Ixigo (Le Travenues Technology Limited) IPO

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Ixigo (Le Travenues Technology Limited) is a technology company focused on empowering Indian travelers to plan, book, and manage their trips across rail, air, buses, and hotels. They assist travelers in making smarter travel decisions by leveraging artificial intelligence, machine learning, and data science-led innovations on their OTA platforms, comprising their websites and mobile applications. Their vision is to become the most customer-centric travel company, by offering the best customer experience to their users. Their focus on travel utility and customer experience for travelers in the ‘next billion users’ segment is driven by technology, cost-efficiency, and their culture of innovation has made them India’s leading travel ecosystem for the ‘next billion users. Their OTA platforms allow travelers to book train tickets, flight tickets, bus tickets, hotels, and cabs while providing travel utility tools and services developed using in-house proprietary algorithms and crowd-sourced information, including train PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, flight status updates, bus running status, pricing, and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts for flights and automated customer support services.

They are the leading travel ecosystem for the ‘next billion users, with their focus on localized content and app features that aim at solving the problems of travelers. They are the largest Indian OTA in the online train bookings segment and their train-centric mobile applications, ixigo trains, and ConfirmTkt were collectively the leading B2C distribution platforms for IRCTC with a 42% market share, in terms of rail bookings among the OTAs and B2C distributors of IRCTC in Fiscal 2021. Their bus-focused app, AbhiBus, was the second-largest bus-ticketing OTA in India, with a 10% market share in online bus ticket bookings, in Fiscal 2021. They are also the third-largest flight OTA in India with a market share of 12% in online air bookings in Fiscal 2021. They were the second-largest OTA in India in terms of total GTV in Fiscal 2021.

The entire public offer of Ixigo (Le Travenues Technology Limited) comprises of fresh issue of Equity Shares of ₹750 Cr and an Offer for Sale of up to ₹850 Cr Equity Shares by the selling shareholders.

Financial Snapshot

Financial Year Ended Revenue (₹ Crores) Profit/Loss for the period (₹ Crores) EPS (₹)
March 2019 42.65 -57.32 -793.12
March 2020 112.95 -26.44 -367.88
March 2021 138.40 7.22 99.25

How do I apply to the Ixigo (Le Travenues Technology Limited) IPO?

You can apply for the Ixigo (Le Travenues Technology Limited) IPO using any supported UPI app by following two steps:

  • Enter your bid on Kite
  • Accept the UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Ixigo (Le Travenues Technology Limited) IPO?

You can check the allotment status for the Ixigo (Le Travenues Technology Limited) IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.