Mumbai:
Ixigo, a prominent player in ticket booking and travel services, has made a remarkable debut on the stock market today.
NSE Listing: Significant Premium and Gain
Ixigo’s shares debuted on the NSE at a notable premium of 48.5%, listing at Rs 138.10 per share.
This marks a substantial increase from its IPO issue price of Rs 93 per share.
BSE Listing: Strong Performance Continues
Simultaneously, on the BSE, Ixigo shares were listed at Rs 135 per share, showing a listing gain of 45.16%.
Details of Ixigo’s IPO
Ixigo’s initial public offering (IPO), worth Rs 740 crore, saw robust investor interest.
The IPO, which was open for subscription from June 10 to June 12, was oversubscribed by 98.34 times.
The offer price ranged between Rs 88 and Rs 93 per share,
through which Le Travenues Technologies raised Rs 333 crore from institutional investors.
About Le Travenues Technology
Ixigo operates under its parent company, Le Travenues Technology, a tech firm based in Gurugram.
Besides ixigo, Le Travenues Technology offers a range of online travel solutions, including train and flight ticket bookings, bus tickets, and hotel reservations.
Surpassing Expectations: Market Reception
The listing of Ixigo shares has surpassed market expectations. While experts anticipated a listing price between Rs 120
and Rs 125 per share, the actual listing price of Rs 138.10 on the NSE delivered substantial gains to investors, exceeding the grey market premium (GMP) of Rs 30 per share.
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