The Securities and Exchange Board of India (SEBI) has approved the ₹1,600-crore initial public offering (IPO) of Le Travenues Technology, which operates travel platform ixigo. The offer comprises a fresh issue of shares worth ₹750 crore and an offer-for-sale of ₹850 crore. As part of OFS, ixigo Co-founders Aloke Bajpai and Rajnish Kumar will divest stakes worth ₹50 crore each.