Easy Trip Planners IPO Detail: If you have missed investing in the IPO market, then soon you are going to get a new option. On March 8, online travel agency Easy Trip Planners is going to launch its IPO. The company plans to raise Rs 510 crore through an IPO. For this, the Easy Trip Planner has fixed the price band of Rs 186-187. This IPO will be open for investment from March 8 to March 10. It may be listed on the stock market on 19 March.
This IPO of Easy Trip Planners will be completely offer for sale. In this IPO, promoters Nishant Pitti and Ricant Pitti will sell shares worth up to Rs 255 crore through the offer for sale. Easy Trip provides an end-to-end travel solution of travel, product and service. This includes providing tickets for airlines tickets, train tickets, bus tickets, taxi services, ancillary value added services such as travel insurance, visa processing and other activities.
Lot size 80 shares have been kept under the IPO of Easy Trip Planners. That is, at least 80 shares have to be bid. This means that to invest in this IPO, you will have to invest at least Rs 14,960. Axis Capital Limited and JM Financial Consultants Private Limited are the lead managers for the IPO.
How much reserve for
75% of the IPO is reserved for qualified institutional buyers. At the same time, 15 percent share is reserved for non-institutional investors. While 10 percent share has been reserved for retail investors.
Company network strong
As of March 2020, 55,981 travel agents were registered with the company in almost all major cities of the country. According to a report by CRISIL, Easy Trip Planners has a large network of travel agents in the country. In December, the number of registered travel agents with the company was 59,274. The company’s financials are also fine, although the lockdown has had an impact on the company’s business. Based on the net profit margin, it has been profitable during the financial year 2018-20 period.