Le Travenues Technology Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
Back arrow

Le Travenues

CMP

172.22

+1.73 (1.01%)

  • DRHP
₹93

Offer Price

₹ 740.10 Cr

Issue Size

₹ 14,973

Min Investment

98.34x

Times Subscribed

161

Lot size

Time Line

  • 10
    Jun 2024
    Open
  • 12
    Jun 2024
    Close
  • 13
    Jun 2024
    Finalisation of Basis of Allotment
  • 14
    Jun 2024
    Initiation of Refunds
  • 14
    Jun 2024
    Transfer of Shares to Demat Account
  • 18
    Jun 2024
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Continue to deepen penetration and enhance its offerings for the `next billion user` market segment.

  • Increase monetization through cross-selling and up-selling.

  • Improve operating leverage through investment in deep tech and artificial intelligence.

  • Drive value creation through selective strategic partnerships and acquisitions.

Products & Services

  • Le Travenues Technology Limited is a technology company focused on empowering Indian travelers to plan, book and manage their trips across rail, air, buses and hotels.

Strengths

  • Leading online travel agency ("OTA"), with significant penetration in the underserved ext billion user` market segment.

  • Artificial intelligence ("AI") and technology driven operations .

  • Established consumer travel brands built with user-first approach Established consumer travel brands built with user-first approach.

  • Diversified business model with significant operating leverage and organic flywheel.

  • Experienced management team with lean organization structure.

Risks

  • The Offer Price, market capitalization to revenue multiple and price to earnings ratio based on the Offer Price of the Company, may not be indicative of the market price of the Company on listing or thereafter.

  • The company originally commenced operations as a meta search website and subsequently transitioned to become an OTA. The company has limited experience of operating as an OTA. Its market share of the overall OTA market by GTV was 6.52% and 5.88% in the nine months ended December 31, 2023 and December 31, 2022, respectively, while it was 6.01%, 11.72% and 9.24% in Fiscal 2023, 2022 and 2021, respectively, (Source: F&S Report) on account of its limited operating history as an OTA.

  • Its train ticketing services depends on its agreement with IRCTC. The termination of the company agreement with IRCTC could preclude it from undertaking its train ticketing services and could otherwise have a material adverse effect on its results of operations, cash flows, financial condition and business prospects.

  • Its arrangement with IRCTC is on a non-exclusive basis and IRCTC may engage with other distribution partners including its competitors.

  • Any failure to maintain satisfactory performance of its technology infrastructure, including the company OTA platforms, particularly those leading to disruptions in its services, could materially and adversely affect the company`s business and reputation, and its business may be harmed if its technology infrastructure or technology is damaged or otherwise fails or becomes obsolete.

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 379.58 (180.00%) 501.25 (32.10%) 5.74 (-)
Gross Profit 379.58 (180.00%) 501.25 (32.10%) 5.74 (-)
Net Income 379.58 (180.00%) 501.25 (32.10%) 5.74 (-)
Assets 379.58 (180.00%) 501.25 (32.10%) 5.74 (-)
Liabilities 379.58 (180.00%) 501.25 (32.10%) 5.74 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Le Travenues Technology Ltd 501.25 21.64 430.82 57.06 5.74 0.58 10.07 1.40 0.02
Easy Trip Planners Ltd 448.83 134.20 696.89 696.89 36.27 0.77 2.13 19.25 0.22
Yatra Online Ltd 380.16 7.63 681.25 681.25 4.50 0.69 14.80 1.12 0.90

Book Running Managers

  • Axis Capital Ltd
  • Dam Capital Advisors Ltd
  • JM Financial Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

2nd Floor Veritas Building,
Sector 53 Golf Course Road,
Gurugram - 122002
Phone : 91-124-668 2111 Email : investors@ixigo.com www.ixigo.com

Offer Related Information

Initial public offering of 79,580,899 equity shares of face value of Re. 1 each (the "Equity Shares") of Le Travenues Technology Limited ("Company" or "Issuer") for cash at a price of Rs. 93.00 per equity share (the "Offer Price") aggregating to Rs. 740.10 crores (the "Offer") comprising a fresh issue of 12,903,225 equity shares aggregating to Rs. 120.00 crores (the "Fresh Issue") and an offer for sale of up to 66,677,674 equity shares aggregating to Rs. 620.10 crores (the "Offer for Sale"),... More

News

  • No Data Found.

Take your research to the next level.
Login now to unlock Exclusive Features!

Take your research to the next level.
Login now to unlock Exclusive Features!

Download Our App On: