NEW DELHI: The initial public offer (IPO) of Easy Trip Planners will open for subscription on Monday, in which the company s promoters seek to raise Rs 510 crore from the primary market.
The issue mostly comprises a share sale by promoters, and the company will not get any amount from the IPO.
In the grey market, shares of the company were trading at a premium as high as 90 per cent, suggesting investors are bullish on its prospect in the secondary market .
Here are key things to know about the issue:
The Easy Trip Planners IPO will open for subscription on Monday, March 8, and close on Wednesday, March 10.
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.
Updated Mar 03, 2021 | 13:36 IST
The IPO market is burgeoning with offers owing to cheap liquidity, right market conditions. Most public offers issued in the first two months of 2021 got oversubscribed multiple times and gave listing gains It s raining IPOs: 10 public issues likely to hit market in March | Photo Credit: Thinkstock
Riding on wave of bull market at least 1o companies have lined up their initial public offers (IPOs) in the month of March.
Among those looking to cash in the exuberance of secondary market include MTAR Technologies, Kalyan Jewellers India, Power Grid Corporation InvIT, Anupam Rasayan, Laxmi Organic Industries, Suryoday Small Finance Bank, Craftsman Automation, Barbeque Nation Hospitality, Nazara Technologies, Aadhar Housing Finance and India Pesticides, among others.
Story
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.