Le Travenues Technology
Mainboard₹740 Cr issue
+45.16%
Listing gain over issue price
Issue size
₹740 Cr
1 lot at cut-off
₹14,973
Lot size
161shares
Open
10 Jun 2024
Close
12 Jun 2024
Allotment
13 Jun 2024
Listing
18 Jun 2024
Listing performance
Issue price
₹93
Listed at
₹135
Listing-day close
₹165.72
Latest price
₹146.58
Close on 23 Oct 2026
Listing gain
+45.16%
Return since issue
+57.61%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 10 Jun 2024 – 12 Jun 2024
- Listing date
- 18 Jun 2024
- Face value
- ₹1 per share
- Issue price
- ₹93 per share
- Lot size
- 161 shares
- Total issue size
- ₹740 Cr
- Market cap at offer price
- ₹3,603 Cr
- ISIN
- INE0HV901016
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- Axis Capital Ltd.
- Registered office
- Second Floor, Veritas Building, Sector-53, Golf Course Road, Haryana
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 3,58,11,405 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 161 shares per lot, in multiples, at ₹93
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 161 | ₹14,973 |
| Retail (max) | 13 | 2,093 | ₹1,94,649 |
| S-HNI (min) | 14 | 2,254 | ₹2,09,622 |
| S-HNI (max) | 66 | 10,626 | ₹9,88,218 |
| B-HNI (min) | 67 | 10,787 | ₹10,03,191 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
3,58,11,405
Anchor portion
₹333 Cr
at ₹93 per share
Valuation and performance
Valuation at offer price
₹93 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 0.62 | 2.26 |
| P/E (×) | 150.00 | 41.15 |
| Price to book (×) | 8.14 | — |
| Market cap | — | ₹3,603 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 15.26%
- NAV per share
- ₹11.43
- Price to book
- 8.14
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Le Travenues Technology
Le Travenues Technology Limited was incorporated on June 3, 2006 as a private limited company and converted to a public limited company on August 3, 2021. The company commenced operations in 2007 as a travel meta-search website providing travellers aggregated comparison of deals and accurate travel information, and subsequently transitioned to an OTA model in Fiscal 2020. As an OTA, the company operates as the merchant of record for transactions, working directly with suppliers and airlines to enable domestic and international flight ticketing, train booking through IRCTC, bus ticketing, and hotels bookings on its platforms. The company operates through multiple brands including ixigo, ConfirmTkt and AbhiBus, providing travelers with utility tools and services including train PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, bus running status, personalized recommendations, instant fare alerts and automated customer support services.
Company Analysis
from RHPLe Travenues Technology Limited is a technology-enabled online travel agency platform empowering Indian travelers to plan, book and manage trips across rail, air, buses and hotels through AI and machine learning innovations.
Le Travenues Technology Limited was incorporated on June 3, 2006 as a private limited company and converted to a public limited company on August 3, 2021. The company commenced operations in 2007 as a travel meta-search website providing travellers aggregated comparison of deals and accurate travel information, and subsequently transitioned to an OTA model in Fiscal 2020. As an OTA, the company operates as the merchant of record for transactions, working directly with suppliers and airlines to enable domestic and international flight ticketing, train booking through IRCTC, bus ticketing, and hotels bookings on its platforms. The company operates through multiple brands including ixigo, ConfirmTkt and AbhiBus, providing travelers with utility tools and services including train PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, bus running status, personalized recommendations, instant fare alerts and automated customer support services.
