The much-anticipated initial public offering (IPO) of Le Travenues Technology, the parent company of the renowned travel tech platform Ixigo, is scheduled to open for subscription on June 10, 2024, and close on June 12, 2024. With a book-built issue totaling Rs 740.10 crores, the IPO comprises a fresh issuance of 1.29 crore shares worth Rs 120.00 crores and an offer for sale of 6.67 crore shares amounting to Rs 620.10 crores. The company, which filed its draft red herring prospectus (DRHP) with SEBI in February and obtained approval in May, anticipates finalizing the IPO allotment on June 13, 2024, and listing on the BSE and NSE by June 18, 2024.
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- Issue Size: Rs 740.10 crores, comprising a fresh issuance of 1.29 crore shares and an offer for sale of 6.67 crore shares.
- Subscription Dates: June 10, 2024, to June 12, 2024.
- Allotment Date: Expected on June 13, 2024.
- Listing Date: Tentatively set for June 18, 2024.
- Lot Size: Minimum lot size of 161 shares.
- Price Band: Retail investors need to invest a minimum of Rs 14,973.
- Lead Managers: Axis Capital Limited, Dam Capital Advisors Ltd, and JM Financial Limited.
- Registrar: Link Intime India Private Ltd.
- About ixigo: Founded in 2006, ixigo operates as an online travel agency, facilitating bookings for trains, flights, buses, and hotels.
- Key Platforms: ixigo Trains, ixigo Flights Mobile App, and Abhibus App, catering to various travel needs and preferences.
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