Le Travenues Technology Limited (IXIGO) Announces IPO Details

Published On: 09/06/20241.7 min read

Le Travenues Technology Limited, known for its travel and booking services under the brand ixigo, is launching its Initial Public Offering (IPO) from June 10, 2024, to June 12, 2024. This IPO includes a fresh issue amounting to Rs. 1200 million and an offer for sale of up to 66,677,674 equity shares, including the anchor investor portion of 35,811,405 equity shares​ (NSE India)​​ (NSE India)​.

Key Details of the IPO:

  • Issue Type: 100% Book Building
  • Price Range: Rs. 88 to Rs. 93 per equity share
  • Face Value: Re. 1 per equity share
  • Bid Lot: 161 equity shares and multiples thereof
  • IPO Market Timings: 10.00 AM to 5.00 PM
  • Lead Managers: Axis Capital Limited, DAM Capital Advisors Limited, and JM Financial Limited
  • Sponsor Banks: HDFC Bank Limited and ICICI Bank Limited
  • Registrar: Link Intime India Private Limited

Investor Categories and Limits:

  • QIB Investors: Maximum bid quantity is 4,37,69,460 equity shares in multiples of 161 shares.
  • NIB Investors: Maximum bid quantity is 1,98,95,092 equity shares in multiples of 161 shares.
  • Retail Investors: Maximum subscription amount is Rs. 2,00,000.

UPI Mandate and Application Process:

Retail investors utilizing UPI as a payment mechanism should note that physical application forms must be retained for six months and then forwarded to the issuer/registrar. However, printouts of electronic forms are not required. Electronic records related to such forms should be maintained for a minimum of three years. Investors must confirm their UPI mandate by 5:00 PM on June 12, 2024, to ensure their bids are valid​ (NSE India)​​ (NSE India)​.

Important Considerations:

  • Cut-off Time: Investors are advised to submit their UPI applications well in advance to avoid last-minute technical issues.
  • Bid Modification: The dedicated window for bid modifications on the day after the bidding period (T+1) will no longer be available. Modifications must be made during the IPO bidding period only.

For more detailed information, including the Red Herring Prospectus, bidding centers, sample application forms, and security parameters, visit the NSE IPO section​ (NSE India)​.

By adhering to these guidelines and understanding the specifics of the IXIGO IPO, investors can make informed decisions and participate effectively in this forthcoming public issue.

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