ixigo Share Price Extends Gains After Dream Debut on Dalal Street

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June 18, 2024

New Delhi, India

ixigo shares

Shares of ixigo’s parent company, Le Travenues Technology Limited, made a remarkable debut on the stock exchanges, opening at ₹135 per share on BSE and ₹138.10 per share on NSE. This represented a significant 48% listing gain from the IPO price of ₹93 apiece.

Market Performance

  • BSE Opening Price: ₹135 per share
  • NSE Opening Price: ₹138.10 per share
  • Initial Gains: 48% on NSE, 45.16% on BSE
  • New Peak: ₹149.19 on NSE

The strong performance continued post-listing, with ixigo shares reaching a new peak of ₹149.19 on NSE, pushing listing gains beyond 50% against the IPO upper band of ₹93 apiece.

ixigo’s Stellar Debut

  • NSE Listing: ₹138.10 per share, a 48.5% increase from the issue price
  • BSE Listing: ₹135 per share, up 45.16% from the issue price

Investor Enthusiasm

The IPO of Le Travenues Technology, which owns the travel booking platform ixigo, witnessed overwhelming investor interest. The ₹740 crore offer, which opened on June 10 and closed on June 12, was subscribed an impressive 98.34 times by the final day.

Company Background

Founded in 2007 by Aloke Bajpai and Rajnish Kumar, Le Travenues Technology has become a leading online travel aggregator in India. The company assists travelers in planning, booking, and managing their journeys across rail, air, bus, and hotel accommodations.

Key Takeaways:

  • Listing Gains: ixigo shares provided a substantial return to investors, opening significantly above the IPO price.
  • Market Outlook: The travel industry’s expected growth supports a positive long-term outlook for ixigo shares.
  • Investment Strategy: Experts recommend booking partial profits while holding onto some shares for future gains.

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