ixigo IPO : The initial public offering (IPO) of ixigo’s parent company, Le Travenues Technology Limited, entered the Indian primary market on June 10, 2024, and remains open until June 12, 2024. Investors have just one day left to participate in this mainboard public issue.
Strong Investor Response
After two days of bidding, the ixigo IPO has shown a robust response from investors. According to stock market observers, despite a range-bound secondary market session, the grey market premium (GMP) for ixigo IPO shares has remained steady. As of today, shares of Le Travenues Technology Limited are trading at a premium of ₹25 in the grey market, which is ₹1 higher than Tuesday’s GMP of ₹24.
ixigo IPO GMP Today
The GMP of ₹25 today indicates steady investor sentiment towards the ixigo IPO, despite volatile secondary market conditions. This steady mood in the grey market could be attributed to the strong subscription status of the ixigo IPO.
ixigo IPO Subscription Status
As of the second day of bidding, the ixigo IPO has been subscribed 9.33 times. The retail portion is subscribed 18.73 times, the Non-Institutional Investors (NII) segment 20.14 times, and the Qualified Institutional Buyers (QIB) portion 0.79 times.
