ixigo IPO Day 3: GMP, Subscription Status, and Should You Jump on the Le Travenues Tech Train?

ixigo IPO

The initial public offering (IPO) of ‘ixigo‘  parent company Le Travenues Technology Limited launched on June 10,  2024, in the Indian primary market. Investors have until June 12, 2024,  to apply for this mainboard public issue. So far, the response has been  strong, with high subscription rates.

ixigo IPO Grey Market Premium (GMP) Today

Today, the grey market premium (GMP) for ixigo IPO is ₹25, which is ₹1  higher than yesterday’s GMP of ₹24. Despite some volatility in the  secondary market, the grey market has remained steady, likely due to the  strong investor interest in the IPO.

ixigo IPO Subscription Status

After two days of bidding, here’s the subscription status: Overall: 9.33 times subscribed Retail Portion: 18.73 times subscribed Non-Institutional Investors (NII): 20.14 times subscribed   Qualified Institutional Buyers (QIB): 0.79 times subscribed