Ixigo Shares Debut on Market with 78% high
Shares of Le Travenues Technology, which has obtained a travel booking system known as Ixigo, closed 78% higher than the issue price of Rs.93 on Tuesday.
The stock started trading at Rs.135 and saw a rise of 45.16% from the issue price on the BSE. Later, it zoomed 74.18% to touch Rs.161.99.
The listing of shares at NSE was at Rs.138.10, an up of 48.49%. The stock closed at Rs.165.72, skyrocketing 78.19%. The market capitalization of the company was Rs.6275.87 crore.
On the basis of trading volume, 76.43 lakh shares of the company were being traded in the BSE and 964.60 lakh shares of turnover on the NSE in the day.
The Shares of the Company were trading at lifetime high levels on Tuesday. The 30-scrip Sensex continued the upward movement for the fourth day in a row, up 308.37 points, or 0.40%, to reach another closing high at 77,301. The NSE Nifty rose by 92.30 points, or 0.39%, to close at 23,557, a record high.
Le Travenues Technology’s IPO received 98.10 times as many subscriptions on its closing day last week on Wednesday.
The Rs.740 crore initial share sale includes fresh issue up to Rs.120 crore and equity shares up to 6,66,77,674 through the offer-for-sale. The offer was made in the range of Rs 88–93 per share.
Le Travenues Technology was established in 2007 by Aloke Bajpai and Rajinish Kumar and is India’s largest online travel portal company that provides the service of rail, air, buses, and hotel bookings.
