Easy Trip Planners IPO: Through its public subject, Easy Trip plans to lift Rs 510 crore
Easy Trip Planners share sale by preliminary public providing (IPO) was subscribed 7.20 instances by the top of the second day of bidding, in accordance with subscription knowledge on the exchanges. The on-line journey company’s IPO was subscribed 2.33 instances by the top of the primary day of bidding – March 8. Retail traders confirmed overwhelming curiosity within the IPO because the portion reserved for them was subscribed 32.71 instances, on March 9 by 5:00 pm. The portion put aside for non-institutional consumers was subscribed 4.05 instances, whereas the certified institutional consumers are but to subscribe. (Also Read: Easy Trip Planners IPO Subscribed 2.33 Times On First Day Of Subscription )
Easy Trip Planners is promoting shares within the worth band of Rs 186-187 per share. Through its public subject, Easy Trip plans to lift Rs 510 crore on the increased finish of the worth band. Easy Trip Planners IPO subscription window opened on March 8 and can shut on March 10, remaining open for a interval of three days. The shares of the web journey firm are proposed to be listed on the BSE and NSE on March 19, 2021.
“At the higher end of the price band, Easy Trip Planners IPO is priced at a PE ratio of ~59 times FY20 earnings per share (on a trailing basis). While this seems to be aggressively priced, the company has posted robust growth in topline and bottomline over the last few years. The company has been consistently profitable since incorporation, and posted a healthy net margin of 23 per cent in FY20, even as peers made losses,” INDmoney said in a report.
The expectations of a quick rollout of the vaccine would also improve outlook for the company’s business going forward. Given strong revenue and profit growth over the last few years, stable margins, good return ratios, asset-light model, and robust growth outlook, we remain positive on the prospects of the issue,” the report added.
Easy Trip Planners is the nation’s largest on-line journey company when it comes to gross income. It was integrated in 2008 and supplies a variety of journey companies in addition to end-to-end journey options akin to rail tickets, airline tickets, bus tickets, taxis, vacation packages and so on. It additionally provides value-added companies akin to journey insurance coverage, visa processing. Its touring companies may be availed by its web site or its Android and IOS cell apps.
Meanwhile, traders can apply for no less than one lot of 80 fairness shares and a most of 13 tons.
