Le Travenues Technology Limited (ixigo) IPO to Open on June 10, 2024

 

Mumbai: "Le Travenues Technology Limited", popularly known as "ixigo", is set to launch its Initial Public Offering (IPO) on Monday, June 10, 2024. The IPO, offering Equity Shares at a price band of ₹88 to ₹93 per share, will remain open for subscription until Wednesday, June 12, 2024.

The total offer size includes a fresh issue of Equity Shares valued at ₹1,200.00 million ("Fresh Issue"), along with an offer for sale aggregating up to 66,677,674 Equity Shares of face value ₹1 each by the Selling Shareholders.

Bids for the IPO can be made for a minimum of 161 Equity Shares and in multiples of 161 Equity Shares thereafter. The Offer for Sale comprises shares from various Selling Shareholders, including Saif Partners India Limited, Peak XV Partners Investments V, Aloke Bajpai, Rajnish Kumar, Micromax Informatics Limited, Placid Holdings, Catalyst Trusteeship Limited, and Madison India Capital HC.

The IPO offering is detailed in the red herring prospectus filed with the Registrar of Companies, Delhi and Haryana at New Delhi, dated June 4, 2024. The Equity Shares are proposed to be listed on the BSE Limited and the National Stock Exchange of India Limited.