The ongoing initial public offering (IPO) of Gurugram-based Le Travenues Technology Ltd, which operates the travel booking platform ixigo, has attracted a strong response from investors on the second day of bidding. With a price band of Rs 88 to Rs 93 per share, the IPO has received bids for 8.87 times the shares on offer, with shares reserved for non-institutional investors being subscribed 18.87 times and the retail investors’ quota being subscribed 18.14 times. Prior to the IPO, ixigo has already mobilized Rs 333 crore from anchor investors.
Ixigo IPO: Strong Investor Response on Second Day of Bidding
Background
Le Travenues Technology Ltd., the parent company of travel booking platform Ixigo, launched its initial public offering (IPO) on October 18, 2022. The IPO comprises an offer for sale (OFS) of 10,693,928 equity shares by several existing shareholders.
Second Day Bidding Performance
On the second day of bidding, the IPO received bids for 8.87 times the shares on offer. Retail investors' quota was subscribed 18.14 times, while non-institutional investors subscribed 18.87 times.
Anchor Investor Investment
Prior to the IPO, Ixigo raised Rs 333 crore from anchor investors, including Nomura, Morgan Stanley, and Kuber India Fund.
Key Information
Top 5 FAQs and Answers
1. What is ixigo?
A: Ixigo is a travel booking platform that offers a range of services, including flights, trains, buses, hotels, and holiday packages.
2. Why is ixigo going public?
A: Ixigo seeks to raise funds for various purposes, including expanding its train and bus ticketing business, investing in technology, and reducing debt.
3. What is the expected price of ixigo shares?
A: The price band is set at Rs 88 to Rs 93 per share, and the final price will be determined based on bids received during the IPO.
4. How can I apply for ixigo IPO?
A: You can apply for the IPO through your trading account with a broker. You will need to provide your PAN number, bank account details, and other necessary information.
5. Is ixigo IPO a good investment?
A: The decision of whether or not to invest in Ixigo IPO should be made based on your individual financial situation and risk tolerance. Consider factors such as the company's financial performance, market conditions, and your investment goals.
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