ixigo travel booking platform Shares of Le Travenues Technology, which operates , will be listed on the stock exchanges on Tuesday. Last week, the company’s initial public offering (IPO) received 98.10 times subscription. According to a BSE notice, the trading members of the exchange are informed that the equity shares of Le Travenues Technology will be listed in the list of ‘B’ group securities from Tuesday, June 18, 2024. The stock markets were closed on Monday on the occasion of ‘Bakrid’. The size of the IPO is Rs 740 crore and includes a fresh issue of up to Rs 120 crore. The price range for the IPO was Rs 88 to Rs 93 per share.
What is the GMP of ixigo IPO today?
According to market observers, the GMP (grey market premium) of ixigo IPO today is Rs 30, which is Rs 6 higher than the ixigo IPO GMP available before the ixigo IPO subscription opening date. The premium of ixigo IPO has increased in the grey market after the IPO received a strong response from retail investors.
Shares can be listed at this much rupees
According to market observers, the ixigo IPO GMP today is ₹30, which means the grey market expects the ixigo IPO listing price to be around ₹123 (₹93 + ₹30). Hence, the grey market expects Le Travenues Technologies share price to make a strong debut on Dalal Street, and allottees could get around 32 per cent listing gain on their investment. However, it is important to note that the GMP is not an ideal indicator of a potential listing. They emphasise that the grey market is non-regulated and has no relation to the company’s financial data. It is advisable to rely on nothing other than grey market signals and stick to the basics.
Latest Business News