Ixigo Lists on Stock Exchanges: Shares Available for Trade Today
Le Travenues Technology Limited, the parent business of the travel brand “ixigo,” is now listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) today, June 18th, 2024. This is a big milestone for the company, since investors will be able to trade its shares starting at 10:00 a.m. IST. The listing is in the “B” group on the BSE, which represents companies that meet specific quality standards but may not meet the higher requirements of the “A” group.
Experts Forecast Positive Debut for ixigo
Market analysts are bullish about ixigo’s launch on Dalal Street, India’s main stock exchange. They attribute their optimism to the company’s role in ensuring a flawless travel experience, as well as the Indian tourism industry’s predicted expansion. Analysts expect the travel market to grow by up to 22% by fiscal year 2030 (FY30), which might help ixigo greatly. Experts expect an ixigo IPO listing price of between ₹120 to ₹125 per share.
Grey Market Signals Strong Performance
The grey market, an unofficial trading venue for forthcoming IPO shares, also displays positive optimism toward ixigo’s offering. Market observers report that Le Travenues Technology Limited shares are currently trading at a ₹30 premium in the gray market. The estimated ixigo IPO listing price is around ₹123 (₹93 issue price + ₹30 premium), which represents a potential 32% rise from the upper range of the ixigo IPO price band.
Analyst Predictions for ixigo IPO Listing Price
- Parth Shah, Research Analyst at StoxBox: “Following an overwhelming subscription response, Le Travenues Technology Ltd (Ixigo) is poised for a strong debut on the stock exchanges today. We expect a listing premium of approximately 30%.”
- Amit Goel, Co-Founder and Chief Global Strategist at Pace 360: “Despite facing pandemic-related challenges in FY22, the company has demonstrated resilience and is positioned for substantial growth from FY23 onwards. We expect a listing price in the range of ₹120 to ₹125 per share.”
- VLA Ambala, SEBI Registered RA and Co-Founder of SMT: “The Ixigo IPO is set to debut on June 18th, and I anticipate a premium listing. Considering the oversubscription in all investor segments – anchor investors, qualified institutional buyers (QIBs), and retail investors – I expect a listing premium between 35% and 50% on the debut date.”
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