Basis of Allotment

THIS ISA PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOTA PROSPECTUS ANNOUNCEMENTAND DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. NOT FFOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY OUTSIDE INDIA. THE EQUITY SHARES OF OUR COMPANY WILL GET LISTED ON THE MAIN BOARD PLATFORM OF BSE LIMITED ("BSE') AND NATIONAL STOCK EXCHANGE OF INDIA LIMITED ("NSE'. AND TOGETHER WITH BSE, THE "STOCK EXCHANGES') IN COMPLIANCE WITH CHAPTER II OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED ("SEBI ICDR REEGULATIONS).

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LE TRAVENUES TECHNOLOGY LIMITED

Our Company was incorporated on June 3,2006 as a private limited company under the Companies Act 1956, with the name "Le Travenues Technology Private Limited', pursuant to a certificate of incorporation granted by the Registrar of Companies, National Capital Tenitory of Delhi and Haryana situated at New Delhi. Further to the conversion of our Company to a public limited company and as approved by our Shareholders pursuant to a special resolution dated July 29,2021, the name of our Company was changed to "Le Travenues Technology Limited' and the Registrar ofCompanies, Delhi and Haryana ("RoC*) issued a fresh certificate of incorporation on August 3,2021. For details of changes in the registered office of our Company, see "History and Certain Corporate Matters - Changes in the registered office"on page 268 of the Prospectus of our Company dated. June 12, 2024 ("Prospectus').
Corporate Identity Number: U63000HR2006PLC071540
Registered and Corporate Office: Second Root, Veritas Buidrg, Sector - 53, Golf Course Road, Gumgram 122 002, Haryana, India; Tel: (+91 124) 668 2111
Contact Person: Suresh Kumar Bhutani. Group General Counsel. Company Secretary and Compliance Officer E-mail: mvestors@ixigo.com; Website: www.ixigo.com

THE COMMENCEMENT OF TRADING OF THE EQUITY SHARES OF OUR COMPANY ON THE STOCK EXCHANGES SHALL BE WITH EFFECT FROM JUNE 18.2024. THE COMMENCEMENT OF TRADING OF THE EQUITY SHARES OF OUR COMPANY SHALL BE ON T+3 DAY(T BEING; THE ISSUE CLOSING DATE) IN TERMS OF THE TIMELINES PRESCRIBED UNDER THE SEBI CIRCULAR NO. SEBMO/CFDfl'PD1/CIR'P/2023mO DATED AUGUST 09.2023, WHICH REDUCED THE TIMEUNE FOR LISTING OF EQUITY SHARES IN PUBLIC ISSUE FROM EXISITING T+6 DAYS TO T+3 DAYS.

OUR COMPANY DOES NOT HAVE AN IDENTIFIABLE PROMOTER

Our Company has filed the Prospectus with the RoC and the Equity Shares are proposed to be listed on the Main Board of the National Stock Exchange of India Limited ("NSE") and BSE Limited ("BSE") and the trading will commence on June 18, 2024.

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFERING OF 79,580,899 EQUITY SHARES OF FACE VALUE OF Rs.1 EACH (THE "EQUITY SHARES") OF LETRAVENUES TECHNOLOGY LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF Rs.93.00 PER EQUITY SHARE (THE "OFFER PRICE") AGGREGATING TO 77,401.02 MILLION (THE "OFFER") COMPRISING A FRESH ISSUE OF 12,903,225 EQUITY SHARES AGGREGATING TO 71,200.00 MILLION (THE "FRESH ISSUE") AND AN OFFER FOR SALE OF UP TO 66,677,674 EQUITY SHARES AGGREGATING TO Rs.6,201.02 MILUON (THE "OFFER FOR SALE"), COMPRISING AN OFFER FORSALE OF 19,437,465 EQUITY SHARES AGGREGATING TO 71,807.68 MILLION BY SAIF PARTNERS INDIA IV LIMITED, 13,024,000 EQUITY SHARES AGGREGATING TO 71,211.23 MILLION BY PEAK XV PARTNERS IINVESTMENTS V (FORMERLY KNOWN AS SCI INVESTMENTS V), 11,950,000 EQUITY SHARES AGGREGATING TO Rs. 1,111.35 MILLION BY ALOKE BAJPAI, 11,950,000 EQUITY SHARES AGGREGATING TO 71,111.35 MILLION BY RAJNISH KUMAR, 5,486,893 EQUITY SHARES AGGREGATING TO Rs. 510.28 MILLION BY MICROMAX INFORMATICS LIMITED, 3,048,375 EQUITY SHARES AGGREGATING TO Rs.283.50 MILLION BY PLACID HOLDINGS, 1,333,513 EQUITY SHARES AGGREGATING TO Rs.124.02 MILLION BY CATALYST TRUSTEESHIP UMITED (ERSTWHILE MILESTONE TRUSTEESHIP SERVICES PRIVATE LIMITED) AS THE TRUSTEE OF MADISON INDIA OPPORTUNITIES TRUST FUND AND 447,428 EQUITY SHARES AGGREGATING TO 741.61 MILLION BY MADISON INDIA CAPITAL HC (COLLECTIVELY, THE "SELLING SHAREHOLDERS", AND SUCH EQUITY SHARES, THE "OFFERED SHARES"). THE OFFER SHALL CONSTITUTE 20.54% OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.

