Ixigo Shares Gain 4% Ahead of Board Meeting over Fundraising Proposal

Gurugram, October 9, 2025: Le Travenues Technology Ltd (NSE: IXIGO, BSE: 544192) shares rose more than 4% on Thursday morning trade. This surge was seen as investors welcomed the news of an impending board meeting on October 10, 2025, with a view to considering a possible fundraising proposal.

Headquartered in Gurugram, Le Travenues Technology operates the Ixigo platform, an AI-driven travel booking aggregator offering flight, train, and bus ticket reservations, along with itinerary planning. Since its listing in June 2024, the company has been part of the Nifty Microcap 250 index and continues to focus on expanding its digital travel business in India.

Fundraising Plans Under Consideration

The board is expected to review proposals to raise capital through approved channels, such as a qualified institutional placement (QIP) or a preferential allotment. The funds raised would support the company’s strategic initiatives and strengthen its financial flexibility. Additionally, the board may decide to convene an extraordinary general meeting (EGM) to secure shareholders’ approval for the proposed offering.

Market Reaction

At 11:55 a.m. IST, Ixigo shares were trading at ₹307.20, up 4.17% from the previous close of ₹294.90. The stock has a 52-week range of ₹117 to ₹329.75 and a market capitalisation of ₹11,878.03 crore. During the session, the stock moved between ₹289 and ₹305, with 20.29 lakh shares changing hands, signalling strong investor interest ahead of the board’s upcoming decision.

Trading Restrictions

The trading window for insiders and designated persons of the company remains closed under SEBI’s insider trading regulations until 48 hours after the announcement of Q2 FY26 results, which are expected on or before 14 November 2025.

REF: https://nsearchives.nseindia.com/corporate/IXIGO_07102025232529_Announcement_Reg_29_Board_Meeting_07102025.pdf

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