Easy Trip IPO subscribed 159 times
March 10, 2021
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.
Moderate gains seen at open, but crude, FPI flow to anchor direction
March 08, 2021
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Asian markets in early trade on Monday are up 0.5-1.5%; US markets on Friday closed up 1.55-2%; analysts fear the market may see volatility
The Indian stock markets, after falling a couple of days, are expected to open on a positive note on Monday, thanks to global markets. The SGX Nifty, ruling at 15,080, points to a 130-point gain for Nifty futures, which on Friday closed at 14,953 on the NSE.
Asian markets in early trade on Monday are up in the range of between 0.5 and 1.5 per cent. Australian indices are ruling with the biggest gains on Monday, while China, Japan and Taiwan too are firm. The US markets on Friday too closed up 1.55-2 per cent.
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Easy Trip Planners IPO subscription begins: Check price band, listing date and more
Online travel company Easy Trip Planners has 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 three-day issue would close on March 10 and the anchor investors portion would be open for subscription on March 5.
EaseMyTrip. com is operated by Easy Trip Planners Private Ltd. The company s initial public offering is entirely an offer for sale.
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.
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.
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