Easy Trip Planners IPO Opens Today: Here is All You Need to Know

Easy Trip Planners Ltd which is the parent company of online travel agency easemytrip.com is opening its Rs 510 crore initial public offering (IPO) on Monday, March 8, 2021. The three-day initial public offering will close on March 10. The IPO will mark the tenth offering of this year so far. The companies which have got them listed on the BSE and NSE in 2021 include 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.

Investors who are interested and willing to subscribe for the Easy Trip Planners IPO can check the required details provided below:

Public Issue: The company’s public offering comprises an offer for sale of Rs 255 crore each by its promoters namely Nishant Pitti and

Rikant Pitti who are holding 49.81 percent stake and 49.68 percent stake in the company respectively.

Price Band: Rs 186 – Rs 187 per share has been fixed as the price band for the public offering and the minimum order quantity is 80 Shares.

Objective: The main purpose behind the IPO is to use the proceedings to achieve share listing benefits and to sell equity shares aggregating up to Rs 510 crore.

Registrar of the IPO: The registrar of Easy Trip Planners Ltd IPO is KFintech Private Limited.

Lead Managers: There are two lead managers of the IPO namely Axis Capital Limited and JM Financial Consultants Private Limited.

How to apply: Those who are planning to invest in EaseMyTrip or Easy Trip Planners Ltd IPO can do so by applying online using either UPI which is offered by brokers who don’t offer banking services or via ASBA which is available in the net banking of your bank account as a payment method.

Allotment Date: As per the information provided by the brokerages the allotment of the IPO will take place on March 16, 2021. From March 17, the company will start initiating the refund process to the bidders who will not be selected. The shares of the EaseMyTrip IPO may list on March 19, 2021.

About the company: Incorporated in the year 2008, Easy Trip Planners or EaseMyTrip offers a comprehensive range of travel-related products and services to people which include airline tickets, hotels and holiday packages, rail tickets, bus tickets and taxis, travel insurance, visa processing, among others.

Read all the Latest News, Breaking News and Coronavirus News here