 

DETAILS OF THE OFFER FOR SALE BY THE SELLING SHAREHOLDERS
Name of Selling Shareholder Type Number of Equity Shares of face value of Rs.1 each offered/amount Weighted average cost of acquisition Per Equity Shares (in Rs.)
SAIF Partners India IV Limited Selling Shareholder 19,437,465 Equity Shares aggregating to Rs. 1,807.68 million 7.14
Peak XV Partners Investments V (formerly known as SCI Investments V) Selling Shareholder 13,024,000 Equity Shares aggregating to Rs. 1,211.23 million 11.32
Aloke Bajpai Selling Shareholder 11,950,000 Equity Shares aggregating to Rs. 1,111.35 million 0.86
Rajnish Kumar Selling Shareholder 11,950,000 Equity Shares aggregating to Rs. 1,111.35 million 0.37
Micromax Informatics Limited Selling Shareholder 5,486,893 Equity Shares aggregating to Rs.510.28 million 8.55
Placid Holdings Selling Shareholder 3,048,375 Equity Shares aggregating to Rs.283.50 million 81.00
Catalyst Trusteeship Limited (erstwhile Milestone Trusteeship Services Private Limited) as the trustee of Madison India Opportunities Trust Fund Selling Shareholder 1,333,513 Equity Shares aggregating to Rs.124.02 million 69.45
Madison India Capital HC Selling Shareholder 447,428 Equity Shares aggregating to Rs.41.61 million 81.00
ANCHOR INVESTOR OFFER PRICE: Rs. 93 PER EQUITY SHARE OF FACE VALUE OF EACH OFFER PRICE:

Rs.93 PER EQUITY SHARE OF FACE VALUE OF EACH

THE OFFER PRICE IS 93 TIMES OF THE FACE VALUE OF THE EQUITY SHARES
RISKS TO INVESTORS

Financial Risk:

• We have had net losses, negative earnings per share ("EPS") and return on net worth ("RoNW") in the past. We need to generate and sustain increased revenues while managing our expenses to achieve profitability, and our inability to achieve these goals may have an adverse effect on our business, results of operations, cash flows and financial condition. For Fiscal 2022, our restated loss, EPS (basic and diluted) and RoNW for the year was Rs.(210.94) million, (0.66) and (7.15)%, respectively.

• Negative Cash Flows: We have had negative cash flows in the past and our net cash flow used in operating activities for Fiscal 2022 and 2021 are Rs.(343.49) million and Rs.(151.84) million, respectively.

Business Risk.:

• Brand Risk: If we fail to maintain and enhance our brands or maintain the quality of customer service, we may face difficulty in maintaining and acquiring users and business partners. Our marketing efforts may also be ineffective. Our advertising and sales promotion expense, as a percentage of revenue from operations for nine months ended December 31,2023 and December 31,2022 and Fiscals 2023,2022 and 2021, were 23.97%, 18.95%, 18.58%, 15.15% and 6.36%, respectively.

• Business Experience Risk: In December 2023, we have launched a hotel booking section on our website and apps. We cannot assure you that our hotels business will be successful or that we will enjoy the same brand recognition as in our other more established businesses.

• Growth Risk: We have experienced growth over nine months ended December 31,2023 and December 31,2022 and Fiscals 2023,2022 and 2021. Our revenue from operations increased by 180.00% between Fiscal 2021 and Fiscal 2022 while they increased by 32.05% between Fiscal 2022 and Fiscal 2023. We cannot assure you that our growth strategy will be successful or that we will be able to continue to expand further, or at the same rate.

• In relation to certain of our products, we are also liable for customer refunds, cancellation and rescheduling charges. Customer refunds/ cancellation costs incurred by us, as a percentage of revenue from operations for nine months ended December 31,2023 and December 31,2022, and Fiscals 2023,2022 and 2021, were 19.42%, 19.64%, 19.48%, 16.20% and 3.95%, respectively.

Competition Risk:

• The Indian OTA industry is highly competitive. Our market share of the overall OTA market by GTV was 6.52% and 5.88% in the nine months ended December 31, 2023 and December 31, 2022, respectively, while it was 6.01%, 11.72% and 9.24% in Fiscal 2023,2022 and 2021, respectively, (Source: F&S Report) on account of our limited operating history as an OTA.

