| Name | Le Travenues Technology Limited Unlisted Shares |
|---|---|
| Alias Name | Ixigo |
| Sector | Travel |
| Security Type | Pre-IPO/Unlisted Equity Shares |
| Face Value | ₹ 1 |
| ISIN Code | INE0HV901016 |
| Available in Depository | CDSL & NSDL |
| Ixigo Unlisted Share Price | ₹ 145 Per Equity Share |
| Lot Size | 100 Shares |
| Minimum Investment | ₹ 15000-17000 |
| All Time High | ₹ 225 |
| All Time Low | ₹ 80 |
| Highlights | - Ixigo is a leading Indian travel and hotel booking platform - The platform allows users to compare and book flights, hotels, trains, buses - Ixigo has also invested in e-bus startup FreshBus |
| PAN | AABCL1932G |
Launched in 2007, Ixigo is a technology company focused on empowering Indian travelers to plan, book and manage their trips across rail, air, buses and hotels. Ixigo assist travelers in making smarter travel decisions by leveraging artificial intelligence, machine learning and data science led innovations on their OTA platforms, comprising their websites and mobile applications.
The vision of Ixigo is to become the most customer-centric travel company, by offering the best customer experience to their users. The focus of Ixigo is on travel utility and customer experience for travelers in the ‘next billion user’ segment is driven by technology, cost-efficiency and our culture of innovation has made them India’s leading travel ecosystem for the ‘next billion users’. The OTA platforms of Ixigo allow travelers to book train tickets, flight tickets, bus tickets, hotels and cabs, while providing travel utility tools and services developed using in-house proprietary algorithms and crowd-sourced information, including train PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, flight status updates, bus running status, pricing and availability alerts, deal discovery, destination content, personalized recommendations, instant fare alerts and automated customer support services.
Performance:
In FY21, Ixigo acquired ConfirmTkt, a fast-growing train-focused business, and together, Ixigo became the #1 OTA for train bookings in India with over 42% market share among OTAs by the end of FY21. ixigo was proud to report that Confirmtkt has grown revenues from Rs.372.36 Million in FY21 to Rs.1,282.05 Million in FY22, a 244.30% increase. In FY22, Ixigo also added another important leg to their next billion user growth story, through the acquisition of the bus business of AbhiBus, effectively becoming the second-largest
bus OTA in India. Together, ixigo endeavour’s to drive more synergies in selling buses, trains, and flights across the entire group to the next billion users from Tier 2,3,4 towns in India.
In March 2022, Ixigo touched 5mn daily active users cumulatively across their ixigo trains, ixigo flights, Confirmtkt, and AbhiBus apps and websites. Ixigo have also crossed 8.47mn Monthly Downloads and 55.45 Mn Monthly Active Users in the month of March 2022, making Ixigo
the most downloaded and most used travel app among the prominent travel apps in the country as per data.ai (formerly AppAnnie). In fact, Ixigo was proud to report that both ixigo and Confirmtkt made it to the Top 10 apps by Breakout Downloads globally in 2021 as per data.ai (formerly AppAnnie). ixigo have also been able to improve conversion and cross-sell rates to monetize our large user base better, resulting in rapid growth in transactions and revenues.
(Excerpts from Annual Report FY 2021-22)
Key Growth Drivers of OTA Industry:
The drivers that spur the growth of the economy and individual transportation segments of air, rail, bus, and hospitality are also significant drivers of the OTA industry. Today, travel purchases rank second only to retail shopping, in online shopping in India.
OTA Industry across travel segment is driven by following factors
1. Rising penetration of affordable smartphone users which is expected to reach 829 million by 2022, and 1.1 billion in 2024.
2. Telecommunication companies are expanding 4G services in rural areas with better connectivity and speed such that customers can use apps and easily book tickets online.
3. The exponential growth of UPI and other multiple modes of digital payments have led to convenient and trusted online payments.
4. Consumer browsing habits on the internet show how customers are accustomed to spending many hours online, searching and comparing options before finally making a travel booking.
5. Well accepted value proposition of OTAs of providing information, convenience and customer service as a one-stop shop for travel-related products.
6. The ease of comparison between various travel options across carriers and modes, which augurs well with the price-sensitive nature of the Indian consumer, who is known to respond to even small price differentials.
7. The ability of OTAs to offer competitive pricing on account of higher discounts from OTAs themselves, as well as offers from tie-ups with various banking and payment channels.
