Le Travenues Technology Ltd IPO
Open Demat Account
Le Travenues Technology Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| 795.81 L | 666.78 L | 79.58 L | TBA | BSE | ₹ 740.1 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 10 Jun, 24 | 12 Jun, 24 | 161 | ₹ 14,168 | Book Building | 18 Jun, 24 |
Le Travenues Technology Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Travel Agencies |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 42.69x | 59685675 | 2548199486 |
| NII | 110.53x | 11937135 | 1319406592 |
| Retail | 54.85x | 7958090 | 436490481 |
| Employee | 0x | 0 | 0 |
| Total | 54.08x | 79580900 | 4304096559 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Le Travenues Technology Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 2.15 | -28.22 | 3.74 |
| EBITDA | 9.21 | -23.65 | 5.20 |
| PAT | 4.53 | -32.05 | 7.58 |
| Total Assets | 154.13 | 165.04 | 59.49 |
| Share Capital | 37.12 | 36.98 | 0.61 |
| Total Borrowings | 76.12 | 68.00 | 24.95 |
| Operating Activities (Net Cash) | 11.59 | -27.48 | 9.04 |
| Investing Activities (Net Cash) | 134.22 | 102.12 | 26.29 |
| Financing Activities (Net Cash) | 76.12 | 68.00 | 24.95 |
| Net Cashflow | 67.02 | 91.31 | 22.56 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Le Travenues Technology Ltd
Le Travenues Technology Limited was incorporated on June 3, 2006 as a private limited company under the Companies Act 1956, with the name Le Travenues Technology Private Limited, pursuant to a certificate of incorporation granted by the Registrar of Companies, National Capital Territory of Delhi and Haryana situated at New Delhi. Further to the conversion of the Company to a public limited company and as approved by its Shareholders pursuant to a special resolution dated July 29, 2021, the name of the Company was changed to Le Travenues Technology Limited and the Registrar of Companies, Delhi and Haryana (RoC) issued a fresh certificate of incorporation on August 3, 2021.
The total Indian travel market as represented by modes of air, rail, road and hotel is estimated at around Rs. 3.8 trillion in Fiscal 2023 and expected to grow at a CAGR of around 9% to reach Rs. 5.8 trillion by Fiscal 2028. As of Fiscal 2023, the `next billion users' travel market is estimated to be approximately 90% of the train and bus segment each, and between 50% - 55% of the flights and hotels segment. This weighed in at over 60% - 65% of the overall travel market in 2023.
Peer Comparison:
- Easy Trip Planners Ltd
- Yatra Online Ltd
Le Travenues Technology Ltd IPO Key Points
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.
Risk
- The COVID-19 pandemic has had, and is expected to have, a material adverse effect on the travel industry and its business, financial condition, results of operations and cash flows.
- A general decline or disruptions in the travel industry may materially and adversely affect its business and results of operations.
- The company train ticketing services depend on its agreement with IRCTC. The termination of the company agreement with IRCTC could preclude the company 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.
Strategy
- 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.
- 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.
How To Apply for Le Travenues Technology Ltd Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
