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NEW DELHI: Easy Trip Planners Rs 510 crore IPO kicked off on Monday.
The issue is entirely an offer for sale (OFS) by two promoters, who are offering Rs 255 crore worth of shares each, in the price band of Rs 186-187. The IPO is valued at 58.7 times the company s FY20 earnings, and 49 times FY21 earnings on an annualised basis.
Analysts said that competition in the industry is fierce, and that they believe it would take the travel industry some time to recover from the Covid-19 blues. The liquidity profiles of the carriers, which continue to remain fragile, are essential to the growth in the company’s revenues, they added.
Around 40% PMSes beat Nifty in November; mid and smallcaps lead the show
Lakewater Advisors Lakewater PMS was the top gainer, rising 30.12 percent on a month-on-month basis.
Image: Pixabay
Indian markets recorded their second-highest monthly gains in November, rising more than 11 percent. Positive developments on the COVID-19 vaccine, record contribution from foreign institutional investors (FIIs) and Democratic Party s win in the US presidential elections helped the Sensex and the Nifty scale record highs but it were the broader markets that stole the show.
The Sensex and Nifty rose about 11.4 percent each in November, while the Nifty midcap and smallcap posted gains of 15.5 percent and 13 percent, respectively. FIIs net bought Rs 65,317.13 crore worth of equities in November, the highest-ever inflow in a single month.