Online travel agency Easy Trip Planners Ltd is opening its Rs 510 crore initial public offering (IPO) on March 8 and will close on March 10. This will mark the tenth public offering of the year. From the beginning of this year several companies have listed themselves on the BSE and NSE including Indian Railway Finance Corporation, Indigo Paints, Home First Finance Company, Stove Kraft, Brookfield India REIT, Nureca, RailTel Corporation of India, Heranba Industries and MTAR Technologies which has been opened its IPO on Wednesday, March 3.
Investors willing to subscribe for the Easy Trip Planners IPO can go through the details provided below.
Public Issue: The public offering comprises an offer for sale of Rs 255 crore each by promoters Nishant Pitti holding 49.81 percent stake and Rikant Pitti holding 49.68 percent stake in the company.
Price Band: The price band fixed for the public offering is Rs 186 – Rs 187 per share and the minimum order quantity is 80 Shares.
Objective: The main objective of the IPO is to use the proceeds to achieve share listing benefits and to sell equity shares aggregating up to Rs 510 crore.
Registrar of the IPO: KFintech Private Limited is the registrar of Easy Trip Planners Ltd IPO.
Lead Managers: Axis Capital Limited and JM Financial Consultants Private Limited are the lead managers of the IPO.
How to apply: Investors who are interested in EaseMyTrip IPO can apply online using either UPI (offered by brokers who don’t offer banking services) or ASBA (available in the net banking of your bank account) as a payment method.
About the company: Easy Trip Planners or EaseMyTrip was incorporated in 2008 and offers a comprehensive range of travel-related products and services including airline tickets, hotels and holiday packages, rail tickets, bus tickets and taxis, travel insurance, visa processing, etc.