Online travel agency Easy Trip Planners will come out with its IPO on March 8. The firm has decided to open the maiden public offer for subscription in the coming week, on March 8. The company aims to raise Rs 510 crore through its public issue which is a complete offer for sale. Promoters Nishant Pitti and Rikant Pittie will sell up to Rs 255 crore worth of shares each via offer for sale. Promoters held 49.81 percent and 49.68 percent stake, respectively in the company.
Opens on: 8th March 2021
Closes on: 10th March 2021
Price band: Rs 186-187 per share
Bid: minimum of 80 equity shares and in multiples of 80 shares
This would be the 10th public issue in 2021, after 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.
Easy Trip Planners offers travel-related products and services for end-to-end travel solutions, including airline tickets, hotels and holiday packages, rail tickets, bus tickets and taxis as well as ancillary value-added services such as travel insurance, visa processing, and tickets for activities and attractions. It was ranked second among the key online travel agencies in India in terms of booking volume in the nine months ended December 2020 and third among the key online travel agencies in India in terms of gross booking revenues in FY20.