Le Travenues Technology/ ixigo IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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Post Listing Review: The scrip is listed at Rs.138.10, premium of 48.49% over the issue price of Rs.93. This listing has been marginally above the expectations of the grey market players.

Want to Check Le Travenues Technology IPO Allotment Status?
1) Click Registrar Website
2) Click on “Company Selection” and choose “Ixigo” from the dropdown menu.
3) Then you can enter your PAN, application number, or Demat.
4) Click Submit to retrieve the Ixigo IPO allotment status

Le Travenues Technology IPO Guidance: Apply or avoid?
Le Travenues Technology is a technology company focused on empowering Indian travelers to plan, book and manage their trips across rail, air, buses and hotels. It assists travelers in making smarter travel decisions by leveraging artificial intelligence, machine learning and data science led innovations on its OTA platforms, comprising its websites and mobile applications. Its websites and app have been very user friendly and takes care of minute requirements of the travellers.
Le Travenues Technology is the largest Indian OTA in the online train bookings segment and its train-centric mobile applications, ixigo trains and ConfirmTkt, were collectively the leading B2C distribution platforms for IRCTC with 51% market share.
It has deep penetration in the ‘next billion user’ market, which comprises users predominantly from Tier-II and Tier-III cities and rural India and it is expected that 20% of ‘next billion users’ will come from Tier I cities.So the business has been very strong, growing and has huge potential in the coming decade.
Size: The size of the IPO is very small. Only Rs. 111 crore shares are available for HNIs and Rs. 74 crore shares are for NIIs. So huge oversubscription is possible.
Financials and Guidance: The company showed turnaround trend during 2022-23 with EPS of 53 paisa and during9 months of 2023-24, it has EPS of Rs. 1.74. Let’s hope such turnaround results are not IPO purposes, and the company maintains such profitability even during 2024-25. Two other online travel company shares ( Ease My Trip and Yatra online) lack investor fancy. and yet expect this scrip to perform better and recommend it for subscription. Apply for listing gains as well as for long term investment.

Le Travenues Technology Last Gmp #
Premium: Rs 30 
Retail Application Rs.
Rs. 2 Lac Application Rs. NIL
Rs. 10 L application Rs. NIL
Subject to 2 Lac application Rs. 3700
Subject to 10 Lac application Rs 51800

Le Travenues Technology IPO Subscription status
Review: RII flow unimpressive on Day3. 
On 12 June 2024 5.00 (Day 3) (Closed)
QIB:            106.73 T
NII(10L+):  117.40 T
NII (<10L)    95.95 T
NII (Total)  110.25 T
RII:               53.95 T
Total:           98.10 T
Applications: 2655149 (53.72X)
Amount wise Subscription: Rs. 40099.48 Crore

Le Travenues Technology Company Details
Le Travenues Technology is a technology company focused on empowering Indian travelers to plan, book and manage their trips across rail, air, buses and hotels. It assists travelers in making smarter travel decisions by leveraging artificial intelligence, machine learning and data science led innovations on its OTA platforms, comprising its websites and mobile applications.
Its OTA platforms allow travelers to book train tickets, flight tickets, bus tickets, hotels and cabs, while providing travel utility tools and services developed using in-house proprietary algorithms and crowd-sourced information, including train PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, flight status updates, bus running status, pricing and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts for flights and automated customer support services.
Le Travenues Technology is the largest Indian OTA in the online train bookings segment and its train-centric mobile applications, ixigo trains and ConfirmTkt, were collectively the leading B2C distribution platforms for IRCTC with 42% market share, in terms of rail bookings among the OTAs and B2C distributors of IRCTC in Fiscal 2021.

