Nifty, Sensex remain under pressure – Tuesday closing report moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
Sensex makes a U-turn to end 244 pts lower as bulls stare at Covid 2.0 restrictions
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Sensex makes a U-turn to end 244 pts lower as bulls stare at Covid 2.0 restrictionsBy
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Dalal Street failed to hold on to early gains due to weak global cues and the possibility of a stricter lockdown in Maharashtra, said an analyst.
The S&P BSE Sensex index traded in a range of 1,040 points during the day.
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NEW DELHI: Domestic equity benchmarks continued to show volatile moves on Tuesday as the government’s vaccine for all announcement cheered investors but doubts over the country s capacity of Covid-19 vaccines played spoilsport.
NEW DELHI: The share allotment of Easy Trip Planners IPO will be finalised on Tuesday. The Rs 510 crore issue, which was sold between March 8 and 10, was a big hit with investors, as it mopped up bids worth 159.33 times the issue size.
Easy Trip Planners is a travel company, which was ranked second among the key online travel agencies in India in terms of booking volumes during the nine months ended December 31, 2020. The travel company was the only profitable online travel agency among the key online travel agencies in India during FY18-20 in terms of net profit margin.
The company has access to 400 international and domestic flights and around 11 lakh hotels in India and abroad. The travel agency has 96 lakh registered customers and a network of close to 60,000 travel agents.
The issue received bids for 240.27 crore shares as against 1.50 crore shares on offer.The initial public offer (IPO) of Easy Trip Planners received bids for 240.27 crore shares as against 1.50 crore shares on offer, according to the stock exchange data. The issue was subscribed 159.33 times.
The non-institutional investors category was subscribed 382.21 times. The qualified institutional buyers (QIBs) category was subscribed 77.53 times. The retail individual investors category was subscribed 70.40 times.
The issue opened for bidding on Monday, 8 March 2021, and closed on Wednesday, 10 March 2021. The price band for the IPO was set at Rs 186-187 per share.
The IPO comprised 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 promoter s shareholding in the company will decline to 74.9% from 100%.
Easy Trip Planners, Ease My Trip IPO: Subscribed over whopping 159 times - Check allotment status finalisation and listing date msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.