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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. ....
Easy Trip Planners IPO allotment status: Here s how to check Top Searches Easy Trip Planners IPO allotment status: Here s how to check TIMESOFINDIA.COM / Mar 17, 2021, 09:04 IST FacebookTwitterLinkedinEMail Key Highlights Check your IPO allotment status on BSE website Easy Trip Planners runs an online travel website EaseMyTrip.com Link and steps to check the IPO allotment status is provided below NEW DELHI: The initial public offering or IPO share allocation of the Easy Trip Planners Private Limited is available on the official website of the BSE. Investors who have applied for the Easy Trip Planners IPO can check the status of share allocation through the official portal of the BSE or click on the direct link provided below for reference: ....
NEW DELHI: A rush of IPOs from businesses good and not so good, and aggressive pricing of such issues are considered important signs of an ageing bull market. Dalal Street has currently been seeing strong subscriptions to all kinds of IPOs, many of which have been deemed aggressively priced. Worse, most of the IPOs with lofty valuations are also commanding strong premia in debut trade. This, some market watchers say, suggests a bubble is building up in the IPO mart. “It’s a no-brainer! Investors are chasing listing gains and are unfazed by valuations. That calls for caution,” say analysts. ....
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. ....
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. ....