Ixigo parent Le Travenues surges 62% in India market debut

Le Travenues Technology

18/06/2024 07:00

** Shares of Le Travenues Technology  LETR.NS  up 62.6% to
151.25 rupees in its Mumbai market debut
    ** LETR, known for its online travel agency 'Ixigo', debuted
at 62.6% above its IPO price range's upper limit of 93 rupees
    ** LETR raised 7.4 bln rupees in its IPO, with 1.2 billion
rupees from the fresh issue and 6.2 billion rupees from the
offer for sale of shares - prospectus
    ** IPO oversubscribed 98.34x last week - exchange data
    ** Axis Capital, DAM Capital Advisors, and JM Financial are
among the bookrunning lead managers


 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))