The issue received bids for 10.85 crore shares as against 1.50 crore shares on offer.
The initial public offer (IPO) of Easy Trip Planners received bids for 10.85 crore shares as against 1.50 crore shares on offer, according to the stock exchange data at 17:00 IST on Tuesday (9 March 2021). The issue was subscribed 7.20 times.
The issue opened for bidding on Monday, 8 March 2021, and it will close on Wednesday, 10 March 2021. The price band for the IPO is set at Rs 186-187 per share. An investor can bid for a minimum lot of 80 equity shares and in multiples thereof.
The IPO comprises an offer for sale (OFS) of equity shares aggregating up to Rs 510 crore (including anchor portion of 1,22,72,727 equity shares). The post issue promoters shareholding in the company would decline to 74.9% from 100%.
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March 08, 2021
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Asian markets in early trade on Monday are up 0.5-1.5%; US markets on Friday closed up 1.55-2%; analysts fear the market may see volatility
The Indian stock markets, after falling a couple of days, are expected to open on a positive note on Monday, thanks to global markets. The SGX Nifty, ruling at 15,080, points to a 130-point gain for Nifty futures, which on Friday closed at 14,953 on the NSE.
Asian markets in early trade on Monday are up in the range of between 0.5 and 1.5 per cent. Australian indices are ruling with the biggest gains on Monday, while China, Japan and Taiwan too are firm. The US markets on Friday too closed up 1.55-2 per cent.
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity benchmarks went in for a rollercoaster ride on Monday as they gave up all gains to close flat with a positive bias.
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Easy Trip Planners IPO subscription begins: Check price band, listing date and more
Online travel company Easy Trip Planners has 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 three-day issue would close on March 10 and the anchor investors portion would be open for subscription on March 5.
EaseMyTrip. com is operated by Easy Trip Planners Private Ltd. The company s initial public offering is entirely an offer for sale.
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.