What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Le Travenues Technology Limited IPO allotment date?

The basis of allotment for Le Travenues Technology Limited IPO is scheduled to be finalized on 13 Jun 2024.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 14 Jun 2024.

Le Travenues Technology Limited

ListedMainboard

Consumer Discretionary / Travel & Tourism · NSE / BSE

Le Travenues Technology Limited, known as ixigo, is an online travel agency that helps users book train, flight, bus tickets, and hotels. Founded in 2006, ixigo makes travel easier with features like PNR status checks, seat availability alerts, and AI-based travel planning. The company operates popular apps like ixigo trains and Confirmtkt for train bookings, ixigo-flights for flights, buses, and hotels, and Abhibus for bus travel comparisons and bookings. With 83 million monthly active users as of September 2023, ixigo is the most-used travel app in India. It also offers smart services like ixigo PLAN, an AI travel planner, and ixigo Assured Flex, which allows easy cancellations or rebookings. By the end of 2023, ixigo had a team of 486 full-time employees and 4 consultants working to provide seamless travel experiences.

Price Band

₹88 – ₹93

Issue Size

₹740 Cr

Lot Size

161 shares

GMP

₹30.5

+32.8%

Est. Listing

₹123.5

at current GMP

Subscribed

98.10x

overall

Open

10 Jun 2024

12 Jun 2024

Allotment

13 Jun 2024

Refund

14 Jun 2024

Demat Credit

15 Jun 2024

Listing

18 Jun 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Le Travenues Technology Limited Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

13 Jun 2024

Basis finalization

Refunds Initiate

14 Jun 2024

Mandate release

Demat Credit

15 Jun 2024

Shares in demat

Listing Debut

18 Jun 2024

Trading begins

How to Check Le Travenues Technology Limited IPO Allotment Status

Click the Check on Registrar button above to visit Link Intime India Private Limited's allotment portal.
Select Le Travenues Technology Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Le Travenues Technology Limited Public Issue & Market Profile

Le Travenues Technology Limited is bringing an initial public offering (IPO) in the Consumer Discretionary / Travel & Tourism sector with an aggregate issue size of ₹740.1 Crores. The shares are offered at a price band of ₹88 to ₹93 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 161 shares (approx. ₹14,973 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2024-06-15, while un-allotted funds or UPI block mandates will be released on 2024-06-14.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.