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Market rises for 3rd day, Nifty ends above 15,150 mark
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Easy Trip Planners sold shares in the price band of Rs186 -187 per share and through its IPO and plans to raise ₹ 510 crore at the higher end of the price band. Opening on March 8, Easy Trip Planners IPO subscription window closed today on March 10, remaining open for a period of three days. The shares of the online travel firm are proposed are likely to be listed on the BSE and NSE on March 19, 2021. Easy Trip Planners plans to sustain high growth in air travel by further boosting its international air travel. It also intends to expand its Hotel and Holiday Packages segment which enjoys better margins vis-a-vis air ticketing segment. Thus it recently incorporated subsidiaries in U.K., U.A.E. and Singapore to garner higher share from international travel. The revenue contribution from this segment has increased to 5.4 per cent in FY20 from 2.7 per cent in FY19 and is expected to rise further, Motilal Oswal Retail Research said in a note.
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The 30-share pack Sensex added 254.03 points, or 0.50 per cent, to close at 51,279.51. Its broader peer NSE Nifty advanced 76.40 points, or 0.51 per cent, to 15,174.80.
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NEW DELHI: Progress on the stimulus front in the US re-energised bulls on Dalal Street on Wednesday and lifted benchmark indices higher for the third straight day.
The 30-share pack Sensex added 254.03 points, or 0.50 per cent, to close at 51,279.51. Its broader peer NSE Nifty advanced 76.40 points, or 0.51 per cent, to 15,174.80.
“With technology stocks doing well on Nasdaq, the day clearly belonged to midcap IT as the Street demonstrated increased appetite today for technology. Broader markets witnessed good investor interest in metal stocks. Several smallcap names across sectors were sought after as a lower interest rate scenario is seen beneficial to them,” said S Ranganathan, Head
Easy Trip IPO subscribed 159 times
March 10, 2021
The ₹510-crore initial public offering of Easy Trip Planners has been subscribed 159.30 times on the last day of the issue on Wednesday. The IPO received bids for over 240.23 crore shares as against about 1.51 crore shares on offer, as per data available with BSE till 6.30 pm.
The IPO hit the market at a price range of ₹186-187 a share.
The category meant for qualified institutional buyers (QIBs) was subscribed 77.53 times, while those for non-institutional investors 382.21 times and retail individual investors 70.26 times.
As the IPO is an offer-for-sale from its founder promoters, Nishant Pitti and Rikant Pittie, the entire fund raisedwill go to them.
Easy Trip Planners IPO subscribed 159 33 times
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