The Ixigo Flywheel
iXIGO Services:
Train Tickets:
Ixigo commenced selling train tickets as a B2C ticketing agent having partnered with IRCTC in November 2017.
Ixigo’s agreement with IRCTC allows us to act as a principal service provider on a non-exclusive basis for booking of reserved e-tickets for travel in trains in India through the IRCTC web service, and is valid until April 30, 2023.
Ixigo have been granted an API-based connection access to the Indian Railways’ passenger reservation system online by IRCTC, as a result of which users are allowed to reserve and purchase Indian Railways tickets on a realtime basis.
Ixigo primarily earn revenue from the train tickets booked by users through their platforms in the form of agent service charges and payment gateway fees. In addition, Ixigo earn revenue from advertisements and up-selling and cross-selling our other services, such as ixigo assured.
Flight Tickets:
Ixigo offers flight tickets for domestic travel within India, international travel from and to India, and international travel from and to other countries. Ixigo obtains inventory for flight tickets either through aggregators, and through direct connections to the airlines’ booking systems via API services.
Ixigo primarily earns revenue from the flight tickets booked by users through their platforms in the form of convenience fees, commissions/ net rates assured, rescheduling charges, cancellation charges and incentives.
Commissions/ net rates, assured and incentive payments from airlines, consolidators and credit card companies are generally based on the volume of sales generated by us. In addition, we also earn revenue from advertising and ixigo assured that a user may opt with their travel booking.
Bus Tickets:
The platforms of Ixigo allow users to search for bus tickets based on their preferred travel dates and location across 2,500 bus operators serving over 100,000 routes across India. Ixigo offers their users basic information on the type of bus used, including air conditioned, sleeper and seater, on the relevant route and users are able to select seats, choose from the available boarding points in the relevant city on the routes as well as obtain information on the location of the chosen boarding point.
Hotel Bookings:
Ixigo have collaborated with Booking.com B.V. to offer users the ability to search, compare and book hotels.Users are redirected to the www.booking.com website from their website and mobile apps and hotel bookings directly get consummated on the website of Booking.com B.V.. Users may search for hotels based on their destination and preferred dates for check-in and checkout, and may filter and sort out search results easily by selecting star ratings, specific hotel chains and location. Ixigo earns revenue in the form of commissions from Booking.com
FreshBus aims to provide green mobility solutions to bus operators across India by offering electric bus technology and end-to-end e-mobility solutions. The investment will help Ixigo expand its product offering to include electric bus bookings and build upon its commitment to sustainable travel.
Source: Ixigo Website
At the fifteenth annual general meeting of Ixigo held on July 29, 2021, the shareholders approved the special resolution for raising capital through an initial public offering (IPO). Subsequently, Ixigo filed the draft red herring prospectus (“DRHP”) dated August 12, 2021, with the Securities and Exchange Board of India (“SEBI”). In December 2021, SEBI issued the observation letter, in compliance with which the proposed Ixigo IPO can open for subscription within a period of 12 months from the date of the issuance of the said letter. Due to certain unfavorable market conditions, Ixigo has deferred the plan to raise the capital through a public issue.
Source: Ixigo Annual Report FY2022-23
FY 2023 – A Year of Resurgence for Ixigo in the Travel Industry:
Bounce-Back Year: FY 2023 witnessed a remarkable resurgence for Ixigo in the travel industry, spanning all Ixigo’s business segments.
Post-Pandemic Recovery: By the end of FY 2023, Ixigo had successfully surpassed pre-COVID levels, despite encountering significant supply-side challenges and higher ticket prices.
Sectoral Performance: Various segments within the travel industry, including buses, trains, and hotels, achieved record-high levels in GTV and revenue, showcasing sustained growth.
Financial Success: Ixigo concluded FY2023 with impressive profitability and a robust liquidity position.
Strategic Focus: Ixigo’s strategic emphasis on serving the Next Billion Users not only fueled rapid growth over the past three years but also expanded Ixigo’s EBITDA margin.
Profitability Milestone: Ixigo takes great pride in sustaining profitability and generating positive cash flows, achieving an EBITDA margin of ~8.7% in FY2023.
Revenue Growth: In FY2023, Ixigo’s operating revenue exceeded Rs. 500 crores, representing nearly a five-fold growth compared to Ixigo’s pre-COVID scale.
Current GTV: As of now, Ixigo boasts a gross transaction value run rate of Rs. 10,000 crores annually, with the goal of doubling this figure within the next two years to solidify Ixigo’s market position and expand Ixigo’s reach.
