NEW DELHI: Online travel company Easy Trip Planners on Wednesday fixed a price band of Rs 186-187 per share for its Rs 510-crore initial share-sale, which will open for public subscription on March 8. The company s IPO is entirely an offer for sale, Easy Trip Planners said in a virtual press conference.
Through the IPO, company s founders Nishant Pitti and Rikant Pitti will each sell shares to the tune of Rs 255 crore through offer-for-sale mechanism.
Nishant Pitti and Rikant Pitti hold 49.81 per cent and 49.68 per cent stake, respectively, in the company.
EaseMyTrip.com is operated by Easy Trip Planners Private Ltd.
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Easy Trip Planners IPO to open on March 8, price band fixed at Rs 186 to Rs 187
Easy Trips plans to collect Rs 510 crore through the IPO which is a complete offer for sale
BusinessToday.In | March 3, 2021 | Updated 13:53 IST
Easy Trip is one of the leading travel agencies in India. The firm offers a range of online traveling services through its website and Ease My Trip android and iOS mobile app.
Online travel agency Easy Trip Planners will launch its initial public offer (IPO) on March 8 this year. The firm has fixed a price band of Rs 186-187 per share. Lot size for the IPO is a minimum of 80 equity shares and in multiples of 80 shares thereafter.