Private EquityScreenerRefer

MARKET INSIGHTS

  • EventsNEWPrivate market milestones
  • NewsPrecize daily pulse
  • BlogsIn-depth articles and opinions

GUIDES

Explore Now
  • Unlisted SharesStep-by-step · KYC
  • BuyingStep-by-step · KYC
  • SellingExit in 24 - 48 hours
  • Pre-IPOReturns · risks · case studies
  • Tax GuideBudget 2026 changes
  1. Home
  2. Unlisted share news
  3. Ixigo Shares Soar Over 78% On Market Debut, Valuation Reaches ₹6,275.87…

Ixigo Shares Soar Over 78% On Market Debut, Valuation Reaches ₹6,275.87 Crore

18 Jun 2024

Add as preferred source
Key Takeaways

  • Impressive Market Debut:

    • The stock market debut of Le Travenues Technology Ltd (ixigo) saw shares rise 78.19% from the issue price of Rs 93.

  • Strong Opening and Closing Prices:

    • Shares opened at Rs 135 on the BSE and Rs 138.10 on the NSE, closing at Rs 161.99 and Rs 165.72 respectively.

  • IPO Success:

    • The IPO consisting of Rs 740 crore initial share sale had a fresh issue of up to Rs 120 crore and an OFS of up to 6,66,77,674 equity shares was  oversubscribed 98.10 times.

  • Impressive Market Debut:

    • The stock market debut of Le Travenues Technology Ltd (ixigo) saw shares rise 78.19% from the issue price of Rs 93.

  • Strong Opening and Closing Prices:

    • Shares opened at Rs 135 on the BSE and Rs 138.10 on the NSE, closing at Rs 161.99 and Rs 165.72 respectively.

  • IPO Success:

    • The IPO consisting of Rs 740 crore initial share sale had a fresh issue of up to Rs 120 crore and an OFS of up to 6,66,77,674 equity shares was  oversubscribed 98.10 times.

Le Travenues Technology (ixigo)

Le Travenues Technology (ixigo)

0.00%

Expert Analysis

ixigo Shares Soar 78% on Debut, Reflecting Strong Market Confidence.

Expert Analysis: 

  • Debut Performance: Shares of Le Travenues Technology Ltd (ixigo) soared over 78% on their debut, outperforming the issue price of Rs 93.

  • Share Performance: 

    • On the BSE, the stock opened at Rs 135, a 45.16% jump from the issue price on the BSE, and closed at Rs 161.99, up 74.18%.

    • On the NSE, it listed at Rs 138.10, a 48.49% rise, and ended at Rs 165.72, an increase of 78.19%.

    • Market Cap Reaches Rs 6,275.87 Crore; Significant Trading Volumes Recorded Across BSE and NSE.

  • Market Indices Reach New Highs:

    • The BSE Sensex rose by 308.37 points or 0.40% to close at a record high of 77,301.14.

    • The NSE Nifty increased by 92.30 points or 0.39% to achieve a record closing peak of 23,557.90.

  • IPO Oversubscription:

    • Le Travenues Technology's IPO was oversubscribed 98.10 times on the closing day of subscription.

    • The Rs 740 crore initial share sale had a fresh issue of up to Rs 120 crore and an OFS of up to 6,66,77,674 equity shares.

Offer Details: The IPO price range was set between Rs 88 and Rs 93 per share.

Publisher:free press journal