Ixigo, the travel company, made its stunning Dalal Street debut on Tuesday. The company has a current market valuation at Rs 6,275.87 crore. Latest data shows that shares of Le Travenues Technology Ltd, the company that operates travel portal Ixigo, remain in green a day after the listing.
On Tuesday, Ixigo ended with a huge premium of over 78 per cent against the issue price of Rs 93, the market data showed.
Amid all the IPO buzz, Aloke Bajpai, the co-founder and CEO of Ixigo shared heart-warming ‘then vs now’ photos that portrayed the journey of the company. The first photo showed Bajpai and Rajnish Kumar sitting in a 1-room office with two desktops. Bajpai captioned it – “How it started…” The second photo showed the two co-founders at their stock market debut. Bajpai captioned it – “How its going.” These two photos captured the struggle and success of these two entrepreneurs.
Shares of Le Travenues Technology, the operator of the online travel portal ixigo, surged by 19 percent to Rs 197.50 on the National Stock Exchange (NSE) during Wednesday’s intraday trading, following an impressive stock market debut on Tuesday.
On June 18, the stock closed at Rs 165.72, marking a 78 percent increase from its issue price of Rs 93, driven by significant interest from foreign institutional investors (FIIs) on its debut day. With the current rally, the market price of Le Travenues Technology has more than doubled, soaring 112 percent above its issue price.