Its bus-focused app, AbhiBus, was the second largest bus-ticketing OTA in India, with a 10% market share in online bus ticket bookings, in Fiscal 2021. It is also the third largest flight OTA in India with a market share of 12% in online air bookings in Fiscal 2021 . It was the second largest OTA in India in terms of total GTV in Fiscal 2021 .
On a combined (proforma) basis in Fiscal 2021 its combined GTV was Rs 26,94.60 Cr. Its revenue from operations have grown at a CAGR of 83.26% between Fiscal 2019 and Fiscal 2021 and were Rs 40.37 Cr, Rs 111.59 Cr and Rs 135.57 Cr in Fiscals 2019, 2020 and 2021, respectively.

Le Travenues Technology has the highest app usage among OTAs with 3.748 Cr users, based on MAUs in March 2021. It was also the fastest growing OTA in terms of app downloads, with 37.5 lac monthly app downloads in March 2021, which was more monthly downloads than all other OTAs combined in that month . In the first quarter of Fiscal 2021, its ixigo trains mobile app was the 10th most downloaded travel and navigation app globally .

It has deep penetration in the ‘next billion user’ market, which comprises users predominantly from Tier-II and Tier-III cities and rural India and it is expected that 20% of ‘next billion users’ will come from Tier I cities.
For more information, click www.ixigo.com

The Promoters of Le Travenues Technology
The Company is a professionally managed company and doesnot have an identifiable promoter

Le Travenues Technology IPO Main Objects
The Offer comprises of the Fresh Issue and Offer for Sale.
The Company proposes to utilise the Net Proceeds towards funding of the organic and inorganic growth initiatives;

Le Travenues Technology IPO Details
IPO opens on 10 June 2024
IPO closes on 12 June 2024
Issue Type: Book Built Issue IPO
Issue : up to 79580900 Shares /Rs 740.10 Crore
* Fresh Issue of 12903226 Shares/ Rs.120 Crore
* Offer for Sale Up to 66677674 Shares/ Rs. 620.10 Cr

Face Value per share: Rs. 1

Le Travenues Technology IPO Price Band Per Equity Share: Rs. 88-93
Le Travenues Technology IPO Retail Lot Size: 161 Shares
Le Travenues Technology Listing will at BSE, NSE

Shares offered to
QIB (75%) 59685675 Shares = Rs 555 Crore
NII  (15%) 11937135 Shares = Rs 111Crore
RII  (10%)   7958090 Shares = Rs   74 Crore
Lot size: 161 Shares = 49429 Forms
Retail (min)     161 Shares/ Rs. 14973
Retail (Max)   2093 Shares/ Rs. 194649
S HNI (Min)   2254 Shares/ Rs.209622
S HNI (Max) 10626 Shares/ Rs. 988218
B HNI (Min) 10787 Shares/ Rs. 1003191

Le Travenues Technology IPO Tentative timetable
Allotment on 13 June 2024
Unblocking of ASBA 14 June 2024
Credit to Demat Accounts 14 June 2024
Listing on 18 June 2024

Le Travenues Technology IPO Financial & Analytical Ratios
EPS 2020-21 Rs 0.25
EPS 2120-22 Rs (-) 0.66
EPS 2022-23 Rs 0.53
EPS 2023-24 9M Rs 1.75
Book Value of the Share as on 31.3.2023 Rs 9.79
Book Value of the Share as on 31.12.2023 Rs 11.43

Ratio Analysis
Upper Price Band/last EPS: 175.47
Upper offer price/Book Value Ratio 9.59
Upper offer price/BV after IPO Ratio:

Le Travenues Technology IPO Peer Comparison:
Le Travenues         Income Rs. 517.57 PE 175.47
Easy Trip Planners Income Rs. 464.20 PE   54.96
Yatra Online          Income Rs  397.47 PE 187.83

Le Travenues Technology IPO Lead Managers 
ICICI Securities, Axis Capital, Kotak Mahindra Capital, Nomura Financial Advisory,
Registrar to Le Travenues Technology IPO
Link Intime India Pvt ltd.

Registered Office of Le Travenues Technology
Veritas Building, Sector 53, Golf Course Road, Gurugram 122 002, Haryana
Company Secretary & Compliance Officer: Suresh Kumar Bhutani

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