Le Travenues Technology was incorporated on June 3, 2006. The company is a technology company focused on empowering Indian travellers to plan, book and manage their trips across rail, air, buses, and hotels.
| Bidding Dates |
|---|
| 10 Jun 2024 - 12 Jun 2024 |
| Subscription |
|---|
| 98.3x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,168 | 1 | 13 | 161 | 79.6 M | ₹88 - ₹93 | - | ₹7003.1 M - ₹7401.0 M | RHP DOC |
LE Travenues Tech IPO SUBSCRIPTION STATUS
12 Jun '24LE Travenues Tech IPO overall subscription rate was 98.3 times the total available shares
LE Travenues Tech IPO retail subscription rate was 54.69 times in the retail segment
LE Travenues Tech IPO non-institutional investor subscription rate was 110.5 times in the non-institutional investor category
LE Travenues Tech IPO Qualified Institutional Bidder subscription rate was 106.73 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
12 Jun 2024 (Day 3) | 54.69x | 110.5x | 106.73x |
11 Jun 2024 (Day 2) | 18.71x | 20.14x | 0.79x |
10 Jun 2024 (Day 1) | 6.21x | 2.78x | 0.12x |
LE Travenues Tech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY24 | 655.9 | 4,910.2 | 154.5 | 83.7 | 7.0% |
| 9MFY23 | 185.0 | 3,643.1 | 196.2 | 171.3 | 8.2% |
| FY23 | 231.9 | 5,012.5 | 307.0 | 253.5 | 9.0% |
| FY22 | -212.4 | 3,795.8 | -343.5 | -362.8 | -1.8% |
| FY21 | 75.8 | 1,355.7 | -151.8 | -152.1 | 4.5% |
LE Travenues Tech IPO SUBSCRIPTION STATUS DETAILS
LE Travenues Tech had 79.6 M shares on offer
LE Travenues Tech IPO offer price was in the range ₹88 - ₹93
LE Travenues Tech IPO minimum Investment was ₹14168
LE Travenues Tech IPO issue size was ₹ 7003.1 M - ₹ 7401.0 M
LE Travenues Tech had a minimum lot size of 161 Shares per application
LE Travenues Tech NUMBER OF SHARES ON OFFER
LE Travenues Tech IPO IMPORTANT DATES
| Issue Open Date | 10 Jun 2024 |
| Issue close Date | 12 Jun 2024 |
| Allotment Date | 13 Jun 2024 |
| Refund Date | 14 Jun 2024 |
| Demat Account Credit Date | 14 Jun 2024 |
| Listing Date | 18 Jun 2024 |
| Listing on Exchange(s) | NSE and BSE |
| LE Travenues Tech Allotment Status | Exchange |
LE Travenues Tech IPO subscription opened on 10 Jun 2024, and closed on 12 Jun 2024
IPO allotment for LE Travenues Tech was finalized on Thursday, 13 Jun 2024
IPO listing for LE Travenues Tech was on NSE and BSE on Tuesday, 18 Jun 2024
LE Travenues Tech IPO LISTING GAINS
| Issue Price (adjusted) | 93.0 |
| Listing Open Price | 138.1 |
| Listing Close Price | 165.7 |
| Listing Gain% | 48.5% |
| Current Gain% | 89.5% |
LE Travenues Tech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LE Travenues Technology Ltd. | 176.2 | 6828.3 | 90.9 | 2.8 | 6.1 | 3.5 | 2.8 | 1275.3 | 36.8 | 72.1 | 19.9 | 1.9 | 32.8 |
| Indian Railway Catering & Tourism Corporation Ltd. | 520 | 41596 | 29.9 | 5 | 8 | 32.3 | 18.4 | 5475.2 | 11.7 | 1393.5 | 6 | 17.4 | 6 |
| TBO Tek Ltd. | 1610.9 | 17492.4 | 66.1 | 4.7 | 5.7 | 15.8 | 2.6 | 2728.7 | 51.7 | 244.3 | 6.3 | 24.4 | 14.1 |
| BLS International Services Ltd. | 254.3 | 10471.8 | 14.8 | 0.6 | 3.3 | 27.9 | 18.2 | 3093.4 | 36 | 686.7 | 35.1 | 17.1 | 24.9 |
| Thomas Cook (India) Ltd. | 104.1 | 4898.6 | 22.4 | -1.7 | 0.6 | 8.6 | 2.8 | 8557.8 | 3.3 | 218.8 | -14 | 4.6 | -12.9 |
| Easy Trip Planners Ltd. | 6.6 | 2393 | -61.2 | 0.4 | 4.5 | -4.9 | -3.3 | 573.4 | -4.9 | -39.4 | -136.7 | -0.1 | -136.4 |
LE Travenues Tech INFORMATION ON IPO ISSUE
About LE Travenues Tech
Le Travenues Technology was incorporated on June 3, 2006. The company is a technology company focused on empowering Indian travellers to plan, book and manage their trips across rail, air, buses, and hotels.
Object of the Issue
- Part-funding working capital requirements of the company
- Investments in cloud infrastructure and technology
- Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
LE Travenues Tech Book Running Lead manager
Axis Capital Limited
ixigo.ipo@axiscap.in
DAM Capital Advisors Limited
ixigo.ipo@damcapital.in
JM Financial Limited
ixigo.ipo@jmfl.com
LE Travenues Tech Registrar to the Offer
Link Intime India Private Limited
ixigo.ipo@linkintime.co.in
LE Travenues Tech Strengths
Leading online travel agency
The company is a leading online travel agency with the highest Monthly Active Users for mobile apps, with significant penetration in the underserved ‘next billion user’ market segment
Artificial intelligence
The company uses artificial intelligence, data science, and machine learning to transform our travel information and crowd-sourced data into business intelligence that enhances the travel offerings and improves the operating efficiency
Diversified business model
The company's business model consists of a comprehensive mix of product and service offerings with a presence across trains, flights, buses, and hotels businesses, which comprehensively addresses the online travel market in India allowing it to monetize all aspects of the OTA platforms
LE Travenues Tech Risks
Incurred losses
The company has incurred net losses in the past and it anticipates increased expenses in the future. Any loss in future periods could adversely affect the operations and financial conditions and the trading price of the equity shares
Limited experience
The company has limited experience and operating history in certain of the businesses, particularly hotel offerings, which makes it difficult to assess future growth prospects accurately and may negatively affect the business
Negative cash flows
The company has had negative cash flows from operating activities in the past and may, in the future, experience similar negative cash flows
IPO FAQs
This IPO consists of an offer for sale of up to Rs 620.1 crore, of 66,677,674 shares. It also consists of a fresh issue of Rs 120.0 crore.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 88.0 - 93.0.
The IPO application opens on Jun 10, 2024 and closes on Jun 12, 2024.
The minimum lot size for the IPO is 161. The maximum lot size for the IPO is 2093.
For all category investors, the minimum application amount for this IPO is Rs. 14,168.0, the maximum value for this IPO is Rs 194,649.0.
This IPO will be allotted on Jun 13, 2024.
The refund will be credited to your account on Jun 14, 2024.
The allotted shares will be credited to your demat on Jun 14, 2024.
LE Travenues Technology Ltd.’s shares listed on the stock exchanges on Jun 18, 2024.