app globally as per data.ai.( (formerly App Annie). Ixigo is the largest Indian train ticket distributor in the OTA rail market and they had the largest market share of around 51%, in terms of rail bookings, among OTAs, as of March 31, 2023. Their bus focused app, AbhiBus, was the 2nd largest bus-ticketing OTA in India, with a 11.5% market share in online bus ticket bookings in Fiscal 2023 which increased further to 12.5% in the 1st half of Fiscal 2024. Company's revenue from operations have grown at a CAGR of 92.29% between Fiscal 2021 and Fiscal 2023, and the revenue from operations were ₹ 135.57 crore, ₹ 379.58 crore, and ₹ 501.25 crore in Fiscals 2021, 2022 and 2023, respectively. Over the lifecycle of their users, Ixigo has been able to cross-sell and up-sell tickets and Value-Added Services or services ancillary to their booking offerings and include services such as ixigo Assured, ixigo Assured Flex, Abhi Assured, seat selection, in-flight meals, visa processing, travel insurance and car rental services to their user base in addition to providing free information and utility services. |
| Issue Period | Issue opens on: Monday, June 10, 2024 Issue closes on: Wednesday, June 12, 2024 |
| Price Band | Rs.88 to Rs.93 per equity share |
| Bid Lot | 161 equity shares and in multiple thereafter. |
| Issue Size | Rs.740 crore |
| Issue break-up | QIB - 75% of the offer - Rs.555.08 crore NIB - 15% of the offer - Rs.111.02 crore RET - 10% of the offer - Rs.74.01 crore |
| Listing | NSE and BSE |
| Registrar | Link Intime India Private Limited |
| UPI | All Retail & NII Bidders (bids up to ₹ 5,00,000) Applications through brokers are compulsorily in UPI Mode |
| Note |
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Watch these 4 videos to know how to apply for the Le Travenues Technology Limited (Ixigo) IPO online easily.
Step 1: Create an UPI ID 
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Step 2: Apply for IPO online using mobile app or website 
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Step 3: Authorise UPI mandate to block payment 
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Remember these points while applying for IPOs
- With Sharekhan, you can now fill and submit your IPO application online at your convenience anytime before an issue closes. This can be done through the Sharekhan app or website.
- You will need a mobile phone with a SIM linked to your bank account offering the UPI facility and a debit card to create your UPI ID.
- Currently, UPI works on the following mobile applications:
Name of App (Supported Platforms) VPA Handle BHIM Baroda Pay (only Android) @BARODAMPAY BHIM Oriental Pay (Only Android) @obc BHIM RBL Pay (Android & iOS) @rbl BHIM (android & iOS) @upi BHIM ALLBANK UPI (only Android) @allbank BHIM Axis Pay (only android) @axisbank BHIM IndusPay (only Android) @indus BHIM Lotza UPI (only Android) @federal BHIM SBIPay (only android) @sbi Citi Mobile (android & iOS) @citi & @citigold Google Pay (android & iOS) @okhdfcbank | @okaxis | @oksbi | @okicici HSBC Simply Pay (android & iOS) @hsbc iMobile by ICICI Bank (android users) @icici Kotak Mobile Banking App (Android) @kotak Phone-Pe (android & iOS) @ybl SIB Mirror+ (only Android) @sib BHIM YES PAY (only Android) @yesbank DigiBank - DBS (Android & iOS @dbs Paytm (Andriod & iOS) @paytm BHIM AUPay (Android & iOS) @aubank Freecharge (Android & iOS) @freecharge BHIM BANDHAN UPI (Android & iOS) @bandhan BHIM KBL UPI (Android) @kbl Phone-Pe (Android & iOS) @ybl, @axl, @ibl - To avoid rejection, download the latest version of the app.
- Remember to select UPI as the payment option in the IPO application form by providing your UPI ID.
- As soon as you submit your application through the mobile app or website, you will receive an SMS from National Payments Corporation of India (NPCI) informing you that your UPI mandate has been generated.
- The app passcode and the UPI PIN can be different; remember to enter only the UPI PIN while authorising the UPI mandate. Note that you should not share your UPI PIN with anyone.
- If you forget the UPI PIN, simply reset it instead of entering a wrong one.
- If the transaction gets through, you will receive a “Transaction is successful” message on your mobile.
- There are two possible scenarios post-allotment: On full allotment, funds will be debited from your account. If there is no allotment of shares, the blocked funds will be released after the end date or expiry date of the UPI mandate.
| Published by Team Internal Communications |  |
| This newsletter is for internal circulation only. It may not be published, reproduced or quoted in part or in whole, nor may it be published on social media without prior consent. The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without written permission from the Internal Communications department of Sharekhan. | |
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