Online Travel Agency (OTA)Travel TechnologyArtificial Intelligence and Machine Learning
Objects of the Issue
- Part-funding working capital requirements of our Company ₹450.00 million p.24
- Investments in technology and data science including on cloud and server hosting, technology on artificial intelligence and customer engagement ₹258.00 million p.24
- Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes p.24
- Part-funding working capital requirements p.65
- Investments in cloud infrastructure and technology p.65
- Funding inorganic growth through unidentified acquisition and other strategic initiatives p.65
- General corporate purposes p.65
- Part-funding working capital requirements of our Company ₹450.00 million p.148
- Investments in cloud infrastructure and technology ₹258.00 million p.148
- Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes [●] (subject to constraints: cumulative not exceeding 35% of Gross Proceeds, inorganic growth not exceeding 25% of Gross Proceeds, general corporate purposes alone not exceeding 25% of Gross Proceeds) p.148
- Not explicitly stated in this document part p.166
- Funding capex for the new plant, technology infrastructure and other capital expenditures; and part-funding working capital requirements of our Company ₹1,200.00 million (Fresh Issue) p.488
Issue Structure
- Total Issue
- [●] Equity Shares, aggregating to ₹ [●] million
- Fresh Issue
- [●] Equity Shares, aggregating up to ₹ 1,200.00 million
- Offer for Sale
- Up to 66,677,674 Equity Shares, aggregating to ₹ [●] million by the Selling Shareholders
- Price Band
- Price band ranging from a Floor Price of ₹ [●] per Equity Share to a Cap Price of ₹ [●] per Equity Share
- Lot Size
- [●] Equity Shares and in multiples of [●] Equity Shares thereafter
- Face Value
- ₹ 1 each
Business Model
The company generates revenue primarily through ticketing revenue (net basis) from flight, train, bus and hotel bookings where it operates as the merchant of record, and through advertisement revenue from referrals and partnerships. For train ticketing, it pays annual maintenance charges and advertising charges to IRCTC. The company leverages artificial intelligence, machine learning and data science led innovations on its OTA platforms to assist travelers in making informed travel decisions.
Business Segments
Enables domestic and international flight ticketing on the OTA platform
Provides train ticketing services as a principal service provider on a non-exclusive basis for booking of reserved e-tickets for train travel through arrangement with IRCTC
Offers bus ticketing services through the AbhiBus platform
Includes hotels business launched in Fiscal 2024 and other ancillary services
Online flight ticketing and booking services
Train ticketing services pursuant to agreement with IRCTC as principal service provider
Bus ticketing operations through Abhibus, including inter-city bus services
Online booking of train tickets through ixigo trains and ConfirmTkt brands, leveraging proprietary train PNR prediction algorithms and crowd-sourced data
Online booking of flight tickets through ixigo app and web platforms with commission-based revenue model
Online booking of bus tickets through ixigo, AbhiBus and FreshBus partnerships, serving NBU users
Online booking of hotel accommodations through ixigo platform with commission-based revenue model
Online booking and distribution of domestic and international airline tickets through OTA platforms with features including price comparison, flexible booking options, and travel insurance
Online booking of intercity reserved train tickets with value-added services including seat selection, waitlist prediction, running status tracking, and meal services
Online booking of long-haul and intercity bus tickets including AC and sleeper buses with unified ticketing systems and ancillary services
Online booking of hotel accommodations including budget hotels, mid-range, and premium properties with aggregation of multiple hotel chains and independent operators
Offers domestic and international flight bookings for travel within and from/to India, with inventory through aggregators, global distribution systems (GDS), and direct API connections to airlines.
Primary revenue driver; books reserved train e-tickets through IRCTC partnership with real-time availability, seat information, and proprietary train running status/PNR prediction algorithms.
AbhiBus platform offers bookings across 2,000+ private operators and State Road Transport Corporations covering 100,000+ routes; earns through convenience fees and commissions.
Launched in December 2023; allows users to search, compare and book domestic and international hotels across budget, mid-range and luxury segments; earns revenue through commissions from third-party hotel inventory aggregators.
Display advertisements on platforms and other ancillary revenue streams from travel-related services.
Provides convenience fees on reservation and commission income from ticketing services for trains, airlines, and buses through ixigo.com, confirmtkt.com, and abhibus.com platforms
Provides hotel reservation services and commission income earned on hotel bookings
Provides display advertising and click-through fees to travel partners for traveller leads
Provides back-end support with real-time travel information updates and software development services
Operates electric buses that are technology powered and monitored on real time basis through FreshBus
Through internet and mobile based platform and call-centres the Group provides the facility to book and service domestic and international air tickets to ultimate consumer through B2C (Business To Consumer) and B2B2C (Business to Business to Consumer) channel. This also includes ancillary and advertisement income generated from this LOB.
Through internet and mobile based platform and call-centres the Group provides the facility to book and service Train tickets to ultimate consumer through B2C (Business To Consumer) and B2B2C (Business to Business to Consumer) channel. This also includes ancillary and advertisement income generated from this LOB.
