Easy Trip Planners Prospectus: Most revenue comes from air ticketing
March 16, 2021
EasyTrip Planners Ltd. listed publicly last week with an offer of ₹510 crore, with the issue being entirely an offer for sale. Founders Nishant and Rikant Pitti, who hold more than 49% stake each, will sell shares to the tune of ₹255 crore each. The IPO of the company, which operates EaseMyTrip.com, was subscribed 160 times on the final day. The company said the objective of the IPO is to enhance visibility, brand, and provide liquidity to existing shareholders. The offer stood at 2.7 crore equity shares at a price band of ₹186 to ₹187.