The Way Forward:
Market Position: The recent VIDEC travel industry report reaffirms Ixigo’s position as India’s second-largest OTA by revenue in both FY22 and FY23.
Specialization in Trains: Ixigo has also established itself as the leading OTA for train bookings, with a market share of nearly 50%.
Prominence in Buses: In the bus booking segment, Ixigo proudly holds the distinction of being the second-largest OTA.
Growth Plans: With ambitious growth plans for FY2024, Ixigo strategically positions itself to capitalize on the surging travel demand across Ixigo’s three core business segments: rail, flight, and bus.
Excerpts from Ixigo Annual Report FY 2022-23
Ixigo Video:
Source: Ixigo Youtube Channel
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Revenue from Opertations | 5,012.50 | 3,795.80 | 1,355.66 |
| Other Income | 163.23 | 53.61 | 28.40 |
| Total Income | 5,175.73 | 3,849.41 | 1,384.06 |
| Expenses | |||
| Employee Benefits Expense | 1,262.61 | 951.60 | 347.98 |
| Finance Costs | 9.49 | 28.03 | 15.51 |
| Depreciation and Amortization Expense | 108.15 | 78.43 | 18.85 |
| Other Expenses | 3,462.67 | 2,967.35 | 974.65 |
| Total Expenses | 4,842.92 | 4,025.41 | 1,356.99 |
| Profit/(Loss) before exceptional items and tax | 332.81 | (176) | 27.07 |
| Exceptional Items | 126.07 | - | |
| Profit/(Loss) after exceptional items | 206.74 | (176) | |
| Total tax (income) / expense | (27.22) | 34.94 | (48.26) |
| Profit / (Loss) for the year | 233.96 | (210.94) | 75.33 |
| EPS (In INR) | 0.58 | (0.66) | 0.25 |
*Rates mentioned in the chart are indicative.
The trend indicator above has been derived from the current demand/supply of Ixigo Unlisted Shares. The trend has a tendency to change anytime depending on the market conditions and other events. This indicator must not be construed as any recommendation to buy/sell/hold.
Total Number of Outstanding Shares: 37,12,03,168 (As per Ixigo Annual Report FY2022-23)
Market Cap Scenarios:
At 80 Rs/Share, Ixigo Unlisted Shares values the company at approx. Rs. 2,969 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Ixigo unlisted shares.
At 100 Rs/Share, Ixigo Unlisted Shares values the company at approx. Rs. 3,712 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Ixigo unlisted shares.
At 120 Rs/Share, Ixigo Unlisted Shares values the company at approx. Rs. 4,454 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Ixigo unlisted shares.
Source: Ixigo Annual Report FY 2022-23
| Name | Listing Status |
|---|---|
| Easy Trip Planners (EaseMyTrip) | Listed |
| Thomas Cook (India) | Listed |
Ixigo Dividend:
No Information found for Le Travenues Technology – IXIGO Rights Issue
No information found for Le Travenues Technology – IXIGO Buyback
No information found on Le Travenues Technology – IXIGO shares split
Le Travenues Technology – IXIGO Bonus
Process of Buying Ixigo Unlisted Shares
For detailed buying process, refer here
The minimum lot size for investing in Ixigo Unlisted Shares is 100-200 Shares
The Lock-in period for Ixigo Unlisted Shares will be Six Months. The Lock-in period starts from the date of IPO allotment
As per the SEBI guidelines, lock-in period for Pre IPO shares is six months. The lock-in period starts from the date of allotment of IPO. During the lock-in period, the shares remain in your account but are marked as locked. After six months, the shares automatically gets unlocked and one can sell it normally on stock exchanges like any other listed shares
Yes, buying Ixigo Unlisted Shares is completely legal
You can regularly check the updated price of Ixigo Unlisted Shares at our Website and on our Telegram Channel
We can expect IXIGO IPO in short to medium term
At Unlisted Arena, you can buy Ixigo Unlisted Shares and many such Pre IPO Shares easily at most reasonable rates with a hassle-free process. Unlisted Arena is India’s leading dealer in Unlisted & Pre IPO Shares
You can sell Ixigo Unlisted Shares:
Before IPO: You can sell Ixigo Unlisted Shares before IPO too. You need to have a buyer for this shares. We can also help you to liquidate your holdings of unlisted shares.
