Ixigo IPO Allotment Status Guide: Dates, Links 2024

What investors are checking today

Le Travenues Technology Ltd, which runs the travel booking platform ixigo, is at the centre of attention as investors wait for the IPO allotment to be finalised on June 13, 2024. The book-built issue was open from June 10 to June 12, and the shares are expected to list on June 18, 2024 on both BSE and NSE. The overall subscription reported for the issue was 98.34 times as of the close on June 12. With demand high, many applicants are now focused on confirming whether their bids were uploaded correctly and whether allotment has been received.

This guide compiles the official routes mentioned for bid verification and allotment status checks. It also lists the key dates and the web links investors can use on the exchange portals and the registrar’s site.

Key IPO dates investors should note

The subscription window ran for three days, from June 10, 2024 to June 12, 2024. Allotment finalisation is scheduled for June 13, 2024. The tentative listing date is June 18, 2024, on BSE and NSE. Investors who are trying to confirm application details should also note that bid details on the exchange systems are not instant. According to the exchange bid verification note, bid data becomes available on T+1 day, where T is the date of receipt of the bid on the NSE platform.

A practical deadline also applies to bid visibility. Bid status can be viewed on NSE and BSE for up to 10 days after the IPO closure date. If an investor cannot see the status on one exchange site, the guidance is to check the other exchange portal.

NSE bid verification module: what it shows

NSE’s IPO Bid Verification module is positioned as a simple tool to verify IPO application details uploaded on the exchange bidding system by a member or bank. The key purpose is to let investors confirm that critical details captured in the bid are accurate after upload. If something looks incorrect, the investor can instruct the member or bank to modify the details, if required.

The availability window is clearly defined. Bid details uploaded by the member or bank are available on T+1 day, and remain accessible until 10 days after the issue closure date. The exchange also provides allotment information as provided by the registrar to the issue.

How to check Ixigo IPO allotment status on BSE

BSE provides an online allotment status page where investors can query using application number or PAN. The steps referenced are straightforward and typically take a minute once you have the required identifiers ready.

Steps on BSE:

1. Visit: https://www.bseindia.com/investors/appli_check.aspx
2. Select Equity under Issue Type.
3. Select the issue name from the dropdown (the guide references selecting ixigo or Le Travenues Technology Ltd).
4. Enter your application number and PAN (or either one, as allowed).
5. Complete the captcha and click Search/Submit.

The allotment status should appear on the screen. Investors may download or print the page for records.

How to check Ixigo IPO allotment status on Link Intime

Link Intime India Private Ltd is referenced as the registrar for the issue, and the registrar route is one of the two commonly used online methods for applicants. The steps require selecting the IPO name and entering a bidder identifier such as PAN.

Steps on Link Intime (as referenced in the sources):

1. Visit the Link Intime allotment pages:
   • https://linkintime.co.in/initial_offer/public-issues.html
   • or https://linkintime.co.in/MIPO/Ipoallotment.html
2. Select Ixigo IPO or Le Travenues Technology Limited from the dropdown.
3. Enter PAN details (some flows also mention application number, DP Client ID, or account details).
4. Enter captcha, then click Search/Submit.

The IPO application status should display on-screen, and investors can save or print it.

Checking status on NSE: steps for applicants

NSE also offers an IPO status login path for applicants. The process typically involves selecting the relevant symbol and entering the application number. Some references also mention signing up with PAN, then using username, password, and captcha to proceed.

Steps on NSE:

1. Visit: https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
2. Select the relevant symbol from the dropdown.
3. Enter your application number.
4. Click Get Data.

If the data is not visible immediately, the same guidance applies: check the other exchange portal as well.

Other registrar routes (RTA websites)

Apart from the issue registrar, allotment status can also be checked on Registrar and Transfer Agents (RTA) websites. Examples referenced include MUFG Intime, Bigshare, and Kfintech. These are typically used for public issue-related status checks, depending on which RTA is handling a specific issue.

Referenced links:

• MUFG Intime: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Bigshare: https://www.bigshareonline.com/ipo_Allotment.html
• Kfintech: https://ipostatus.kfintech.com/

Allotment odds and what “1:53 (approx)” implies

Based on retail subscription, the basis of allotment for the Ixigo IPO was referenced as around 1:53 (approx). This is presented as an indicative ratio for retail applicants in the material provided. It helps set expectations in a heavily subscribed issue, where allotment becomes more competitive. Investors should treat this as an approximation and rely on the official allotment status pages for the final outcome.

Issue structure and use of proceeds

The Ixigo IPO is described as a book-built issue with a mix of fresh issue and offer for sale. The fresh issue comprises 1.29 crore shares worth Rs 120 crore, while the offer for sale comprises 6.67 crore shares totalling Rs 620.10 crore. The total issue size is referenced as Rs 740.10 crore.

The proceeds are slated to be used for working capital requirements, investment in cloud infrastructure and technology, and allocation for inorganic growth.

Quick reference table: dates, subscription, and links

Unlisted market reference: Ixigo GMP

The material also references an unlisted market grey market premium (GMP) of Rs 25 for the company’s shares. GMP is a market reference point and not an exchange price, and it is separate from the official allotment process and listing outcome.

What to do if your status is not visible

If your allotment or bid status does not appear on one exchange portal, check the other exchange as suggested. For bid verification, remember the T+1 availability rule on the NSE platform and the 10-day window after IPO closure during which bid status remains viewable. If details appear incorrect, the guidance provided is to contact your member or bank to seek modification where required.

Bottom line

Ixigo’s IPO allotment is scheduled for June 13, 2024, following a June 10 to June 12 subscription window and ahead of the June 18 listing on BSE and NSE. Investors can check allotment status online via the BSE portal, NSE IPO login, or Link Intime’s registrar pages using PAN and application identifiers. Bid verification on the exchange systems is time-bound, with visibility starting T+1 and remaining available up to 10 days after issue closure.