Le Travenues Technology Ltd IPO

The Offer Price, market capitalization to revenue multiple and price to earnings ratio based on the Offer Price of the Company, may not be indicative of the market price of the Company on listing or thereafter.

The company originally commenced operations as a meta search website and subsequently transitioned to become an OTA. The company has limited experience of operating as an OTA. Its 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 its limited operating history as an OTA.

Its train ticketing services depends on its agreement with IRCTC. The termination of the company agreement with IRCTC could preclude it from undertaking its train ticketing services and could otherwise have a material adverse effect on its results of operations, cash flows, financial condition and business prospects.

Its arrangement with IRCTC is on a non-exclusive basis and IRCTC may engage with other distributionpartners including its competitors.

Any failure to maintain satisfactory performance of its technology infrastructure, including the company OTA platforms, particularly those leading to disruptions in its services, could materially and adversely affect the companys business and reputation, and its business may be harmed if its technology infrastructure or technology is damaged or otherwise fails or becomes obsolete.

The company has incurred net losses in the past and its anticipate increased expenses in the companys future. Any loss in future periods could adversely affect its operations and financial conditions and the trading price of its Equity Shares.

The company is subject to privacy regulations, and compliance with these regulations could impose significant compliance burdens.

The company has launched products and features such as ixigo Assured, ixigo Assured Flex and Abhi Assured to improve customer experiences, and the company intend to continue offering new features and products. If the rollout of new products and services, features, improvements and strategies do not meet its objectives or customer expectations, it could adversely impact its business and financial condition.

If the company fails to maintain and enhance its brands ixigo, ConfirmTkt and AbhiBus or if the company fails to maintain the quality of customer service, its may faces difficulty in maintaining existing and acquiring new users and business partners and its business may be harmed.

Its Statutory Auditors have included an emphasis of matter in their report on its audited financialstatements and included certain modifications in the annexure to their report on its audited financial statements.