After IPO: Once the lock-in period is complete, you can sell the shares on stock exchanges(NSE/BSE) just like any other listed shares
There are two methods to transfer Ixigo Unlisted Shares
Method 1 – Offline Transfer
In this method, you must have a Delivery Instruction Slip (DIS) book which is provided by your broker. All the demat broking companies have its own DIS book. Along with DIS, there is an annexure which is to be submitted by the seller. Annexure too is provided by the demat broking company. After filing DIS and annexure, duly signed by the seller, they are to be handed over to your respective broker. Post that, your broker will process the request and transfer the shares as per details provided
Method 2 – Online Transfer
One can also transfer shares online through E-DIS/Off Market share transfer. The client must check with their respective brokers if they provide such facility. One can also transfer shares through CDSL easiest (for CDSL Demat) and NSDL Speed-E (For NSDL Demat) after registering into it
Yes, Ixigo Unlisted Shares are in demat form just like listed shares. You can buy and store them in your demat account. Like listed shares, Unlisted Shares also have their ISIN code so that you can verify the authenticity of shares
Once the process is complete, Ixigo Unlisted Shares will reflect in your demat account. The shares usually gets reflected in your Depository holdings (DP Holdings). You can check it in your stock brokers app/website. The shares are also shown on your DP transactions and holding statement.
You can also check your holdings in the following:
If you have CDSL Demat Account – CDSL Myeasi app
If you have NSDL Demat Account – NSDL Speed-E
Many investors do ask ‘How to buy Ixigo Unlisted Shares in Zerodha, Angel One, Upstox, etc?’
You can buy Ixigo Unlisted Shares in any demat account with any broking company
When it comes to delivery of unlisted shares- Be assured as Unlisted Arena is the fastest in delivering shares. Once the process is completed, we usually deliver the shares on same day or the next working day. i.e T day or (T+1) working day
Short Term Capital Gains Tax: If unlisted shares are sold in 24 months or less, gains from such sale are taxed at the slab rate
Long Term Capital Gains Tax: If unlisted shares are sold after holding for more than 24 months, gains on such sale will be taxed at 20% after indexation
Tax on Capital Gains on Unlisted Shares that are sold after getting listed: The tax rates will be the same as that on purchase and sale of listed shares.
That is, the long-term gains (shares sold after holding for more than one year) will be taxed at 10% after a threshold of ₹ 1 lakh per financial year.
Short-term gains (gains on selling shares in one year or less) will be taxed at 15%
For listed shares, there are numerous applications and website which shows the market capitalization of shares. But no need to worry, we have included market capitalization scenarios on our website which shows market cap/valuations of the company based on prevailing Unlisted Shares rates. In addition, we have also mentioned total number of shares so that you can easily calculate current market cap quickly without putting much efforts. Click here to see the valuations of Ixigo Pre IPO shares
Quick tip: Market Cap= Total Outstanding shares x Price per share
You can easily check latest developments, news related to Ixigo Unlisted Shares on our website without any sign up or login. Click here to know about latest news and happenings
Unlisted Arena is a prominent name which facilitates Unlisted Shares & Pre IPO Shares safely and securely. All the transactions are done through bank accounts where no third parties are involved. Unlisted Arena always quotes transparent rates and is also known for its fastest delivery of Unlisted Shares and Pre IPO Shares. Unlisted Arena gets featured regularly in India’s top most financial publications. You can check media coverage of Unlisted Arena here
Ixigo is a Pre IPO company. Ixigo has plans to get its stock listed on exchanges. For that purpose, Ixigo has already filed its IPO DRHP with SEBI
Yes, NRIs can also buy and sell Ixigo Unlisted Shares just like domestic investors. But their investment is on a non-repatriable basis
Like any listed shares, Unlisted Shares price is also determined by demand-supply of Unlisted Shares. Higher the demand, higher the price and vice-versa. The rates of Unlisted Shares are also derived from its performance, corporate actions such as declaration of results, bonus, dividend, etc. Another important aspect is share price/valuation of its listed peer. If the listed business is identical, unlisted companies share price/valuation will too be in similar fashion
At Unlisted Arena, we charge Zero Brokerage/Charges. The rates quoted by us are- net rates, i.e., you do not need to pay any brokerage or charges
One can buy Ixigo Unlisted Shares in any demat account – no matter with which broker you have a demat account. There is no need for separate/special demat account for buying Unlisted Shares
Unlisted Arena sources Ixigo Unlisted Shares from existing investors looking to liquidate their investment
Yes, you are eligible to get dividend, bonus and/or any other corporate actions declared by the company. You need to hold the Unlisted Shares in your demat account on the record date declared by the company to be eligible for such corporate actions
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