The Easy Trip Planners is all set to go live for subscription on March 8 at face value of Rs 186-187 per share. Easy Trip Planners, an online travelling agency, is aiming to raise Rs 510 crore through this Initial Public Offering.
Lot size for the IPO has been set at 80 shares valuing a single lot at Rs 14,960 and the maximum number of lots an investor is allowed to apply for is 1,040. The promoters of the company, who are also the founders, hold 49.81% and 49.68% stake in Ease Trip Planners, also known as Easy My Trip.
The IPO will be open for subscription for 3 days from March 8 to March 10 and is expected to get listed on March 19, 2021. The lead management and the book-running of the IPO is being handled by Axis Capital and JM Financial, according to MoneyControl.
Easy My Trip was founded by Nishant Pitti, Rikant Pitti, and Prashant Pitti in 2008 and is currently headquartered in New Delhi and filed for an IPO with the Securities and Exchange Board of India (SEBI) in 2019. The company is the first online travelling agency to be listed on the Indian Stock Market.
On the home page of the company’s website, Easy My Trip claims that, “being a strong network of 52,752 travel agents (as on September 30,2019) and having more than 9.27 million direct customers, the company can satisfy your all travel needs.”