Shares of Le Travenues Technology Ltd, which operates the travel booking platform ixigo, were listed on Tuesday at a premium of over 48 per cent against the issue price of Rs 93. The stock began trading at Rs 135 on the BSE, reflecting a 45.16 per cent increase from the issue price. It later rose to Rs 147.76, marking a 58.88 per cent increase. On the NSE, it opened at Rs 138.10, up by 48.49 per cent. The company’s market valuation is now at Rs 5,581.22 crore.
The IPO of Le Travenues Technology was subscribed 98.10 times on the closing day of the subscription last week. The Rs 740 crore initial share sale included a fresh issue of up to Rs 120 crore and an Offer For Sale (OFS) of up to 6,66,77,674 equity shares. The offer price range was set at Rs 88-93 per share.
Launched in 2007 by Aloke Bajpai and Rajnish Kumar, Le Travenues Technology is the country’s leading online travel aggregator, helping travelers plan, book, and manage their trips across rail, air, buses, and hotels.
