Bumper market debut: Ixigo shares debut at 49% premium to IPO price

This was much better than grey market expectations which indicated a debut of almost 30 per cent.

Updated on: Jun 18, 2024, 10:26:42 IST

By HT News Desk

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Shares of Le Travenues Technology, parent company of travel aggregator Ixigo, made a bumper debut on the bourses today (June 18). The shares listed at ₹138.10 on the NSE- a premium of 48.5 per cent over the issue price of ₹93. This was much better than grey market expectations which indicated a debut of almost 30 per cent.

Ixigo shares listed at ₹138.10 on the NSE- a premium of 48.5 per cent over the issue price of ₹93.

Read more: Fitch raises India's growth estimates for FY25 to 7.2%

Through the IPO, the company will use net proceeds to fund its working capital needs, invest in cloud infrastructure and technology, finance potential acquisitions and other strategic initiatives as well as general corporate expenses.

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HT News Desk
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Bumper market debut: Ixigo shares debut at 49% premium to IPO price

This was much better than grey market expectations which indicated a debut of almost 30 per cent.

Read more: A ‘smarter than human’ AI bot could be the next mayor of Wyoming in US

Read more: Fitch raises India's growth estimates for FY25 to 7.2%