• Some of our travel suppliers may reduce or eliminate the commission, incentive and other compensation they pay to us for the sale of tickets and this could adversely affect our business, cash flows and results of operations. Our Gross Take Rate for the years/periods:

Particulars Nine Months ended December 31,2023 Nine Months ended December 31,2022 Fiscal

2023

Fiscal

2022

Fiscal

2021

(Percentages)
Gross Take Rate - Flights (%) 8.25% 11.05% 11.02% 8.85% 7.50%
Gross Take Rate - Trains (%) 6.57% 6.30% 6.37% 6.78% 5.47%
Gross Take Rate - Bus (%) 10.99% 10.10% 10.32% 8.66% 6.95%

Supplier Concentration Risk:

• Our arrangement with IRCTC for train ticketing services is on a non-exclusive basis and IRCTC may engage with other distribution partners including our competitors. The train ticketing revenue as percentage of gross ticketing revenue for nine months ended December 31, 2023 and December 31, 2022 and Fiscals 2023, 2022 and 2021 were 45.30%, 46.58%, 46.83%, 47.13% and 21.15%, respectively.

• We are dependent on limited suppliers and distributors for a significant portion of our revenue from operations. The revenues from operations generated from our top two suppliers as a percentage of revenue from operations for nine months ended December 31,2023 and December 31,2022 and Fiscals 2023,2022 and

2021 was 65.62%, 65.32%, 65.91%, 68.70% and 55.20%, respectively.

Technology risk:

• Unavailability or slowdown of our mobile applications, websites, or other systems and the disruption in our services, or those of our partners could reduce the volume of our business and make our services less attractive to users.

• Inability to adapt our OTA Platform, products and services to the changes in technologies and internet user behavior may adversely affect our competitiveness and future success.

• Our business depends on our relationships with banks and payment gateway service providers and are exposed to risks associated with the online payments. The revenue derived from payments effected through credit cards, debit cards, internet banking, wallets, UPI and other online payment options, as a percentage of revenue from operations for nine months ended December 31,2023 and December 31,2022 and Fiscals 2023,

2022 and 2021 was 92.11%, 92.88%, 93.17%, 95.35% and 93.13%, respectively.

• We could be negatively affected by changes in Internet search engine algorithms and dynamics, or search engine disintermediation.

Our Company will not receive any proceeds from the Offer for Sale.

Market Risk: The Offer Price, market capitalization to revenue from operations ratio, market capitalization to tangible assets ratio and market capitalization to profit after tax ratio based on the Offer Price of our Company may not be indicative of the market price of the Company on listing or thereafter.

Particulars Market capitalization to revenue from operations ratio* Market

capitalization to tangible assets ratio*A

Market capitalization to profit after tax ratio*
Cap Price** Floor Price Cap Price** Floor Price Cap Price** Floor Price
Our Company 7.19 6.81 779.54 739.03 154.00 146.00
Easy Trip Planners Limited5 16.71 NA 529.95 NA 55.92 NA
Yatra Online Limited5 5.35 NA 443.64 NA 266.46 NA

** In case of the peers, the ratio has been computed based on the dosing market price of their respective equity shares on BSE on June 3, 2024.

Market capitalization has been computed based on the closing market price of equity shares on BSE on June 3, 2024.

Tangible Assets = Sum of property plant and equipment plus capital work in progress plus investment properties. Financial information for Easy Trip Planners Limited is on a consolidated basis and sourced from the audited financial statements for Fiscal 2023, as available on the websites of the Stock Exchanges. Yatra Online Limited was listed on September 28, 2023. Financial information for Yatra Online Limited is derived from the restated consolidated financial information for Fiscal 2023 sourced from its prospectus dated September 21, 2023.

Other Risks;

• The Price to Earnings ratio based on diluted EPS for Fiscal 2023 at the upper end of the Price band is as high as 163.16 as compared to the Price to Earnings Ratio of Nifty 50 index as on June 3,2024 is 22.13.

• The average cost of acquisition of Equity Shares held by the Selling Shareholders ranges from Rs.0.37 to Rs.81.00 per Equity Share, and the Offer Price at upper end of the Price Band is Rs.93.00.

• Weighted Average Return on Net Worth for Fiscals 2023,2022 & 2021 is 4.51%.

Weighted average cost of acquisition of all Equity Shares transacted by the Selling Shareholders and other Shareholders entitled to nominate Directors, in the eighteen months immediately preceding the date of the Prospectus.

Weighted Average Cost of Acquisition (inRs.)1"121 Range of acquisition price: Lowest Price - Highest Price (in Rs.)™ Cap Price is ‘X' times the Weighted Average Cost of Acquisition
89.74 70.00- 95.00 1.04

As certified by Sampat & Mehta, Chartered Accountantsffirm registration number: 109031W), by my of their certificate dated June 12, 2024.