Through internet and mobile based platform and call-centres the Group provides the facility to book and service Bus tickets to ultimate consumer through B2C (Business To Consumer) and B2B2C (Business to Business to Consumer) channel. This also includes ancillary, Software as a Service (SaaS) income and advertisement income generated from this LOB.
Enables users to book flight tickets and provides flight-related services including convenience fees, commissions, rescheduling and cancellation charges
Enables users to book train tickets and provides train utility tools including PNR status, seat availability alerts, running status updates; primary revenue source is agent service charges, payment gateway fees and advertisements
Enables users to book bus tickets through the AbhiBus platform; revenue generated through convenience fees, commissions and advertisements
Includes ancillary services such as ixigo Assured (free cancellation option for nominal charge), ixigo Assured Flex (flexible airline/train tickets), and other ancillary offerings across flights, trains and buses
Gross ticketing revenue from flight bookings which is net of discounts to arrive at ticketing revenue, supplemented by other operating revenue and net of direct expenses.
Gross ticketing revenue from train bookings which is net of discounts to arrive at ticketing revenue, supplemented by other operating revenue and net of direct expenses.
Gross ticketing revenue from bus bookings which is net of discounts to arrive at ticketing revenue, supplemented by other operating revenue and net of direct expenses.
Other operating revenue and ticketing revenue from miscellaneous sources.
SWOT Analysis
Strengths
- • Growing user base and expanding customer reach across all platforms(p.48)
- • High repeat transaction rate indicating strong customer loyalty(p.48)
- • Successful integration of acquisitions expanding service offerings(p.55)
- • Revenue growth trajectory demonstrating business scaling(p.55)
- • AI/ML capabilities enhancing user experience and operational efficiency(p.56)
- • Leading OTA for 'next billion users' with highest monthly active users among key OTAs(p.161)
- • Established consumer travel brands with high user engagement and app ratings(p.161)
- • Strong revenue growth with high gross transaction value CAGR and increasing gross take rates(p.161)
- • Diversified business model across trains, flights, buses, and hotels with organic flywheel(p.161)
- • Technology-focused company using AI, data science and machine learning for competitive advantage(p.161)
- • Experienced management team with over 22 years of travel technology expertise(p.161)
- • High repeat transaction rate indicating strong customer loyalty(p.161)
- • Highest app engagement among OTA competitors with 23 monthly sessions per user(p.224)
- • Fastest growing OTA by app downloads with 62.2 million downloads in FY2023(p.223)
- • 350% revenue growth from FY2020 to FY2023, significantly outpacing competitors(p.225)
- • Highest Revenue per Employee among major OTAs at ₹9.2 million(p.226)
- • Dominant market share in train bookings at 46.15% in FY2023(p.222)
- • Highest Daily Active Users (DAUs) among OTAs at 12.3 million in September 2023(p.224)
- • 94.39% of transactions driven from Tier II/III cities, focusing on NBU segment(p.221)
- • Most downloaded travel app with 57.7 million downloads, exceeding all other OTA apps combined(p.221)
- • Market-leading position in rail segment with 51% OTA market share(p.243)
- • Rapid user growth with 77.04 million Monthly Active Users, highest among all OTAs(p.245)
- • Proprietary AI-driven TARA chatbot resolving 88.54% of customer queries without human intervention(p.245)
- • Strong organic growth with 87.57% of users coming from organic channels(p.246)
- • Exceptional focus on 'next billion users' market with 94.39% of bookings from non-Tier I cities(p.244)
- • Diversified revenue model across trains, flights, buses and hotels with GTV growth of 86.04% CAGR(p.246)
- • High repeat transaction rate of 86.06% demonstrating strong customer loyalty(p.246)
- • Second-largest OTA in India by consolidated revenue from operations in Fiscal 2023(p.243)
- • Diversified ticketing platform across multiple transportation modes(p.376)
- • Established technology infrastructure with proprietary software platforms(p.345)
- • Profitable operations with positive earnings per share(p.367)
- • Strong balance sheet with equity of INR 4,371.27 million(p.341)
