Ixigo's Parent Le Travenues Skyrockets on NSE Debut, Surges 48%!Ixigo's Parent Le Travenues Skyrockets on NSE Debut, Surges 48%!

Le Travenues Technology, ixigo’s parent company, made an impressive stock market debut, listing at Rs 138.10 on the NSE. This is a 48% premium over the issue price of Rs 93, significantly outperforming. At 10:12 AM, shares traded at Rs 143.74.

Le Travenues Technology IPO  (Ixigo) experienced robust demand on Day 3, with subscription rates reaching 106.73 for QIBs, 110.53 for Non-Institutional Investors, and 54.85 for Retail Individual Investors, culminating in a total subscription of 98.34 times.

Le Travenues Technology Limited is dedicated to revolutionising travel for Indian consumers with its AI and ML-driven OTA platforms, facilitating rail, air, bus, and hotel bookings. They focus on the next billion users, leveraging proprietary algorithms and crowd-sourced data to enhance travel experiences. Originally a travel metasearch engine, they now draw significant organic traffic and first-time bookings.

Le Travenues Technology Limited’s IPO aims to fund working capital, enhance cloud tech, and pursue growth via acquisitions and strategic initiatives, expanding services in the travel sector.