Excluding gift and equity shares allotted pursuant to bonus issue and conversion of preference shares.

Weighted average cost of acquisition, floor price and cap price:

Types of transactions Weighted average cost of acquisition (Rs.per share) Floor price (i.e. Rs.88) Cap price (i.e. Rs.93)
Weighted average cost of acquisition of Primary Issuances 1.25 70.40 times 74.40 times
Weighted average cost of acquisition of Secondary Transactions Not applicable

wAs certified by Sampat & Mehta, Chartered Accountants (firm registration number: 109031W), by way of their certificate dated June 12,2024.

The three BRLMs associated with the Offer have handled 61 public issues in the past three Financial Years, out of which 17 issues closed below the Offer price on the listing date.

Name of the BRLMs Total Issues Issues closed below IPO Price on listing date
Axis Capital Limited* 16 4
DAM Capital Advisors Limited* 8 3
JM Financial Limited* 18 2
Common issues of above BRLMs 19 8
Total 61 17
BID/OFFER PROGRAMME
ANCHOR INVESTOR BIDDING DATE OPENED AND CLOSED ON: FRIDAY, JUNE 7, 2024
BID/OFFER OPENED ON: MONDAY, JUNE 10, 2024
BID/OFFER CLOSED ON: WEDNESDAY, JUNE 12, 2024

The Offer was made in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBIICDR Regulations. The Offer was made through the Book Building Process, in compliance with Regulation 6(2) of the SEBI ICDR Regulations, wherein not less than 75% of the Offer was made available for allocation on a proportionate basis to QIBs (the ‘QIB Category'). Our Company in consultation with the BRLMs, allocated up to 60% of the QIB Category to Anchor Investors, and the basis of such allocation was on a discretionary basis, in consultation with the BRLMs, in accordance with SEBI ICDR Regulations (the ‘Anchor Investor Portion'), of which one-third was reserved for domestic Mutual Funds, subject to valid Bids having been received from domestic Mutual Funds at or above the price at which Equity Shares were allocated to Anchor Investors and on under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares were added to the QIB Category (excluding the Anchor Investor Portion). Further, 5% of the QIB Category (excluding the Anchor Investor Portion) was made available for allocation on a proportionate basis to Mutual Funds only and the remainder of the QIB Category was made available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids having been received at or above the Offer Price. Further, not more than 15% of the Offer was made available for allocation to Nils (‘Non-lnstitutional Category') of which one-third of the Non-lnstitutional Category was made available for allocation to Bidders with a Bid size of more than Rs.200,000 and up to Rs.1,000,000 and two-thirds was made available for allocation to Bidders with a Bid size of more than Rs.1,000,000 provided that under-subscription in either of these two sub-categories of Non-lnstitutional Category was allocated to Bidders in the other sub-category of Non-lnstitutional Category in accordance with the SEBI ICDR Regulations, subject to valid Bids having been at or above the Offer Price. However, if the aggregate demand from Mutual Funds was less than 5% of the QIB Category (excluding the Anchor Investor Portion), the balance Equity Shares available for allocation in the Mutual Fund Portion were added to the remaining QIB Category (excluding the Anchor Investor Portion) for proportionate allocation to QIBs. Further, not more than 10% of the Offer was made available for allocation to Rlls in accordance with the SEBI ICDR Regulations, subject to valid Bidshaving been received at or above the Offer Price. All Bidders (other than Anchor Investors) were required to participate in this Offer through the Application Supported by Block Amount ("ASBA") process and were required to provide details of their respective bank account (including UPI ID for UPI Bidders (defined hereinafter)) in which the Bid Amount was blocked by the SCSBs or the Sponsor Banks, as the case may be. Anchor Investors were not permitted to participate in the Offer through the ASBA process. For details, specific attention is invited to 'Offer Procedure' on page 485 of the Prospectus.

The Bidding for Anchor Investors opened and closed on Friday, June 7, 2024. Our Company received 23 applications from 20 Anchor Investors (including 4 domestic mutual funds through 7 Mutual Fund schemes) for 4,01,12,345 Equity Shares. The Anchor Investor Offer Price was finalized at T93 per Equity Share. A total of 3,58,11,405 Equity Shares were allocated under the Anchor Investor Portion aggregating to ^333,04,60,665.