- • Market-leading position in train ticketing OTA segment(p.410)
- • Second-largest OTA by consolidated revenue in India(p.410)
- • High organic user acquisition reducing customer acquisition costs(p.412)
- • Strong operating leverage with expanding margins(p.417)
- • Highest app engagement among OTA competitors(p.412)
- • Significant user base and strong retention(p.412)
- • Leading position in 'next billion users' market segment(p.410)
- • Diversified ticketing portfolio across multiple travel segments(p.433)
- • Strong revenue growth across all segments(p.436)
- • Significant recovery post-COVID and normalization of travel(p.439)
- • Profitability improvement trend(p.438)
- • Portfolio of registered trademarks(p.457)
- • Positive cash generation from operations(p.444)
Weaknesses
- • Limited OTA operating experience(p.40)
- • Heavy dependence on IRCTC agreement for train ticketing(p.40)
- • IRCTC can terminate agreement at will(p.41)
- • History of net losses(p.42)
- • Rising customer acquisition costs(p.47)
- • Prior security breach of user data(p.43)
- • Statutory audit qualifications on tax compliance delays(p.47)
- • Significant dependence on major travel suppliers concentrating revenue risk(p.59)
- • High customer acquisition costs relative to revenue(p.48)
- • Significant partner support costs limiting profitability(p.50)
- • Historical negative cash flows from operations in prior periods(p.50)
- • Outstanding statutory dues defaults and payment delays(p.61)
- • Performance guarantees to state road transport corporations creating contingent liabilities(p.53)
- • Restrictive financing covenants limiting strategic flexibility(p.63)
- • High dependence on venture capital investors with concentration among few major shareholders(p.131)
- • Company operating with accumulated losses in prior years and current cash burn(p.162)
- • Working capital intensive business requiring significant funding from banks and financial institutions(p.150)
- • Reliance on advance payments to suppliers and inventory pre-buying arrangements(p.150)
- • Significantly lower operating revenues compared to market leader OTA1(p.223)
- • Low market share in flight bookings at only 3.30% in FY2023, declining from 11.70% in FY2021(p.222)
- • Lower operating revenue than second-ranked competitor OTA2 at ₹4.5 billion(p.222)
- • Limited hotel booking presence with recent market entry in December 2023(p.211)
- • Nascent presence in hotel segment with less than 1% market share(p.231)
- • Low airline OTA market share at 5.2% despite growth(p.235)
- • Bus segment represents only second-largest OTA with 11.5% market share, far behind leader at 75%(p.243)
- • High advertising and sales promotion expenses increasing to 23.97% of revenue from operations(p.248)
- • Low gross take rate (7.71%) indicating thin margins on core transactions(p.246)
- • High dependence on customer discounts impacting gross margins(p.365)
- • Significant contingent liability and uncollectible receivables(p.349)
- • Exposure to insolvency of major business partners(p.367)
- • Unrecognized deferred tax assets on carried forward losses(p.363)
- • Loss of control in key subsidiary reducing consolidation benefits(p.347)
- • Exposure to dependent subsidiaries with put options and contingent liabilities(p.391)
- • Low gearing ratio indicates potential underleverage relative to equity(p.405)
- • Recent loss of control in subsidiary FreshBus creating deconsolidation impact(p.394)
- • Dependence on key management personnel with restrictive covenants(p.408)
- • High discount levels in flight ticketing segment(p.433)
- • Dependence on distributor partners for significant business volumes(p.451)
- • Material outstanding dues to creditors(p.454)
- • Litigation risk related to trademark infringement(p.452)
- • Contingent liability from guarantee issued for FreshBus(p.446)
- • Tax proceedings with significant amounts in dispute(p.453)
Opportunities
- • Expected high growth in online travel segment during forecast period(p.75)
- • Expansion into 'next billion user' market segment through targeted marketing(p.48)
- • Inorganic growth through acquisitions and strategic initiatives(p.48)
- • Cloud infrastructure and technology investments enabling scalability(p.65)
- • Increasing online penetration across transportation modes(p.75)
- • Expansion into new travel verticals including tours, holiday packages, activities, travel insurance and ancillary services(p.154)
