Easy Trip Planners IPO opens for subscription: Check issue price, GMP, other details; should you subscribe?
Easy Trip Planners IPO is entirely an offer for sale (OFS) by two promoters, Nishant Pitti and Rikant Pittie, who will sell up to Rs 255 crore worth of shares each
BusinessToday.In | March 8, 2021 | Updated 12:23 IST
Easy Trip Planners opens for subscription today
The Rs 510-crore initial public offer (IPO) of Easy Trip Planners opened for bidding today. The three-day IPO, which will close on March 10, is entirely an offer for sale (OFS) by two promoters, Nishant Pitti and Rikant Pittie, who will sell up to Rs 255 crore worth of shares each. While Nishant holds 49.81 per cent stake in the company, Rikant owns 49.68 per cent in the company.
The fund’s longer term track record is healthy, but it has struggled since 2017 -lagging behind both index and peers. The presence of a proven hand at the helm provides some comfort yet the fund’s deteriorating risk profile is a worry.
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MTAR Tech raises $24m from 15 anchor investors ahead of Indian IPO
IPO
March 3, 2021
Hyderabad-based MTAR Technologies raised ₹179 crore from 15 anchor investors a day prior to its issue opening for public bidding. The company informed the bourses that it has allocated 3.11 million shares at Rs. 575 per share on 2 March, to the anchor investors.
The issue will open on Wednesday and closed on 5 March. The company plans to raise ₹597 crore via IPO. It has fixed a price band of ₹574-575 per share.
Nomura Funds Ireland, Jupiter South Asia Investment, White Oak Capital and Goldman Sachs India, four foreign investors who invested in the anchor, allotted 0.17 million shares each for approximately ₹10 crore.