New Delhi: Le Travelogue Technology Ltd, which operates travel booking platform ixigo, on Friday said it has raised Rs 333 crore from anchor investors ahead of the launch of its initial share sale for public subscription.
According to a circular uploaded on BSE, the anchor investors who have been allotted shares are Singapore Government, Morgan Stanley, WhiteOak Capital, Bay Capital India Find, Tata Investment Corporation, Bajaj Allianz Life Insurance Company, SBI Mutual Fund and HDFC Mutual Fund. Website.
Overall, the company has allotted 3.58 crore equity shares at Rs 93 per share to 23 funds, aggregating to Rs 333 crore.
The issue will open on June 10 with a price band of Rs 88 to Rs 93 per share and close on June 12.The Gurugram-based company's Rs 740 crore IPO is a combination of a fresh issue of equity shares worth Rs 120 crore and an offer for sale (OFS) of 6.66 crore equity shares worth Rs 620 crore. Cessation of price bands by existing shareholders.
Under the OFS, SAIF Partners India IV Ltd, Peak Will sell shares.
The proceeds of Rs 45 crore from the fresh issue will be used to meet the working capital requirements of the company and Rs 26 crore will be used to invest in technology as well as data science, including cloud and server hosting, artificial intelligence. Intelligence covers technology and customer engagement. ,
Additionally, the funds will be used to support inorganic growth through acquisitions and for general corporate purposes.The company said 75 per cent of the issue size has been reserved for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors. Investors can bid for a minimum of 161 shares and in multiples thereof.
Launched in 2007 by Alok Bajpayee and Rajneesh Kumar, Le Travelogue Technology is the country's leading online travel aggregator, helping travelers plan, book and manage their trips across rail, air, buses and hotels.
The company's total income increased to Rs 517 crore in the financial year ending March 2023 from Rs 385 crore in the previous financial year. The company made a profit of Rs 23.4 crore for the year ending March 2023, compared to a loss of Rs 21 crore in the previous financial year.Axis Capital, DAM Capital Advisors and JM Financial are the book running lead managers to the public issue.
According to a circular uploaded on BSE, the anchor investors who have been allotted shares are Singapore Government, Morgan Stanley, WhiteOak Capital, Bay Capital India Find, Tata Investment Corporation, Bajaj Allianz Life Insurance Company, SBI Mutual Fund and HDFC Mutual Fund. Website.
Overall, the company has allotted 3.58 crore equity shares at Rs 93 per share to 23 funds, aggregating to Rs 333 crore.
The issue will open on June 10 with a price band of Rs 88 to Rs 93 per share and close on June 12.The Gurugram-based company's Rs 740 crore IPO is a combination of a fresh issue of equity shares worth Rs 120 crore and an offer for sale (OFS) of 6.66 crore equity shares worth Rs 620 crore. Cessation of price bands by existing shareholders.
Under the OFS, SAIF Partners India IV Ltd, Peak Will sell shares.
The proceeds of Rs 45 crore from the fresh issue will be used to meet the working capital requirements of the company and Rs 26 crore will be used to invest in technology as well as data science, including cloud and server hosting, artificial intelligence. Intelligence covers technology and customer engagement. ,
Additionally, the funds will be used to support inorganic growth through acquisitions and for general corporate purposes.The company said 75 per cent of the issue size has been reserved for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors and the remaining 10 per cent for retail investors. Investors can bid for a minimum of 161 shares and in multiples thereof.
Launched in 2007 by Alok Bajpayee and Rajneesh Kumar, Le Travelogue Technology is the country's leading online travel aggregator, helping travelers plan, book and manage their trips across rail, air, buses and hotels.
The company's total income increased to Rs 517 crore in the financial year ending March 2023 from Rs 385 crore in the previous financial year. The company made a profit of Rs 23.4 crore for the year ending March 2023, compared to a loss of Rs 21 crore in the previous financial year.Axis Capital, DAM Capital Advisors and JM Financial are the book running lead managers to the public issue.
