Ahmedabad, Le Trevenues Technologies Limited (ixigo) will open its bid/offer for its IPO of equity shares on Monday, June 10, 2024. Each of the total offer size Rs. Includes fresh issue of 1 equity shares valued at Rs. 1,200 million (fresh issue) and by the selling shareholders (as mentioned below) each of Rs. There is an offer for sale (offer for sale) of up to 66,677,674 equity shares of face value of Rs.
Le Travenues Technology Limited Initial Public Offer to open on June 10, 2024
The anchor investor bidding date will be Friday, June 7, 2024. Bids/offers will open on Monday, June 10, 2024 and close on Wednesday, June 12, 2024. The price band of the offer per equity share is Rs. 88 to 93. Bids may be made for a minimum of 161 equity shares and in multiples of 161 equity shares thereafter.
The offer for sale consists of up to 1,94,37,465 equity shares by Saif Partners India Limited, up to 1,30,24,000 equity shares by Peak XV Partners, (formerly known as SCI Investments V), up to 1,19,50,000 equity shares by Rajnish Kumar. , up to 54,86,893 equity shares by Micromax Informatics Limited, up to 30,48,375 equity shares by Placid Holdings,
Offer for sale of up to 13,33,513 equity shares by Catalyst Trusteeship Limited (formerly Milestone Trusteeship Services Private Limited) as Trustee of Madison India Opportunities Trust Fund and up to 4,47,428 equity shares by Madison India Capital HC (collectively, the “Selling Shareholders”). Included.
These Equity Shares are being offered through a Red Herring Prospectus of the Company filed with the Registrar of Companies, Delhi and Haryana at New Delhi (“RHP”) on June 4, 2024 and listed on BSE Limited (“BSE”) and the National Stock Exchange of India. Ltd. (“NSE”) is proposed to be listed.
This offer is being made in terms of Rule 19(2)(b) of SCRR read with Regulation 31 of SEBI ICDR Regulations. The offer is being made through a book building process in compliance with Regulation 6(2) of SEBI ICDR Regulations, whereby a maximum of 75 per cent of the offer will be available for allocation to QIBs (QIB Category) on a pro rata basis in which the Company may allocate anchor investors to QIBs in discussion with BRLM (as mentioned below). can allocate up to 60 per cent of the category and the basis of this allocation will be on a discretionary basis
which will be discussed with BRLM in compliance with SEBI ICDR Regulations (Anchor Investor Portion) of which one-third will be reserved for local mutual funds subject to valid bids received from local mutual funds at or above the price at which the equity shares were allotted to the anchor investors. In case of under-subscription or non-allocation in the Anchor Investor Portion, the remaining equity shares will be added to the QIB category (excluding the Anchor Investor Portion).
Further, five per cent of the QIB category (other than Anchor Investors) shall be available for allocation on a pro rata basis only to Mutual Funds and the remaining portion of the QIB portion shall be available for allotment on a pro rata basis to all QIBs (other than Anchor Investors) including Mutual Funds which are received at or above the offer price. Subject to valid bids. If at least 75 percent of the offer is not allocated to the QIB, the entire application amount will be refunded.
In addition, a maximum of 15 percent of the net offer will be available for allocation to NIIs (“Non-Institutional Category”), out of which one-third of the Non-Institutional Category will be Rs. 2,00,000 and above Rs. 10,00,000 shall be reserved for allotment to applicants having application size and two-thirds of such portion shall be Rs. 10,00,000 will be available for allotment to bidders having an application size of Rs.10,00,000 in case of unsubscribed portion in either of these two categories of non-institutional category.
Applicants may be allotted to other sub-categories of non-institutional bidders as per ICDR regulations subject to valid bids received at or above the offer price. Further, if the total demand from mutual funds is less than five percent of the QIB category (excluding Anchor Investor Portion), the equity shares available for allotment to the remaining Mutual Fund Portion will be added to the remaining QIB Category (excluding Anchor Investor Portion) for proportionate allocation to the QIB.
Further, a maximum of 10 percent of the offer will be available for allotment to RIIs as per SEBI ICDR regulations subject to valid bids received at or above the offer price. All Bidders (other than Anchor Investors) Blocked Amount (“ASBA”) It is mandatory to participate in this offer only through the application supported by the process
and their respective bank account details in case of UPI bidders (including UPI ID) in which the respective bid amount is eligible to participate in the offer to self-certified syndicate banks under the UPI mechanism (“SCSB”) will be blocked by to anchor investors ASBA Participating in the anchor investor portion through the process is not permitted. For more details study the Offer Procedures on page 487 of the RHP.
Axis Capital Limited, DAM Capital Advisors Limited and JM Financial Limited are the Book Running Lead Managers (jointly, “BRLM“). All capitalized terms used but not defined herein shall have the meaning ascribed to them in the RHP.
