Video Discription |
Le Travenues Technology Ltd. (LTTL), has come up with an IPO. In today's video, our research analyst, Amar Nandu, shares with us a complete overview of the company, its business, and the ongoing IPO. So, watch the video to know if the IPO is worth investing in.
IPO Details:
IPO Date: Monday, June 10, 2024 to Wednesday, June 12, 2024
Face Value: Rs. 1/- per share
Price Band: Rs. 88 to Rs. 93 per share
Lot Size: 161 shares and in multiples thereof
Issue Size: Total issue (at upper price band) of Rs. 740 crores comprising –
Fresh Issue of Rs. 120 crores; and
Offer for Sale of Rs. 620 crores
Expected Post-Issue Market Cap Rs. 3,603 crores (at upper price band)
About the Company:
Le Travenues Technology Ltd. (LTTL), popularly known as "ixigo," offers online travel agency services, leveraging artificial intelligence, machine learning, and data science-led innovations to assist travelers in planning, booking, and managing their trips across rail, air, buses, and hotels. Its services include train PNR status and confirmation predictions, train seat availability alerts, train, bus, and flight running status updates and delay predictions, instant fare alerts, alternate route or mode planning, AI-based travel itinerary planning, and more. It acts as an intermediary by providing a platform for travelers to book tickets, earning commissions from suppliers like IRCTC. For the nine months ending December 23, the company's gross take rates were 8.25% for flights, 6.57% for trains, and 10.99% for buses. According to the Frost & Sullivan Report, in September 2023, ixigo flights, ixigo trains, ConfirmTkt, and AbhiBus (all company brands) collectively had the highest usage and engagement among key OTA players and standalone transactional train mobile apps in India, in terms of Monthly Active Users and sessions. The company’s market share in India in the first half of Fiscal 2024 was 52.4% in the OTA rail market, 12.5% in online bus ticket bookings, and nearly 5.2% of the total airline OTA market by volume. Aloke Bajpai serves as Chairman, Managing Director, and Group CEO of the company. Listed peers of the company include Easy Trip Planners Limited and Yatra Online Limited.
Time Line:
00:00 - Introduction
00:20 - IPO Synopsis
00:46 - Objects of the Issue
01:05 - Business Overview
01:49 - Key Strengths
02:55 - Risks
03:59 - Financial Snapshot
04:33 - Conclusion
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