Le Travenues Technology Limited has released the Monitoring Agency reports for the quarter ended March 31, 2026. These reports cover the utilization of funds raised through both the Initial Public Offer (IPO) and the Preferential Issue. The assessments confirm that the utilization of proceeds remains consistent with the objects stated in the respective offer documents, with no material deviations noted in the deployment of capital for corporate, growth, and working capital needs.
Initial Public Offer Fund Utilization
As per the report from ICRA Limited, the funds raised from the Initial Public Offer continue to be utilized in line with the objectives specified at the time of issuance. The actual net proceeds stood at ₹112.671 crore, reflecting a minor adjustment due to lower-than-anticipated offer-related expenditure. Key allocations include ₹45 crore for working capital requirements and ₹25.8 crore for investments in technology and data science. As of the end of Q4 FY2026, ₹43.437 crore has been deployed toward working capital, and significant portions have been utilized for inorganic growth initiatives, including the acquisition of a stake in Zoop Web Services Private Limited.
Preferential Issue Fund Utilization
The report from CARE Ratings Limited regarding the Preferential Issue of ₹1,295.56 crore highlights robust utilization during Q4 FY2026. The company utilized ₹366.71 crore during the quarter for various growth objectives. Specifically, ₹133.45 crore was directed toward customer inducements and promotions for flight and bus bookings, while ₹22.32 crore was allocated to general corporate purposes, including employee-related expenses. Additionally, the company successfully executed a share purchase agreement to acquire a 60% stake in Trenes (Spain) and a 45.02% stake in Sqaas (Spain).
Investment of Unutilized Proceeds
The company maintains a prudent approach to the management of remaining funds. As of March 31, 2026, the unutilized portion from the Preferential Issue was deployed in a mix of Fixed Deposits and Mutual Funds, with a total market value of ₹744.02 crore. The treasury portfolio is diversified across major banking institutions, ensuring liquidity while generating yields that support the company’s long-term strategic and operational requirements.
Source: BSE
