ixigo makes a stellar debut, list at 48% premium

ixigo shares made a strong debut on the stock exchanges today, opening significantly higher than the issue price. On the NSE, ixigo shares opened at Rs 138.10 per share, a 48.5% increase from the issue price of Rs 93. On the BSE, the shares opened at Rs 135 apiece, up 45.16% from the issue price.

Investor enthusiasm for Le Travenues Technology’s IPO, the company behind the travel booking site ixigo, was evident during the three-day subscription period. The Rs 740 crore offer opened on Monday, June 10, and closed on Wednesday, June 12. By the final day of bidding, the IPO subscription status had reached an impressive 98.34 times.