Easy Trip Planners IPO share allotment today: Here s how to check status
Easy Trip Planners IPO: Grey market premium for the share was trading at Rs 347 per share, implying a premium of Rs 160 or 85.56%
BusinessToday.In | March 16, 2021 | Updated 14:29 IST
Easy Trip Planners IPO was subscribed 160 times with non-institutional investors subscribing to their reserved portion 384 times. The IPO closed on March 10.
The allotment for initial public offer (IPO) of Easy Trip Planners will be finalised on Tuesday, March 16, 2021. The share sale of online travel agency Easy Trip Planners was launched on March 8 this year. Price band of the IPO was fixed at Rs 186-187 per share. Grey market premium for the IPO was trading at Rs 347 per share, implying a premium of Rs 160 or 85.56%.
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 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
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.