The Offer received 22,63,561 applications for 432,61,24,740 Equity Shares (prior to rejections) resulting in 98.84 times subscription. The details of the applications received in the Offer from various categories are as under (before rejections):

SR. NO. CATEGORY NO. OF APPLICATIONS NO. OF SHARES RESERVED NO OF TIMES SUBSCRIPTION AMOUNT (X)
A Retail Individual Bidders 20,16,209 45,04,46,605 79,58,089 56.60 41,89,01,18,753
B Non-Institutional Bidders - More than Rs.2 lakhs and uptoRs.10 lakhs 1,66,558 39,75,56,817 39,79,045 99.91 36,97,18,11,702
C Non-Institutional Bidders - More than Rs.10 lakhs 80,631 94,14,24,638 79,58,089 118.30 87,55,21,17,974
D Qualified Institutional Bidders (excluding Anchors Investors) 163 2,53,66,96,680 2,38,74,271 106.25 2,35,91,27,91,240
Total 22,63,561 4,32,61,24,740 4,37,69,494 98.84 4,02,32,68,39,669

Final Demand

A summary of the final demand as per BSE and NSE as on the Bid/Offer Closing Date as at different Bid prices is as under:

SR. NO. BID PRICE NO. OF EQUITY SHARES % TO TOTAL CUMULATIVE TOTAL CUMULATIVE % OF TOTAL
1 88 26,81,133 0.06 26,81,133 0.06
2 89 5,70,584 0.01 32,51,717 0.07
3 90 20,00,264 0.05 52,51,981 0.12
4 91 15,82,147 0.04 68,34,128 0.15
5 92 15,16,137 0.03 83,50,265 0.19
6 93 4,03,36,73,875 90.90 4,04,20,24,140 91.08
7 9999 39,56,55,729 8.92 4,43,76,79,869 100.00
TOTAL 4,43,76,79,869 100.00

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being the BSE on June 13, 2024.

A. Allotment to Retail Individual Investors (after rejections) (including AS BA Applications)

The Basis of Allotment to the Retail Individual Investors, who have bid at the Cut-Off Price or at the Offer Price of T93 per Equity S hare, was finalized in consultation with the BSE. This category has been subscribed to the extent of 54.44 times. The total number of Equity Shares Allotted in the Retail Portion is 79,58,089 Equity Shares to 49,429 successful Retail Individual Investors. The category-wise details of the Basis of Allotment are as under:

SR. NO. CATEGORY NO. OF APPLICATIONS RECEIVED % OF TOTAL TOTAL NO. OF EQUITY SHARES APPLIED %TO

TOTAL

NO. OF EQUITY SHARES ALLOTTED PER BIDDER RATIO TOTAL NO. OF EQUITY SHARES ALLOTTED
1 161 17,26,972 88.94 27,80,42,492 64.18 161 7:275 70,78,043
2 322 99,097 5.10 3,19,09,234 7.37 161 7:275 4,06,203
3 483 33,557 1.73 1,62,08,031 3.74 161 7:275 1,37,494
4 644 14,434 0.74 92,95,496 2.15 161 7:275 59,087
5 805 15,065 0.78 1,21,27,325 2.80 161 7:275 61,663
6 966 6,799 0.35 65,67,834 1.52 161 7:275 27,853
7 1127 7,377 0.38 83,13,879 1.92 161 7:275 30,268
8 1288 3,295 0.17 42,43,960 0.98 161 7:275 13,524
9 1449 2,855 0.15 41,36,895 0.95 161 7:275 11,753
10 1610 9,057 0.47 1,45,81,770 3.37 161 7:275 37,191
11 1771 1,413 0.07 25,02,423 0.58 161 7:275 5,796
12 1932 1,493 0.08 28,84,476 0.67 161 7:275 6,118
13 2093 20,268 1.04 4,24,20,924 9.79 161 7:275 83,076
5466 Allottees from Serial no 2 to 13 Additional 1(one) share 1 20:5466 20
TOTAL 19,41,682 100.00 43,32,34,739 100.00 79,58,089

B. Allotment to Non-lnstitutional Investors (more than Rs.200,000 and up toRs. 1.000,000) (after rejections) (including ASBA Applications)

The Basis of Allotment to the Non-lnstitutional Investors (more than Rs.200,000 and up to Rs.1,000,000), who have bid at the Offer Price of ^93 per Equity Share or above, was finalized in consultation with the BSE. This category has been subscribed to the extent of 97.95 times. The total number of Equity Shares Allotted in this category is 39,79,045 Equity Shares to 1,765 successful Non-lnstitutional Investors (more than Rs.200,000and up toRs. 1,000,000). The category-wise details of the Basis of Allotment are as under (Sample):

