Monitoring Agency Reports for the quarter ended March 31, 2026
IXIGO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Le Travenues Technology Ltd (ixigo) filed Q4 FY2026 monitoring agency reports for two capital raises. For the June 2024 IPO (Rs. 112.67 crore net proceeds), ICRA confirmed 98.4% utilization with Rs. 43.44 crore used for working capital, Rs. 25.8 crore for technology/AI investments (fully deployed), and Rs. 41.87 crore for inorganic growth including a 62% stake acquisition in Zoop Web Services for Rs. 13.80 crore. No material deviations reported. For the November 2025 preferential issue (Rs. 1,295.56 crore), CARE Ratings confirmed Rs. 554.76 crore utilized (42.8%), with Q4 deployment of Rs. 366.71 crore across working capital (Rs. 212.77 crore), organic growth including customer discounts and advertising (Rs. 179.58 crore), and inorganic acquisitions (Rs. 130.16 crore). Two international acquisitions were completed in Q4: 60% stake in Trenes (Spain) for €11.70 million and 45.02% stake in Sqaas (Spain) for €0.45 million. Rs. 740.80 crore remains parked in fixed deposits and mutual funds.
The company is deploying capital as planned with no deviations. The large unutilized balance (Rs. 740.80 crore) from the preferential issue is parked in liquid instruments, indicating ongoing deployment. International acquisitions signal expansion beyond India.