- • Growth through strategic partnerships and inorganic acquisitions in underserved travel segments(p.154)
- • Planned investments in cloud infrastructure and AI-based technology capabilities(p.153)
- • Significant market penetration opportunity in Tier II/III cities where 94.39% of transactions are already concentrated(p.161)
- • Enhancement of brand and market position through public listing and capital availability(p.148)
- • Massive OTA market growth of 18% CAGR from FY2023 to FY2028, reaching ₹2,802 billion(p.213)
- • Hospitality segment fastest growing for OTAs at 17% CAGR, expected to reach ₹517 billion by FY2028(p.218)
- • Bus segment fastest growing at 18% CAGR, transitioning from 19% to 28% online penetration(p.209)
- • Rail OTA market growing at 15% CAGR, expanding from ₹100 billion to ₹202 billion by FY2028(p.216)
- • Online travel market projected to grow at 13% CAGR to reach ₹3,895 billion by FY2028(p.213)
- • NBU segment represents over 60-65% of overall travel market with significant growth potential(p.182)
- • Internet users in India expected to reach 1,228 million by FY2025, enabling market expansion(p.179)
- • OTA industry projected to grow at 16% CAGR over next 5 years, double the economic growth rate(p.232)
- • Rail and bus segments projected to grow at 17-18% CAGR, driven by OTA penetration in unreserved segment(p.232)
- • 'Next billion users' expected to comprise 50% from Tier II/III cities and 30% from rural India by 2028(p.236)
- • Hotel segment growing at 17% CAGR for OTAs with 15-30% margins, expected to increase OTA share from 75% to 86% by 2028(p.231)
- • Rural internet subscribers expected to grow from 344 million in 2023 to 824 million by 2028 at 18% CAGR(p.244)
- • Cross-sell opportunity for flights through NBU-focused apps with 31.26% of flight bookings from train/bus users(p.237)
- • Vande Bharat and AC coaches in Indian railways increasing cost per ticket, benefiting rail OTAs(p.233)
- • Online travel penetration in hospitality expected to grow from 32% in 2023 to 44% by 2028(p.231)
- • Expansion into new service categories and ancillary revenue streams(p.376)
- • Growing bus ticketing segment with SaaS revenue model(p.376)
- • Advertisement revenue monetization across platforms(p.365)
- • International market penetration(p.365)
- • High growth trajectory of Indian OTA market at 18% CAGR through Fiscal 2028(p.416)
- • Expanding online penetration across travel modes offering growth headroom(p.416)
- • Technology investment to drive operational efficiency and margins(p.417)
- • Strategic acquisition pathway to expand market share and verticals(p.417)
- • Growing 'next billion users' market segment with lower internet penetration(p.415)
- • Growing travel industry following post-COVID normalization(p.442)
- • Expansion potential through strategic acquisitions(p.441)
- • Growing advertisement and ancillary revenue streams(p.439)
- • Expansion of other operating revenue including SaaS offerings(p.439)
- • Investment in electric bus segment through FreshBus(p.438)
Threats
- • Non-exclusive IRCTC arrangement creates competitive exposure(p.41)
- • Technology infrastructure disruption risk(p.41)
- • Regulatory compliance burdens on data protection(p.43)
- • Customer dissatisfaction and reputational risk(p.46)
- • Liability for product refunds and cancellations(p.45)
- • New product rollout execution risk(p.44)
- • Highly competitive OTA industry pressuring margins and market share(p.51)
- • Dependence on IRCTC agreement which could be terminated affecting train ticketing revenues(p.59)
- • Travel industry sensitivity to health crises, safety concerns and catastrophic events(p.60)
- • Regulatory risks including potential government regulation of convenience fees(p.77)
- • Take rates compression across segments due to competition and regulation(p.52)
- • Indian economic slowdown and external market volatility impacting travel demand(p.76)
- • Search engine algorithm changes affecting traffic and user acquisition(p.58)
- • Intense competition in online travel agency sector with multiple established players(p.162)
- • Dependence on advance payments to suppliers exposes company to supplier credit and operational risks(p.150)
- • Variation in utilization of net proceeds subject to changing market and commercial factors(p.149)
- • Uncertainty in identifying and consummating proposed inorganic growth acquisitions and strategic initiatives(p.154)
- • Market leader OTA1 dominates with 60% market share and ₹47.7 billion revenues(p.220)
