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ixigo IPO
Price Band
₹88.0–93.0
Issue Size
₹740.1 Cr
Lot Size
161 shares
Min Investment
₹14,973
GMP
+₹30.5 (32.8%)
Issue Price
₹93.0
Subject to Sauda
₹3700
Paid only if allotted
ixigo IPO AI Summary
- ixigo IPO is listed on BSE, NSE in the Tour, Travel Related Services sector.
- Price band: ₹88.0–₹93.0 per share, lot size 161 shares (min. investment ₹14,973).
- Subscription window: 10 Jun–12 Jun 2024, listing on 18 Jun 2024.
- Current GMP is +₹30.5 (32.8%), an estimated listing price of ₹124 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
ixigo IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 12 Jun 2024 — not a current signal.
8 of 10 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
ixigo IPO Grey Market Premium (GMP) Today
GMP
+₹30.5
GMP %
+32.8%
Est. Listing
₹123.5
Updated: 25 Jul 2026 14:05
About the Company
Le Travenues Technology Limited was founded in 2006 and is an online travel agency (OTA) that enables travelers to book train, flight, and bus tickets as well as hotels via its OTA platforms under the brand name "ixigo". The company's list of services includes PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, alternative route or transportation planning, flight status updates, automated web check-in, bus running status, price and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts for flights, AI-based travel planning service and automated customer support. The various OTA platforms offered by ixigo include: The ixigo trains and Confirmtkt app: They facilitate the travel planning and booking process by enabling users to search for available train tickets for travel across India, book and pay for the selected tickets, receive tickets through various fulfillment methods such as e-mail, SMS, and Whatsapp, access real-time information on train arrivals and departures and avail the required post-sales support. ixigo-flights mobile app: It allows users to search and book all our travel products and services, including air tickets, train tickets, buses and hotels. Users can access all past and future bookings, check and amend booking details, and request e-tickets and details via messaging platforms. The app is available for both Android and iOS operating systems. Abhibus app: It allows users to check the amenities offered, compare booking prices, check bus schedules on the desired route and use other facilities. It is available through both the website and the mobile app. The company has the highest app usage among OTAs with a cumulative 83 million monthly active users across its apps, according to data.ai in September 2023. The company recently launched ixigo PLAN, an intelligent, AI-based travel planner that helps travelers plan their trips with detailed itineraries and real-time destination information. It has also launched a generative AI plugin that enables conversational interactions with ixigo PLAN. The company has also launched a value-added service, ixigo Assured Flex, which enables the purchase of a fully flexible air or rail ticket with no additional payment for cancelation or rebooking, apart from the price difference, for all domestic flights and rail bookings at a low cost. As of December 31, 2023, the company had 486 full-time employees, and 4 consultants working under consultancy agreements.
Company Financials (₹ Cr)
As of 2023-12-31
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 678.71 | 585.93 | 538.47 | 185.07 |
| Total Income | 497.10 | 517.57 | 384.94 | 138.41 |
| Profit After Tax | 65.71 | 23.40 | -21.09 | 7.53 |
| NET Worth | 437.13 | 373.76 | 342.69 | 29.94 |
| Reserves and Surplus | 399.83 | 334.17 | 303.22 | -212.60 |
| Total Borrowing | 43.36 | 0.54 | 2.73 | 14.94 |
Key Ratios
EPS
₹0.62
NAV
₹11.43
RoNW
15.26%
P/B Value
8.14
P/E Ratio
148.87
Market Cap
₹3603.04 Cr
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Yatra Online Limited | 14.8 | 4.5% | 187.83 | 0.69 | 0.69 |
| Easy Trip Planners Limited | 2.13 | 36.21% | 54.96 | 0.77 | 0.77 |
| Le Travenues Technology Limited This IPO | 9.79 | 5.74% | — | 0.58 | 0.57 |
Promoters
No Identifiable Promoter
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Part-funding working capital requirements of our Company 45.00 2 Investments in cloud infrastructure and technology 25.80 3 Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes 40.31
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹384.94 Cr in the year ending 31 Mar 2022, rising to ₹517.57 Cr by 31 Mar 2023, though this is a 9-month figure, not a full year, so isn't directly comparable. By the latest period ending 31 Dec 2023, total income decreased to ₹497.10 Cr.
Profit Trend
Profit after tax was a loss of ₹21.09 Cr for the year ending 31 Mar 2022, which improved to a profit of ₹7.53 Cr by 31 Mar 2021. The profit further increased to ₹23.40 Cr in the year ending 31 Mar 2023, and rose significantly to ₹65.71 Cr by 31 Dec 2023.
Valuation
At the issue price of ₹93.0, Le Travenues Technology Limited has an implied P/E ratio of 148.87, compared to peers trading at P/E ratios of 54.96 to 187.83.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand and supply dynamics in the grey market, which operates outside the formal exchange. A positive GMP suggests that the IPO may list at a higher price than the issue price, while a negative GMP indicates the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential and market conditions. It is essential to consider the company's financial health and the overall economic environment before making an investment decision.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may consider avoiding IPOs like this, especially if they are concerned about market volatility and the uncertainties associated with new listings.
Listing Gains — The Risk
Investing in an IPO carries the risk of listing-day gains, which can be unpredictable. While some IPOs may see a surge in price on their first day of trading, others may not perform as expected. Factors such as market sentiment, demand for the stock, and overall economic conditions can influence the listing price.
This evaluation is generated from ixigo's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is ixigo IPO GMP today?
ixigo IPO GMP today is +₹30.5 (32.8%), indicating an estimated listing price of ₹124. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of ixigo IPO?
The price band of ixigo IPO is ₹88.0–₹93.0 per share.
When does ixigo IPO open and close?
ixigo IPO opens on 10 June 2024 and closes on 12 June 2024.
When does ixigo IPO list on the stock exchange?
ixigo IPO listed on 18 June 2024 at ₹123.5.
What is the lot size for ixigo IPO?
The lot size for ixigo IPO is 161 shares, requiring a minimum investment of ₹14,973.
What is the price band for the ixigo IPO?
The price band for the ixigo IPO is ₹88.0 to ₹93.0.
What is the minimum investment required for the ixigo IPO?
The minimum investment required is ₹14,973.0.
What is the lot size for the ixigo IPO?
The lot size for the ixigo IPO is 161 shares.
When is the listing date for the ixigo IPO?
The listing date for the ixigo IPO is June 18, 2024.
What does GMP mean in the context of an IPO?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on demand and supply in the unofficial market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
10 Jun 2024
Close
12 Jun 2024
Allotment
13 Jun 2024
Listing
18 Jun 2024
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