IPO Details

Bidding Dates

10 Jun '24 - 12 Jun '24

Minimum Investment

₹14,973 / 1 Lot ( 161 Shares )

Price Range

₹88 - ₹93

Maximum Investment

₹194,649 / 13 Lot ( 2093 Shares )

Retail Discount

To be announced

Issue Size

₹740.10 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Retail Individual Investors  |   Non-institutional Investor  |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Jun 10, 2024

Closing Date

Jun 12, 2024

Allotment Date

Jun 13, 2024

Initiation of Refunds

Jun 14, 2024

Credit of Shares to Demat

Jun 14, 2024

Listing Date

Jun 18, 2024

Cut-off time for UPI mandate confirmation

Jun 7, 2024

Ixigo IPO Subscription Details


Day 1Jun 10, 2024

0.11x 2.78x 6.17x 1.95x

Day 2Jun 11, 2024

0.79x 20.14x 18.71x 9.33x

Ixigo IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutional Buyers 0.79
Non-Institutional Buyers 20.14
Retail Investors 18.71
Total 9.33

About Le Travenues Technology (Ixigo)

Le Travenues Technology Limited, trading as Ixigo, is a pioneering technology firm based in India, dedicated to enhancing the travel planning and booking experience for its users. 

Established to cater predominantly to rail, air, bus, and hotel bookings, Ixigo leverages advanced technologies such as artificial intelligence, machine learning, and data science. These innovations are embedded within their Online Travel Agency (OTA) platforms, which include both websites and mobile applications.

Ixigo's mission is to be the most customer-centric travel company, aiming to provide the ultimate experience for its users through its focus on travel utility and seamless customer service. The company's target demographic includes travellers from Tier II and Tier III cities, whom they reach with localised content and app features designed to address specific travel challenges faced by these populations.

Ixigo was recognised as the leading OTA for the 'next billion users', a testament to its expansive reach and tailored services. In Fiscal 2023, the company was ranked as the second-largest OTA in India based on consolidated revenue from operations. 

Ixigo's suite of apps, which includes ixigo flights, ixigo trains, ConfirmTkt, and AbhiBus, has demonstrated significant user engagement, becoming the preferred choice for train bookings with a market share of about 51% in the OTA rail segment as of March 31, 2023. AbhiBus also stands out as the second largest bus-ticketing OTA in India.

The company has seen robust growth in its operations, with revenues expanding at a compound annual growth rate (CAGR) of 92.29% between Fiscal 2021 and Fiscal 2023. The number of transactions through Ixigo's platforms and the app download rates also reflect its rapid growth, underlining its popularity among travellers.

As of the end of 2023, Ixigo has over 213 million registered users and continues to lead with the highest app engagement among OTAs, with monthly active users peaking at 83 million in September 2023. The firm's innovative approach and commitment to solving travel-related challenges have positioned it as a front-runner in India's travel sector.

Industry Outlook:

  1. The Indian online travel market is growing rapidly, projected to increase from ₹2,079 billion in FY 2023 to ₹3,895 billion in FY 2028, at a CAGR of 13%.
  1. Rail and air travel have the highest online booking penetration compared to buses and hospitality, reflecting a broader shift towards digital travel services.
  1. The Indian Online Travel Agency (OTA) market recovered strongly post-COVID, with revenue rising from ₹749 billion in FY 2020 to ₹1,239 billion in FY 2023, expected to reach ₹2,802 billion by FY 2028.

Ixigo (Le Travenues Technology Limited) IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Part of the funds will cover the company's working capital needs. 
  2. Investments will be made in cloud infrastructure and technology enhancements. 
  3. The company will also use funds for pursuing acquisitions and other strategic initiatives, and
  4. General corporate purposes

Peer Details

The companies considered by Ixigo (Le Travenues Technology Limited) as its peers include:

  1. Easy Trip Planners Limited
  2. Yatra Online Limited

How to Check the Allotment Status of the Ixigo (Le Travenues Technology Limited) IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for. 
  • Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

Contact Details of Ixigo 

Registered office: Second Floor, Veritas Building, Sector - 53, Golf Course Road, Gurugram 122 002, Haryana, India

Phone: (+91 124) 668 2111

E-mail: investors@ixigo.com

Financial Performance

Particulars Nine months ended December 31, 2023 Year ending on March 31, 2023 Year ending on March 31, 2022 Year ending on March 31, 2021
Total Revenue (in ₹ million) 4,970.97 3,737.64 3,426.86 299.38
Monthly Active Users (Numbers in Million) 77.04 62.83 44.20 21.59
Gross Transaction Value (in ₹ million) 75,929.25 74,524.30 56,152.49 21,532.97
Profit After Tax (PAT) (in ₹ million) 657.12 233.96 210.94 75.33
Cash & Cash Equivalents (in ₹ million) 86.57 725.90 220.02 201.05
Net Worth (in ₹ million) 4,371.27 3,737.64 3,426.86 299.38
Debt to Equity Ratio(%) 10.20% 7.81% 12.53% 78.86%
Return on Net Worth (RoNW) (%) 15.26% 5.74% 7.15% 24.13%
Earning Per Share (EPS)-in absolute ₹ 1.75 0.57 (0.66) 0.25

Know before investing


  1. Ixigo leads in active mobile users among OTA competitors.

  2. Second largest OTA in India by revenue in 2023.

  3. Ixigo, ConfirmTkt dominate with 51% rail booking market share.

  4. Ixigo apps downloaded 539.39M times, 213.21M registered users.


  1. Limited OTA experience may hinder Ixigo's growth and stability.

  2. Travel industry downturns could drastically affect Ixigo's revenues.

  3. Dependency on IRCTC risks Ixigo's market share and operations.

  4. Tech vulnerabilities could damage Ixigo’s reputation and profitability.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

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Le Travenues Technology (Ixigo) IPO FAQs

What is Ixigo's IPO?

Ixigo’s IPO is a book-built IPO. The IPO will be open from June 10, 2024, to June 12, 2024.

When will Ixigo's IPO be allotted?

The Basis of Allotment will happen on Thursday, June 13, 2024.

When will Ixigo's IPO open for subscription?

The IPO subscription window will open on June 10, 2024.

What minimum lot size can retail investors subscribe to?

The lot size for Ixigo’s IPO is 161 shares with a minimum investment of ₹14,973.

When will Ixigo list on exchanges?

The listing date for the Ixigo IPO  is Tuesday, June 18, 2024.

How do I check the allotment status of the Ixigo (Le Travenues Technology Limited) IPO?

 Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for. 
  • Check the IPO allotment status as such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

What would be the listing gains on the Ixigo (Le Travenues Technology Limited) IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The exact date is not announced yet.

I have finished the application process for the Ixigo (Le Travenues Technology Limited) IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Ixigo's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Ixigo using one PAN?

You can submit only one application using your PAN card.