Le Travenues Technology IPO
Le Travenues Technology Limited (IXIGO) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 18 June 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +72.8% (likely range +48% to +80%), day's high +72.8%, chance of a gain 97%. Actual: +48.5% at the open, +78.2% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 2,38,74,271 | 2,54,81,99,486 | 107x | |
| NII (HNI) total | 1,19,37,134 | 1,31,94,06,592 | 111x | |
| Big NII (above ₹10 lakh) | 79,58,089 | 93,43,06,023 | 117x | |
| Small NII (₹2-10 lakh) | 39,79,045 | 38,51,00,569 | 96.8x | |
| Retail | 79,58,089 | 43,64,90,481 | 54.8x | |
| Total | 4,37,69,494 | 4,30,40,96,559 | 98.3x |
Bids on NSE and BSE together, as published by NSE, as of 12 Jun 2024, 07:00 PM. Shares offered exclude the anchor portion. 8% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Le Travenues Technology's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Awfis Space SolutionsMay 2024 | 117x | 130x | 54.6x | 109x | ₹599 Cr | +13.6% | +17.9% |
| Utkarsh Small Finance BankJul 2023 | 125x | 81.6x | 72.1x | 102x | ₹543 Cr | +60.0% | +92.0% |
| Ideaforge TechnologyJun 2023 | 126x | 80.6x | 85.2x | 106x | ₹567 Cr | +93.5% | +100.0% |
| DOMS IndustriesDec 2023 | 116x | 66.5x | 69.7x | 93.5x | ₹1,265 Cr | +77.2% | +81.5% |
| Platinum IndustriesFeb 2024 | 151x | 142x | 51.0x | 99.0x | ₹235 Cr | +31.6% | +38.2% |
| CSB BankNov 2019 | 62.2x | 165x | 44.5x | 86.9x | ₹410 Cr | +41.0% | +57.3% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Axis Capital | 107 | +20.4% | 73% |
| DAM Capital Advisors | 37 | +13.6% | 59% |
| JM Financial | 109 | +22.8% | 75% |
Offer documents (NSE)
Frequently asked
What is the Le Travenues Technology IPO price band and lot size? ₹88.0–93.0 per share, with a lot of 161 shares, so the smallest retail bid is ₹14,973.
How many times has it been subscribed? 98.3x overall: QIB 107x, NII 111x, retail 54.8x.
How did it list? It opened at ₹138, +48.5% against the issue price of ₹93.0, and closed its first day +78.2%.