- • Intense price-based competition in airline segment with thin OTA margins of 7-8%(p.219)
- • Hotel market dominated by single player holding over 50% market share(p.211)
- • IRCTC direct platform captures 80% of online rail bookings, limiting OTA penetration(p.216)
- • Large hotel chains incentivizing direct bookings to counter OTA commissions(p.218)
- • High fragmentation and competitive intensity in intercity bus market with 4,500 private operators(p.206)
- • Global players like Booking.com, Expedia, and Trip.com expanding OTA operations in India(p.220)
- • Highly competitive OTA market with larger, established players like MakeMyTrip having greater resources(p.265)
- • Geopolitical tensions and weak macroeconomic indicators delaying international travel recovery(p.232)
- • Domestic air travel disrupted by airline stoppages reducing available seat volumes(p.232)
- • Increasing competition from international OTAs in hospitality with pricing advantages(p.232)
- • Direct suppliers (airlines and hotels) focusing on bypassing OTAs to reach customers directly(p.232)
- • Rail market shrinkage due to re-initiation of unreserved category reducing reserved ticket volumes(p.229)
- • IRCTC annual maintenance charges and promotional activity fees increasing cost structure(p.258)
- • Cyclicality and volatility in travel and ticketing demand(p.376)
- • COVID-19 pandemic impact on travel and operations(p.342)
- • Intense competition and price pressure in ticketing industry(p.365)
- • Regulatory and compliance risks(p.341)
- • Foreign exchange risk exposure(p.335)
- • Intense competition from established multimodal OTA players(p.418)
- • Direct competition from state-owned IRCTC in rail ticketing(p.418)
- • Economic slowdown could reduce travel demand and OTA growth(p.416)
- • Restrictive covenants on borrowings limit strategic flexibility(p.408)
- • Seasonal revenue fluctuations affecting full-year predictability(p.417)
- • Dependence on technology platform reliability and cyber risks(p.416)
- • Seasonality and cyclicality in travel industry(p.451)
- • Exposure to macroeconomic changes and inflation(p.450)
- • Foreign currency exchange rate volatility(p.449)
- • Competitive operating environment(p.451)
- • Potential failures in obtaining regulatory approvals and licenses(p.456)
- • Loss of control of FreshBus affecting consolidation(p.437)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Our Company does not have an identifiable promoter | N/A | — | — |
| SAIF Partners | Selling Shareholder | — | — |
| Peak XV | Selling Shareholder | — | — |
| Aloke Bajpai | Promoter/Selling Shareholder | — | — |
| Rajnish Kumar | Promoter/Selling Shareholder | — | — |
| SAIF Partners | Promoter Group | 23.37% | — |
| Peak XV | Promoter Group | 15.66% | — |
| Gamnat | Promoter Group | 9.67% | — |
| Rajnish Kumar | Promoter/Director | 8.51% | — |
| Aloke Bajpai | Promoter/Chairman, MD and Group CEO | 8.14% | — |
| Not explicitly named in this part | Promoter/Promoter Group | — | — |
| Aloke Bajpai | Promoter | — | — |
| SAIF Partners | Shareholder holding 15% or more voting rights | 23.37% | — |
| Peak XV Partners | Shareholder holding 15% or more voting rights | 15.66% | — |
| Aloke Bajpai | Chairman, Managing Director & Group CEO | — | — |
| Rajnish Kumar | Director & Group Co-CEO | — | — |
| SAIF Partners India IV Limited | Promoter Group | 23.80% | 23.69% |
| SCI Investments V | Promoter Group | 15.95% | 15.87% |
| Gamnat Pte. Ltd. | Promoter Group | 9.85% | 9.80% |
| Rajnish Kumar | Promoter | 8.70% | 8.63% |
| Aloke Bajpai | Promoter | 8.23% | 8.25% |
| Aloke Bajpai | Promoter | — | — |
| Rajnish Kumar | Promoter | — | — |
| SAIF Partners India IV Limited | Selling Shareholder | — | — |
| Peak XV Partners Investments V | Selling Shareholder | — | — |
Leadership
Aloke Bajpai · Chairman, Managing Director & Group CEO
Rajnish Kumar · Director & Group Co-CEO
Suresh Kumar Bhutani · Group General Counsel, Company Secretary and Compliance Officer
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Le Travenues Technology IPO FAQs
What is the lot size of Le Travenues Technology IPO?
The minimum lot size of Le Travenues Technology IPO is 161 shares. One lot costs ₹14,973 at the cut-off price.
When does Le Travenues Technology IPO open and close?
Le Travenues Technology IPO opened for subscription on 10 Jun 2024 and closed on 12 Jun 2024.
What is the listing date of Le Travenues Technology IPO?
Le Travenues Technology IPO listed on 18 Jun 2024.