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

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.