Easy Trip Planners shares made a quiet inventory market debut on Friday because the inventory opened for buying and selling at Rs 206 on the BSE in opposition to situation value of Rs 187, marking a premium of 10.16 per cent. On the National Stock Exchange, the inventory opened at a premium of 13.5 per cent at Rs 212.25. Easy Trip Planners shares had been in large demand through the three-day share sale by way of preliminary public providing between March 8-10 as the difficulty was subscribed 159.33 instances.
The Delhi-based on-line journey firm’s Rs 510-crore IPO acquired bids for 270.27 crore fairness shares in opposition to the provide measurement of 1.5 crore shares.
Founded in 2008, Easy Trip Planners is an internet journey company market with workplaces in Noida, Bengaluru, Mumbai and Hyderabad.
The firm presents a variety of journey companies in addition to end-to-end journey options similar to lodge bookings, rail tickets, taxis, airline tickets, bus tickets, vacation packages and so forth. Easy Trip additionally presents value-added companies similar to journey insurance coverage, visa processing. Its companies could be availed by way of its web site or its Android and IOS cell apps.
Easy Trip Planners IPO got here within the backdrop of Covid-19 pandemic whereby journey and tourism companies witnessed robust instances.
As of 10:06 am Easy Trip Planners shares traded at Rs 189.95, down almost 8 per cent from the opening value however up 1.6 per cent from the difficulty value.
