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Business News/ Markets / Ipo/  ixigo IPO listing updates: ixigo share price ends debut day with 20% premium at 165.72 apiece on NSE
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ixigo IPO listing updates: ixigo share price ends debut day with 20% premium at ₹165.72 apiece on NSE

ixigo IPO listing updates: ixigo share price made an impressive debut on the NSE today (June 18), opening at 138.10, a 48.5% premium to the issue price of 93. The stock ended its listing day with a premium of 20% on the bourses. 

ixigo IPO listing LIVE updates: ixigo share price to be listed on the bourses today. Aloke Bajpai and Rajnish ; ixigo.com //photo by priyanka parashar on 19 Oct 2015.Premium
ixigo IPO listing LIVE updates: ixigo share price to be listed on the bourses today. Aloke Bajpai and Rajnish ; ixigo.com //photo by priyanka parashar on 19 Oct 2015.

ixigo IPO listing updates: Le Travenues Technology, the parent company of travel aggregator Ixigo, made an impressive debut on the NSE today (June 18), opening at 138.10, a 48.5% premium to the issue price of 93. The stock ended its listing day with a premium of 20% on the bourses. On NSE, the stock closed at 165.72, and on BSE, it ended at 161.99 apiece.

During the three-day subscription period, investors responded enthusiastically to ixigo IPO, which opened on Monday, June 10, and ended on Wednesday, June 12. ixigo IPO subscription status is 98.34 times, on the last day of bidding today.

The offer price was fixed in the range of 88 and 93 per share. Le Travenues Technology raised 333 crore from anchor investors. Book Running Lead Manager (BRLM)for the offer include Axis Capital, DAM Capital Advisors, and JM Financial.

Stay tuned to our ixigo IPO live blog for all the latest updates on ixigo share price today.

18 Jun 2024, 03:11:02 PM IST

ixigo IPO listing LIVE updates: ixigo shares locked at 20% upper circuit. Should you make fresh bets?

“ixigo had given a bumper gains for the investors. At the current levels it is now a bit overvalued so one must avoid making fresh bets and for existing positions one can book profits at the current levels," said Dr. Ravi Singh,  SVP - Retail Research,  Religare Broking Ltd. 

18 Jun 2024, 02:44:23 PM IST

ixigo IPO listing LIVE updates: Here's all you need to know about Le Travenues Technology's market demand

The company has a large presence in the 'next billion user' market. According to the F&S Report, the term 'next billion users' refers to an existing and anticipated market of "new to Internet" users that includes all non-tier I market demand, i.e., all travel demand originating from and/or concluding in tier II, III, and rural areas in India, as well as "new to Internet" users emerging from middle and lower income groups of tier 1 cities. Over the next five years, it is projected that 20% of the 'next billion users' would come from tier I cities, 50% from Tier II and tier III cities, and the remaining 30% from rural India.

18 Jun 2024, 02:23:19 PM IST

ixigo IPO listing LIVE updates: Stock Check 

Within roughly two hours of debuting, ixigo shares were locked in a 20% upper circuit. VLA Ambala, SEBI Registered Research Analyst and Co-Founder of Stock Market Today, stated that investors with a lower risk appetite may consider holding this stock. They may withdraw the investment and keep their profits invested.

18 Jun 2024, 02:00:29 PM IST

ixigo IPO listing LIVE updates: Here's all you need to know about Le Travenues Technology's peers

The company's listed peers are Easy Trip Planners Ltd (with a P/E of 54.96), and Yatra Online Ltd (with a P/E of 187.83).

18 Jun 2024, 01:35:59 PM IST

ixigo IPO listing LIVE updates: Let's take a look at Le Travenues Technology's business 

The firm is a digital startup that enables Indian travelers to plan, book, and manage their journeys via train, air, bus, and hotel. Our mission is to become the most customer-centric travel company by providing the finest possible customer experience to its users. The company's focus on travel utility and customer experience for travellers in the 'next billion user' market segment is driven by technology, cost-effectiveness, and an innovative culture. Their OTA platforms enable travellers to purchase train, flight, bus, and hotel tickets, as well as travel utility tools and services built using in-house proprietary algorithms and crowd-sourced data.

18 Jun 2024, 01:16:40 PM IST

ixigo IPO listing LIVE updates: Take a look at ixigo IPO's selling shareholders

SAIF Partners India IV Ltd (up to 19,437,465 equity shares), Peak XV Partners Investments V (previously known as SCI Investments V) (up to 13,024,000 equity shares), Micromax Informatics Ltd (up to 5,486,893 equity shares), Placid Holdings (up to 3,048,375 equity shares), Catalyst Trusteeship Ltd (up to 1,333,513 equity shares), Madison India Capital HC (up to 447,428 equity shares), Aloke Bajpai (up to 11,950,000 equity shares), and Rajnish Kumar (up to 11,950,000 equity shares) would all sell shares through the OFS.

18 Jun 2024, 12:58:11 PM IST

ixigo IPO listing LIVE updates: Here's all you need to know about ixigo IPO anchor investors 

ixigo IPO raised 333 crore from anchor investors on June 10. Major investors that have subscribed to ixigo IPO's anchor book include Nomura, Morgan Stanley, 3P India Equity Fund, HDFC MF, Motilal Oswal MF, the Government of Singapore, and Tata Investment Corporation.

