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Le Travenues Technology Ltd IPO Review

 Le Travenues Technology is a tech company dedicated to helping Indian travelers plan, book, and manage trips by rail, air, bus, and hotel. Their goal is to be the most customer-focused travel company, providing the best experience for their users. They aim to serve the ‘next billion users’ market, focusing on travel convenience, cost-efficiency, and a culture of innovation.

Their OTA platforms let travelers book train, flight, and bus tickets and hotels. They offer tools and services developed with their unique algorithms and crowd-stirred info, such as PNR status checks, train seat availability alerts, running status updates, delay predictions, alternate route planning, flight status updates, automated check-in, bus status updates, pricing alerts, deal discovery, destination content, personalized recommendations, instant fare alerts for flights, an AI-based travel itinerary planner, and automated customer support.

Le Travenues Technology Limited Products and Services

Le Travenues Technology Limited's goal is to be the most customer-focused travel company by providing the best user experience. They target the 'next billion users' market with a focus on technology, cost-efficiency, and innovation. Their platform lets travelers book train, flight, and bus tickets and hotels. They offer tools like PNR status checks, seat availability alerts, train running updates, delay predictions, and alternate route planning, all developed using their algorithms and crowd-stirred information.

Le Travenues Technology Limited products and services are strategies are Leading online travel agency ("OTA"), with significant penetration in the underserved ‘next billion user’ market segment, Artificial intelligence ("AI") and technology-driven operations, Established consumer travel brands built with user-first approach, Diversified business model with significant operating leverage and organic flywheel, Experienced management team with lean organization structure. Their Strategies are to Continue to deepen penetration and enhance their offerings for the ‘next billion user’ market segment, increase monetization through cross-selling and up-selling, Improve operating leverage through investment in deep tech and artificial intelligence, Drive value creation through selective strategic partnerships and acquisitions, their Ecosystem and Online Travel Agency Platforms. 

Financial Overview

The company is one of the fastest-growing OTA players and is popular under the IXIGO brand. Despite a setback in FY22 due to the pandemic, it has been growing again from FY23 onwards. In the first nine months of FY24, the company included Rs. 29.72 crore for an exceptional item in its earnings. Even without this, it smothered growth in its earnings. Based on the annualized FY24 earnings, the investment seems fairly priced. Investors may want to consider it for long-term gains.