Ixigo IPO subscribed 17 times, GMP soars on Day 3



On the final day of the bidding process, the IPO of Le Travenues Technology, the company behind Ixigo travel platform, was oversubscribed by 17.42 times. The second day saw a subscription of 9.3 times, driven by robust demand from both retail and non-institutional investors.

As of 11:30 am, bids were received for 76,24,09,221 shares, representing 17.42 times the issue size of 4,37,69,494 shares. Retail investors subscribed 28.99 times, while the non-institutional category reached a subscription rate of 42.75 times. Qualified institutional bidders secured 90% of the allocation.