Ixigo

Ixigo IPO Buzz: Day 1 vs. Day 2 Drama Unveiled!

Find out the latest on the exciting journey of the Ixigo IPO from Day 1 to Day 2 - subscriptions, GMP, and more!

The Ixigo IPO frenzy continues as Le Travenues Technology Ltd., the parent company of the popular travel booking platform Ixigo, experiences a whirlwind of subscriptions and market dynamics. On Day 1, the IPO garnered strong demand with investors placing bids for 8.55 Cr shares against the 4.38 Cr shares on offer. Retail investors eagerly jumped in, with the IPO fully subscribed on the first day itself. Moving to Day 2, the subscription status stands at an impressive 4.2x, indicating continued investor interest. In the grey market, shares of Ixigo's parent company are trading at a premium of ₹24, adding even more excitement to the mix.

As the IPO progresses, the buzz around Ixigo intensifies with each passing day. Retail investors are closely monitoring the price range of ₹88 to ₹93 per share, with a minimum investment requirement of ₹14973 for bidding for a lot. The strong subscription numbers on both days indicate a positive market outlook for the travel booking platform. Interestingly, the successful IPO of Ixigo contrasts with the recent news of more layoffs at Paytm, showcasing the diverging fates of companies in the current economic landscape.

In a surprising twist, the Ixigo Parent IPO was subscribed 9.31 times on Day 2, reflecting a significant surge in investor confidence. The journey from Day 1's 1.95x subscription to Day 2's impressive increase underscores the growing appeal of Ixigo among investors. The consistent demand and premium in the grey market hint at a promising future for Ixigo's parent company, setting the stage for potential growth and expansion in the travel tech industry.