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.
Easy Trip Planners IPO: The shares will be sold in the price band of Rs 186-187 per share, fetching the company Rs 510 crore at the higher end of the price band
NEW DELHI: Easy Trip Planners Rs 510 crore IPO kicked off on Monday.
The issue is entirely an offer for sale (OFS) by two promoters, who are offering Rs 255 crore worth of shares each, in the price band of Rs 186-187. The IPO is valued at 58.7 times the company s FY20 earnings, and 49 times FY21 earnings on an annualised basis.
Analysts said that competition in the industry is fierce, and that they believe it would take the travel industry some time to recover from the Covid-19 blues. The liquidity profiles of the carriers, which continue to remain fragile, are essential to the growth in the company’s revenues, they added.
NEW DELHI: The initial public offer (IPO) of Easy Trip Planners will open for subscription on Monday, in which the company s promoters seek to raise Rs 510 crore from the primary market.
The issue mostly comprises a share sale by promoters, and the company will not get any amount from the IPO.
In the grey market, shares of the company were trading at a premium as high as 90 per cent, suggesting investors are bullish on its prospect in the secondary market .
Here are key things to know about the issue:
The Easy Trip Planners IPO will open for subscription on Monday, March 8, and close on Wednesday, March 10.