Investors can apply for a minimal one lot of 80 fairness shares and a most of 13 tons.
Easy Trip Planners share sale through preliminary public providing (IPO) which opened for subscription at 10:00 am in the present day was totally subscribed inside couple of hours of opening. Easy Trip Planners shares had been in large demand among the many retail traders because the portion reserved for them was subscrimbed over 4.5 occasions until 1:50 pm, information from National Stock Exchange confirmed. Easy Trip Planners obtained over 2 crore bids for its shares in contrast with 1.51 crore shares on the supply.
Easy Trip Planners is promoting shares within the worth band of Rs 186-187 per share, fetching the corporate Rs 510 crore on the larger finish of the worth band. The shares of the net journey firm are prone to be listed on the BSE and NSE on March 19, 2021.
Easy Trip Planners IPO is a proposal on the market by founder promoters, Nishant Pitti and Rikant Pittie. Nishant holds 49.81 per cent stake and Rikant has 49.68 per cent within the firm. A complete of as much as 75 per cent of the problem is reserved for certified institutional consumers, 15 per cent for non-institutional traders and 10 per cent for retail traders.
Investors can apply for a minimal one lot of 80 fairness shares and a most of 13 tons.
Easy Trip Planners was integrated within the yr 2008. It is the second largest on-line journey company in India when it comes to gross income and presents on-line touring companies via its web site, in addition to Android and IOS cellular app.
Domestic brokerage agency Anand Rathi has a ‘subscribe’ score on the inventory. “At the upper end of the IPO price band, it is offered at 58.62 times its FY20 earnings, with a market cap of Rs 2,032 crores. There are no listed entities in India whose business portfolio is comparable with that of its business.
Given the company’s strong operating and financial performance in a highly competitive and growing industry; including strong margins, return on net worth of 32.58 per cent in FY20, strong balance sheet and management – we give this IPO a Subscribe rating,” Anand Rathi mentioned in a be aware.
