Le Travenues Technology, the parent company of travel platform Ixigo, made an impressive entry on the stock exchanges on Tuesday. The stock opened at a 45.16% premium on the BSE, priced at ₹135 per share compared to its issue price of ₹93. On the NSE, it started trading at ₹138.1 per share, reflecting a 48.5% premium.
The company’s IPO was well-received, with a total subscription of 98.3 times. Retail investors subscribed 54.69 times, while the non-institutional category saw a subscription rate of 110.5 times. Qualified institutional buyers (QIBs) booked their allocation 106.73 times.
Le Travenues is thriving in India’s growing online travel market. Known for its brands Ixigo and AbhiBus, the company uses AI-powered operations and a diversified business model to fuel its growth. It has shown strong recovery after the pandemic, achieving impressive gains in revenue and profit.
