Le Travenues Technology Ltd, which operates travel booking platform Ixigo, has raised Rs 176 crore in a pre-IPO round from existing shareholders through share sale. The investors include Tata Multi Asset Opportunities Fund, Tata Digital India Fund, Ashoka India Equity Investment Trust Plc, Bay Capital Holdings and Steadview Capital Mauritius, Ixigo co-founders Aloke Bajpai and Rajnish Kumar told PTI in an interaction.
The travel aggregator's certain shareholders — SAIF Partners India IV Ltd., Peak XV Partners Investments V, Micromax Informatics Ltd. and Catalyst Trusteeship Ltd. — collectively sold 1.89 crore shares to these institutional investors on June 6 at Rs 93 apiece, which is also the upper end of the price band for the company's Rs 740-crore initial public offering.
The pre-IPO round was finalised ahead of the anchor round, which commences on Friday.
About Ixigo IPO
Ixigo plans to raise Rs 740.1 crore through its IPO, which is set to open on June 10. The IPO consists of a fresh issue of 1.29 crore shares totaling Rs 120 crore and an offer for sale of 6.67 crore shares amounting to Rs 620.1 crore.
The company will list on both the NSE and BSE post the IPO, which will close on June 12. The allotment is expected to be finalised on June 13, and the tentative listing date is June 18.
The price band is set between Rs 88 per share and Rs 93 per share. The minimum lot size for retail investors is 161 shares, requiring an investment of at least Rs 14,973. For small non-institutional investors, the minimum lot size is 14 lots (2,254 shares), amounting to Rs 2.09 lakh. Minimum lot size for big non-institutional investors is 67 lots (10,787 shares), totaling over Rs 10 lakh.
(With PTI inputs)
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