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.
Read more about Easy Trip Planners IPO to open on Mar 8; price band is Rs 186-187 a share on Business Standard. The size of the initial share sale is Rs 510 crore