Out of the total allocation of 35,811,405 equity shares to anchor investors, 12,087,583 equity shares (33.75% of the total allocation to anchor investors) were allocated to four domestic mutual funds that applied through a total of seven schemes (SBI Magnum Children's Benefit Fund, HDFC Mutual Fund, Whiteoak Capital Flexi Cap Fund, Motilal Oswal Large Cap Fund).

18 Jun 2024, 12:35:59 PM IST

ixigo IPO listing LIVE updates: Stock Check

ixigo share price has been locked in the 20% upper circuit at 161.99 apiece on the BSE  and at 165.72 per share on the NSE. Mahesh M. Ojha, Hensex Securities Pvt. Ltd.'s AVP of Research and Business Development, recommends holding the stock from a long-term perspective. 

18 Jun 2024, 11:46:47 AM IST

ixigo IPO listing LIVE updates:  Here's what Arun Kejriwal of Kejriwal Research says on ixigo shares debut 

“ixigo share price has done far better than what was expected and even better than what the grey market suggested. I am not sure whether it is speculative or if there has been some buying today on the listing. It's a little difficult to gauge at this time. Probably around 14:00 IST, it will make better sense. If it's speculative, there will be some selling; if there's buying, then it will continue to hold," said Arun Kejriwal, Founder at Kejriwal Research and Investment Services. 

18 Jun 2024, 11:29:23 AM IST

ixigo IPO listing LIVE updates: About the IPO 

The Gurugram-based ixigo IPO is a combination of a new issue of equity shares worth 120 crore and an Offer For Sale (OFS) of 6.66 crore equity shares worth 620 crore by existing shareholders at the top end of the price band. This equates to a public offering of 740 crore.

The fresh issue's proceeds of 45 crore will be used to fund the company's working capital requirements, while 26 crore will be used for investments in technology and data science, such as cloud and server hosting, artificial intelligence and customer engagement. In addition, funds will be utilised to support inorganic expansion through acquisitions as well as general business objectives.

18 Jun 2024, 11:12:41 AM IST

ixigo IPO listing LIVE updates: A snapshot of three-day subscription numbers 

ixigo IPO subscription status was 98.34 times, on the last day of bidding, on Wednesday, June 12.  Non-institutional investors has been subscribed 110.53 times, retail investors has been booked 54.85 times, and Qualified Institutional Buyers (QIBs) 106.73 times.

The issue that opened on Monday, June 10 was booked 1.95 times on the first day of subscription, and was subscribed 9.33 times on the second day of bidding.

18 Jun 2024, 10:49:39 AM IST

ixigo IPO listing LIVE updates: Analysts on bumper listing

According to Shivani Nyati, Head of Wealth at Swastika Investmart Ltd, this stellar performance and aligns with the enormous investor reaction during the IPO, which had a subscription rate of 98 times. Le Travenues' robust listing is a good indication, indicating that investors are confident in the company's long-term development potential in the online travel business. Investors are recommended to hold their positions with a stop loss of 111.

18 Jun 2024, 10:42:11 AM IST

ixigo IPO listing LIVE updates: ixigo share price extends gain after a bumper debut 

ixigo share price extended gains after making its stock market debut on Tuesday. At 10:37 IST on the NSE, the ixigo share price was trading at 147.14 apiece, up nearly 7%. The stock touched an intraday high of 149.19 per share on the NSE. 

The stock climbed by 10% on the BSE following its listing in an upbeat market. The stock touched an intraday high of 149.17 per share on the BSE.

18 Jun 2024, 10:08:46 AM IST

 ixigo IPO listing LIVE updates: ixigo share price opens with a premium of 48.5% at ₹138.10 apiece versus issue price of ₹93 apiece on NSE

Today, the ixigo share price debuted positively on the stock exchanges. It outperformed market analysts' expectations by listing more than 10% higher than their projections. Market experts anticipated ixigo share price to open in the range of 120 to 125 per share. On BSE, ixigo share price today opened at 135 apiece, up 45.16% than the issue price.

18 Jun 2024, 09:35:33 AM IST

ixigo IPO listing LIVE updates: Here's all you need to know about Le Travenues Technology

Le Travenues Technology, founded in 2007 by Aloke Bajpai and Rajnish Kumar, is one ofcountry's top online travel aggregator, assisting passengers in planning, booking, and managing their travels by train, air, bus, and hotel.

According to market analysts, the IPO of Le Travenues ltd (ixigo) provides investors with a one-of-a-kind chance to participate in a major participant in India's online travel agency (OTA) sector, with a focus on the “next billion users."

18 Jun 2024, 09:34:35 AM IST

ixigo IPO listing LIVE updates: Here's what GMP hints ahead of listing

ixigo IPO GMP today or grey market premium is +30.50. This indicates ixigo share price were trading at a premium of 30.50 in the grey market, according to investorgain.com.

Given the top end of the IPO price band and the existing grey market premium, the predicted listing price for the ixigo IPO was 123.5 per share, which is 32.8% more than the IPO price of 93.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.

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