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BUSINESS

Easy Trip Planners IPO Allocates Share

The share allocation in Easy Trip Planners IPO, which was subscribed nearly 160 times, is likely to finalized tomorrow. KFintech Private Limited is the registrar of Easy Trip Planners IPO. And investors can check their allotment status on the registrar’s website. Online travel company Easy Trip Planners operates the EaseMyTrip.com website. The initial public offer (IPO) was an offer for sale aggregating up to Rs 510 crore. It was in the price range of Rs 186-187 per share. Easy Trip Planners IPO was open between March 8 and March 10 and the Rs 510-crore issue received bids for over 240.27 crore shares against more than 1.50 crore shares on offer. The retail individual investor’s segment was subscribed 70.40 times, the category meant for qualified institutional buyers (QIBs) 77.53 times, while those for non-institutional investors 382.21 times.
In the Easy Trip Planners IPO, 10 per cent of the issue was reserved retail investors, 15 per cent for non-institutional bidders, and 75 per cent for qualified institutional buyers

Ahead of the IPO, Easy Trip Planners had raised Rs 229 crore from anchor investors. Easy Trip Planners said the objective of the issue is to get the benefit of listing the shares on the stock exchanges, which will further enhance its visibility and brand and also provide liquidity for the existing shareholders. Founded in 2008, Easy Trip Planners is an online travel agency market with offices across various Indian cities, including Noida, Bengaluru, Mumbai, and Hyderabad. Its international offices (as subsidiary companies) are located in Singapore, the UAE, and the UK.

Easy Trip Planner businesses are organized primarily in the following segments: airline tickets, hotels, and holiday packages and other travel services like rail tickets, bus tickets, taxi rentals, and ancillary value-added services such as travel insurance, visa processing.

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