Shivani Nyati, Head of Wealth at Swastika Investmart Ltd., noted that Le Travenues Technology Ltd., the company behind popular travel platforms Ixigo and AbhiBus, exceeded pre-listing expectations with a strong stock market debut. The company was listed at Rs. 123.5 per share, marking a significant 48.49% increase over its issue price of Rs. 93. She pointed out that this performance aligned with the overwhelming investor interest during the IPO, which had a subscription rate of 98 times. Nyati highlighted the company's AI-powered operations as a competitive advantage and emphasized its solid foundation in catering to various travel needs, along with its strong revenue and profit growth. She suggested that this successful listing indicates investor confidence in Le Travenues' long-term growth prospects within the online travel sector, advising investors to hold their positions with a stop loss of Rs. 111.