SR NO. CATEGORY NO. OF APPLICATIONS RECEIVED % OF TOTAL TOTAL NO. OF EQUITY SHARES APPLIED % TO TOTAL NO. OF EQUITY SHARES ALLOTTED PER APPLICANT RATIO TOTAL NO. OF EQUITY SHARES ALLOTTED
1 2,254 152438 93.27 34,35,95,252 88.16 2,254 2:185 37,12,338
2 2,415 2766 1.69 66,79,890 1.71 2,260 30:2766 67,800
3 2,576 666 0.41 17,15,616 0.44 2,260 7:666 15,820
4 2,737 471 0.29 12,89,127 0.33 2,260 5:471 11,300
5 2,898 430 0.26 12,46,140 0.32 2,260 5:430 11,300
6 3,059 232 0.14 7,09,688 0.18 2,260 3:232 6,780
7 3,220 958 0.59 30,84,760 0.79 2,260 10:958 22,600
8 3,381 304 0.19 10,27,824 0.26 2,260 3:304 6,780
9 3,542 99 0.06 3,50,658 0.09 2,260 1:99 2,260
10 3,703 117 0.07 4,33,251 0.11 2,260 1:117 2,260
11 3,864 101 0.06 3,90,264 0.10 2,260 1:101 2,260
12 4,025 210 0.13 8,45,250 0.22 2,260 2:210 4,520
13 4,186 155 0.09 6,48,830 0.17 2,260 2:155 4,520
14 4,347 173 0.11 7,52,031 0.19 2,260 2:173 4,520
15 4,508 699 0.43 31,51,092 0.81 2,260 8:699 18,080
16 4,669 72 0.04 3,36,168 0.09 2,260 1:72 2,260
17 4,830 369 0.23 17,82,270 0.46 2,260 4:369 9,040
18 4,991 71 0.04 3,54,361 0.09 2,260 1:71 2,260
19 5,152 99 0.06 5,10,048 0.13 2,260 1:99 2,260
20 5,313 1252 0.77 66,51,876 1.71 2,260 14:1252 31,640
21 5,474 137 0.08 7,49,938 0.19 2,260 1:137 2,260
22 5,635 88 0.05 4,95,880 0.13 2,260 1:88 2,260
23 6,440 117 0.07 7,53,480 0.19 2,260 1:117 2,260
24 6,762 196 0.12 13,25,352 0.34 2,260 2:196 4,520
25 8,050 104 0.06 8,37,200 0.21 2,260 1:104 2,260
26 9,016 80 0.05 7,21,280 0.19 2,260 1:80 2,260
27 9,660 66 0.04 6,37,560 0.16 2,260 1:66 2,260
28 10,626 411 0.25 43,67,286 1.12 2,260 4:411 9,040
526 All applicants from Serial no 501 to 525 for 1 (one) lot of 2260 shares 2,260 5:548 11,300
527 118 Allottees from Serial no 2 to 526 Additional 1(one) share 27:118 27
TOTAL 163429 100 389753469 100 3979045

C. Allotment to Non-lnstitutional Investors (more than Rs.1,000.000) (after rejections) (including ASBAApplications)

The Basis of Allotment to the Non-lnstitutional Investors (more than Rs.1,000,000), who have bid at the Offer Price of T93 per Equity Share or above, was finalized in consultation with the BSE. This category has been subscribed to the extent of 117.36 times. The total number of Equity Shares Allotted in this category is 79,58,089 Equity Shares to 3,530 successful Non-lnstitutional Investors (more than Rs.1,000,000). The category-wise details of the Basis of Allotment are as under (Sample):

