Le Travenues Technology

IPO Size

`1600 Cr

Price Band


Minimum Lot Size


Face Value

`1 Per Share

Employee Discount


Retail Allocation


Issue Open Date


Issue Close Date


Listing Date


About the Company:

Ixigo is a technology company focused on empowering Indian travelers to plan, book, and manage their trips across rail, air, buses, and hotels. The firm assists travelers in making smarter travel decisions by leveraging artificial intelligence, machine learning, and data science-led innovations on the OTA platforms, comprising the firm's websites and mobile applications.


The firm's vision is to become the most customer-centric travel company, by offering the best customer experience to the users. And its focus on travel utility and customer experience for travelers in the ‘next

billion users’ segment is driven by technology, cost-efficiency and our culture of innovation has made Ixigo India’s leading travel ecosystem for the ‘next billion users’ Firm' OTA platforms allow travelers to

book train tickets, flight tickets, bus tickets, hotels, and cabs, while providing travel utility tools and services developed using in-house proprietary algorithms and crowd-sourced information, including train PNR status and confirmation predictions, train seat availability alerts, train running status updates, and delay predictions, flight status updates, bus running status, pricing, and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts for flights and automated customer support services.


The firm has the highest app usage among OTAs with 37.48 million users, based on MAUs in March 2021. As per the F&S report, ixigo is the fastest growing OTA in terms of app downloads, with 3.75 million monthly app downloads in March 2021, which was more monthly downloads than all other OTAs combined in that month.

Outstanding Litigation:

S.No. 1 - Company 2 - Directors 3 - Promoters
Entity Name By the Company Against the Company By the Director Against the Director By the Promoter Against the Promoter
Criminal cases - - - - - -
Material civil cases 1 1 - - - -
Taxation matters - - - - - -
Regulatory Proceedings - - - - - -

Financial Statements:

Income Statement(in Milllions) March'2021 March'2020 March'2019
Gross Operating Income 1,384.06 1,129.58 426.54
Cost of Employee & Inventory 347.98 343.86 303.72
Other Expenses 1,322.63 1,360.53 943.62
EBITDA 61.43 -230.95 -517.08
Finance Cost 15.51 12.51 15.15
Depreciation 18.85 22.65 41.3
Profit Before Tax  27.07 -266.11 -573.53
 Tax -48.26    
Profit After Tax 75.33 -266.11 -573.53

Promoter of the Company

Our company is a professionally managed company and does not have an identifiable promoter.

Peer Comparison

No listed peer in India

Objectives of the Issue

Offer for Sale

Proceeds from the Offer for sale worth Rs 850cr, will not be received by the company.

Fresh Issue

Net proceed of Rs 750 cr from the offer for sale will be utilized for the following: • organic and inorganic growth initiatives; and • general corporate purposes.

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