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Ixigo makes the entry into the stock market with its IPO in style. The IPO was subscribed 98.34 times and listed with a 49% premium. Shares of Le Travenues Technology, the parent company of IXIGO are listed at 138.10 price on the NSE. Marking the premium of 48.50% over the issue price of 93 rupees. Well, this performance is not unexpected as the market already indicated that it will list with over 30% premium. But 49% is quite an impressive number. The company made a public offering of 720 crore and received an amazing response from the investors.
Reason of IXIGO Lists at 49% Premium
NII (Non-Institutional Investors) have subscribed to the portion set aside for them 110.5 times. Qualified Institutional Buyers have bid for their allotted portion 106.7 times. Amazing response from retail investors as well they also got subscribed 54.80 times. These all make the IXIgo the 10th most subscribed IPO of 2024 till now.
With the travel sector growing due to increasing GDP, rising incomes, and improved infrastructure, Ixigo is well-positioned to benefit. Investors are advised to hold the shares for the medium to long term. Also, IXIGO caters to the various needs of travellers and serves them in the best possible manner. This makes the foundation very strong. Also, the impressive growth in profit and consumer acquisition shows a promising future which attracts investors.
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