SR. NO. CATEGORY NO. OF APPLICATIONS RECEIVED % OF TOTAL TOTAL NO. OF EQUITY SHARES APPLIED %TO TOTAL NO. OF EQUITY SHARES ALLOTTED PER APPLICANT RATIO TOTAL NO. OF EQUITY SHARES ALLOTTED
1 10,787 74508 93.16 80,37,17,796 86.06 2,254 17:385 74,13,406
2 10,948 926 1.16 1,01,37,848 1.09 2,254 41:926 92,414
3 11,109 458 0.57 50,87,922 0.54 2,254 20:458 45,080
4 11,270 585 0.73 65,92,950 0.71 2,254 26:585 58,604
5 11,431 169 0.21 19,31,839 0.21 2,254 7:169 15,778
6 11,592 151 0.19 17,50,392 0.19 2,254 7:151 15,778
7 11,753 90 0.11 10,57,770 0.11 2,254 4:90 9,016
8 11,914 80 0.10 9,53,120 0.10 2,254 4:80 9,016
9 12,075 97 0.12 11,71,275 0.13 2,254 4:97 9,016
10 12,236 94 0.12 11,50,184 0.12 2,254 4:94 9,016
11 12,397 44 0.06 5,45,468 0.06 2,254 2:44 4,508
12 12,558 32 0.04 4,01,856 0.04 2,254 1:32 2,254
13 12,719 45 0.06 5,72,355 0.06 2,254 2:45 4,508
14 12,880 135 0.17 17,38,800 0.19 2,254 6:135 13,524
15 13,041 99 0.12 12,91,059 0.14 2,254 4:99 9,016
16 13,202 33 0.04 4,35,666 0.05 2,254 1:33 2,254
17 13,363 20 0.03 2,67,260 0.03 2,254 1:20 2,254
18 13,524 52 0.07 7,03,248 0.08 2,254 2:52 4,508
19 13,685 61 0.08 8,34,785 0.09 2,254 3:61 6,762
20 13,846 33 0.04 4,56,918 0.05 2,254 1:33 2,254
21 14,007 34 0.04 4,76,238 0.05 2,254 2:34 4,508
22 14,168 26 0.03 3,68,368 0.04 2,254 1:26 2,254
23 14,329 22 0.03 3,15,238 0.03 2,254 1:22 2,254
24 14,490 30 0.04 4,34,700 0.05 2,254 1:30 2,254
25 14,812 33 0.04 4,88,796 0.05 2,254 1:33 2,254
26 14,973 32 0.04 4,79,136 0.05 2,254 1:32 2,254
27 15,134 17 0.02 2,57,278 0.03 2,254 1:17 2,254
28 15,295 25 0.03 3,82,375 0.04 2,254 1:25 2,254
29 15,456 18 0.02 2,78,208 0.03 2,254 1:18 2,254
30 15,778 22 0.03 3,47,116 0.04 2,254 1:22 2,254
31 15,939 18 0.02 2,86,902 0.03 2,254 1:18 2,254
32 16,100 272 0.34 43,79,200 0.47 2,254 12:272 27,048
33 16,261 38 0.05 6,17,918 0.07 2,254 2:38 4,508
34 17,710 25 0.03 4,42,750 0.05 2,254 1:25 2,254
35 18,837 18 0.02 3,39,066 0.04 2,254 1:18 2,254
36 18,998 18 0.02 3,41,964 0.04 2,254 1:18 2,254
37 19,320 20 0.03 3,86,400 0.04 2,254 1:20 2,254
38 19,481 18 0.02 3,50,658 0.04 2,254 1:18 2,254
39 19,642 28 0.04 5,49,976 0.06 2,254 1:28 2,254
40 19,803 30 0.04 5,94,090 0.06 2,254 1:30 2,254
41 19,964 14 0.02 2,79,496 0.03 2,254 1:14 2,254
42 20,125 28 0.04 5,63,500 0.06 2,254 1:28 2,254
43 20,286 32 0.04 6,49,152 0.07 2,254 1:32 2,254
44 20,930 12 0.02 2,51,160 0.03 2,254 1:12 2,254
45 21,252 20 0.03 4,25,040 0.05 2,254 1:20 2,254
46 21,413 29 0.04 6,20,977 0.07 2,254 1:29 2,254
47 21,574 183 0.23 39,48,042 0.42 2,254 8:183 18,032
48 21,735 56 0.07 12,17,160 0.13 2,254 2:56 4,508
49 22,057 23 0.03 5,07,311 0.05 2,254 1:23 2,254
50 22,540 37 0.05 8,33,980 0.09 2,254 2:37 4,508
51 22,701 13 0.02 2,95,113 0.03 2,254 1:13 2,254
52 23,345 18 0.02 4,20,210 0.04 2,254 1:18 2,254
53 24,150 40 0.05 9,66,000 0.10 2,254 2:40 4,508
54 24,633 15 0.02 3,69,495 0.04 2,254 1:15 2,254
55 24,794 16 0.02 3,96,704 0.04 2,254 1:16 2,254
56 26,726 13 0.02 3,47,438 0.04 2.254 1:13 2,254
57 27,853 17 0.02 4,73,501 0.05 2,254 1:17 2,254
58 28,980 13 0.02 3,76,740 0.04 2,254 1:13 2,254
59 30,912 14 0.02 4,32,768 0.05 2,254 1:14 2,254
60 31,556 24 0.03 7,57,344 0.08 2,254 1:24 2,254
61 32,200 62 0.08 19,96,400 0.21 2,254 3:62 6,762
62 32,361 44 0.06 14,23,884 0.15 2,254 2:44 4,508
63 34,776 16 0.02 5,56,416 0.06 2,254 1:16 2,254
64 40,250 16 0.02 6,44,000 0.07 2,254 1:16 2,254
65 43,148 18 0.02 7,76,664 0.08 2,254 1:18 2,254
66 48,300 17 0.02 8,21,100 0.09 2,254 1:17 2,254
67 53,774 14 0.02 7,52,836 0.08 2,254 1:14 2,254
68 53,935 17 0.02 9,16,895 0.10 2,254 1:17 2,254
69 54,740 15 0.02 8,21,100 0.09 2,254 1:15 2,254
1272 6,76,200 1 0.00 6,76,200 0.07 2,254 0:1 0
1273 6,92,461 1 0.00 6,92,461 0.07 2,254 0:1 0
1274 7,84,714 1 0.00 7,84,714 0.08 2,254 0:1 0
1275 7,94,213 1 0.00 7,94,213 0.09 2,254 0:1 0
1279 21,50,477 1 0.00 21,50,477 0.23 2,254 0:1 0
1280 30,10,700 1 0.00 30,10,700 0.32 2,254 0:1 0
1281 All applicants from Serial no 1001 to 1280 for 1 (one) lot of 2254 shares 2,254 26:684 58,604
1282 3530 Allottees from Serial no 1 to 1281 Additional 1(one) share 1 5:12 1,469
TOTAL 79976 100 933949247 100 7958089

