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.

What is the estimated listing price for Le Travenues Technology Limited IPO?

Based on the upper price band of ₹93 and current GMP of ₹30.5, the estimated listing price is ₹123.5 (approx. 32.8% gain).

What is the expected profit per lot for Le Travenues Technology Limited IPO?

With a lot size of 161 shares and current GMP of ₹30.5, expected profit per retail application lot is approximately ₹4,910.5.

IPO GreyPremiumLIVE

Grey Market Intelligence

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

Live Grey Market Premium

Le Travenues Technology Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹30.5+32.8%

Issue Price (Upper)

₹93

Band: ₹88 – ₹93

Estimated Listing Price

₹123.5

Upper price + GMP

Lot Size

161 shares

Min investment ₹14,973

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹30.5	32.8%	₹123.5
30 Oct 2026	+₹30.5	32.8%	₹123.5
29 Oct 2026	+₹27	29.5%	₹120

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 & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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 is Le Travenues Technology Limited IPO GMP today?

The latest grey market premium for Le Travenues Technology Limited IPO is ₹30.5, which indicates an expected listing price of ₹123.5.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.