Bumper market debut: Ixigo shares debut at 49% premium to IPO price - Hindustan Times
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Bumper market debut: Ixigo shares debut at 49% premium to IPO price

Jun 18, 2024 10:26 AM IST

This was much better than grey market expectations which indicated a debut of almost 30 per cent.

Shares of Le Travenues Technology, parent company of travel aggregator Ixigo, made a bumper debut on the bourses today (June 18). The shares listed at 138.10 on the NSE- a premium of 48.5 per cent over the issue price of 93. This was much better than grey market expectations which indicated a debut of almost 30 per cent. 

Ixigo shares listed at <span class='webrupee'>₹</span>138.10 on the NSE- a premium of 48.5 per cent over the issue price of <span class='webrupee'>₹</span>93.
Ixigo shares listed at 138.10 on the NSE- a premium of 48.5 per cent over the issue price of 93.

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The 720 crore public offer received a great response from investors as it was subscribed 98.34 times with Non-Institutional Investors (NIIs) subscribing the portion set aside for them 110.5 times, Qualified Institutional Buyers (QIBs) bidding for the their allotted portion 106.7 times, retail investors subscribing 54.8 times. With this, Ixigo became the 10th most subscribed IPO of 2024.

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Through the IPO, the company will use net proceeds to fund its working capital needs, invest in cloud infrastructure and technology, finance potential acquisitions and other strategic initiatives as well as general corporate expenses.

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