D. Allotment to QIBs (after rejections)

Allotment to QIBs, who Bid at the Offer Price of T93 per Equity Share or above, has been done on a proportionate basis in consultation with the BSE. This category has been subscribed to the extent of 106.25 times of the Net QIB Portion. As pertheSEBI ICDR Regulations, Mutual Funds were allotted 5% of the Equity Shares of the Net QIB Portion available, i.e., 11,93,714 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were allotted the remaining available Equity Shares i.e., 226,80,557 Equity Shares on a proportionate basis. The total number of Equity Shares allotted in the Net QIB Portion is 238,74,271 Equity Shares, which were allotted to 163 successful QIB Bidders. The category-wise details of the Basis of Allotment are as under:

CATEGORY FIS/BANKS MF'S ICS NBFC'S AIF FPC VC'S TOTAL
ALLOTMENT 80,91,576 19,85,324 4,49,954 42,64,657 19,37,565 71,25,590 19,605 2,38,74,271

E. Allotment to Anchor Investors

Our Company in consultation with the BRLMs, have allocated 358,11,405 Equity Shares to 20 Anchor Investors (through 23 Anchor Investor Application Forms) (including 4 domestic Mutual Funds through 7 schemes) at the Anchor Investor Offer Price of Rs.93 per Equity Share in accordance with the SEBI ICDR Regulations. This represents 60% of the QIB Portion.

CATEGORY FIS/BANKS MF'S IC'S NBFC'S AIF FPC OTHERS TOTAL
ALLOTMENT - 1,20,87,583 5,37,665 14,02,471 20,47.623 1,97,36,063 - 3,58,11,405

The Board at its meeting held on June 13, 2024 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful applicants. The Allotment Advice-cum-Unblocking Intimations and/ or notices have been dispatched to the addresses of the investors as registered with the depositories. Further, the instructions to the Self Certified Syndicate Banks for unblocking of funds, transfers to the Public Offer Account have been issued on June 13, 2024 and payment to non-Syndicate brokers have been issued on June 14, 2024. In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below. The Equity Shares allotted to the successful Allottees have been uploaded on June 14, 2024 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. Our Company has filed the listing application with the BSE and NSE on June 14,2024. Our Company has received the listing and trading approval from BSE and NSE and the trading will commence on June 18, 2024.

Note: All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus.

INVESTORS PLEASE NOTE

The details of the Allotment made will be hosted on the website of the Registrar to the Offer, Link Intime India Private Limited at www.linkintime.co.in

All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the first/ sole Bidder, Bid cum Application Form number, Bidder DP ID, Client ID, PAN, date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares applied for, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below:

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Link Intime India Private Limited
C-101,1st Floor, 247 Park, Lai Bahadur Shastri Marg, Vikhroli (West), Mumbai -400 083, Maharashtra, India
Telephone number: +91 810 811 4949, E-mail: ixigo.ipo@linkintime.co.in, Website: www.linkintime.co.in
Investor grievance e-mail: ixigo.ipo@linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI registration number: INR000004058
For Le Travenues Technology Limited
On behalf of the Board of Directors
Sd /-
Place: Gurugram Suresh Kumar Bhutani
Date: June 14, 2024 Group General Counsel, Company Secretary' and Compliance Officer

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTUS OF LE TRAVENUES TECHNOLOGY LIMITED.

Le Travenues Technology Limited has filed a Prospectus dated June 12,2024 (‘Prospectus') with the Registrar of Companies {‘RoC'). The Prospectus is available on the website of the Company, the SEBI, the BRLMs i.e. Axis Capital Limited, DAM Capital Advisors Limited and JM Financial Limited at www.ixigo.com, www.sebi.gov.in, www.axiscapital.co.in, www.damcapital.in and www.jmfl.com, respectively, as well as on the websites of the stock exchanges at www.nseindia.com and www.bseindia.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the section entitled ‘Risk Factors' beginning on page 33 of the Prospectus.

The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the ‘U.S. Securities Act') or any other applicable law of the United States and, unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, the Equity Shares are being offered and sold only outside the United States in ‘offshore transactions' as defined in, and in reliance on, Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made.

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