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Le Travenues Technology (ixigo) IPO Listing Today: Strong Market Debut Expected - Latest Breaking News Headlines - India Live News - Politics news
Friday, November 22, 2024
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    Le Travenues Technology (ixigo) IPO Listing Today: Strong Market Debut Expected

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    ixigo IPO: The listing date for Le Travenues Technology Limited, the parent company of the ‘ixigo’ brand, is set for today, June 18, 2024. According to the BSE website, starting Tuesday, June 18, 2024, Le Travenues Technology Limited’s equity shares will be listed and available for trading on the Exchange in the ‘B’ group of securities. The ‘B’ group on the BSE includes companies that, while not meeting the stringent ‘A’ group criteria, are still considered high quality. Consequently, ixigo shares will be available on both the BSE and NSE from 10:00 AM.

    Stock market experts predict a strong debut for ixigo shares on Dalal Street, noting the company’s seamless travel services and the expected 22% growth in India’s travel sector by FY30. They estimate the ixigo IPO listing price to be around ₹120 to ₹125. Additionally, the grey market indicates a positive debut, with Le Travenues Technology Limited shares trading at a ₹30 premium today.

    Regarding the ixigo IPO listing, Parth Shah, a Research Analyst at StoxBox, stated that after a highly subscribed offering, Le Travenues Technology Ltd (ixigo) is set for a positive market debut, likely listing at a 30% premium.

    Amit Goel, Co-Founder and Chief Global Strategist at Pace 360, noted that despite pandemic-related challenges in FY22, ixigo is positioned for significant growth from FY23 onwards, offering innovative travel solutions. He expects the listing price to be around ₹120 to ₹125 per share.

    VLA Ambala, SEBI Registered RA and Co-Founder of SMT, anticipates a premium listing of 35-50% due to high subscription rates among anchor investors, QIBs, and retail investors.

    Today’s grey market premium (GMP) for ixigo IPO is ₹30, suggesting a listing price of around ₹123 (₹93 + 30), which is approximately 32% higher than the upper price band of the IPO.

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