NEW DELHI: The initial public offer (IPO) of Easy Trip Planners will open for subscription on Monday, in which the company’s promoters seek to raise Rs 510 crore from the primary market.
The issue mostly comprises a share sale by promoters, and the company will not get any amount from the IPO.
In the grey market, shares of the company were trading at a premium as high as 90 per cent, suggesting investors are bullish on its prospect in the secondary market .
Here are key things to know about the issue:
- When will the Easy Trip Planners IPO open?
- The Easy Trip Planners IPO will open for subscription on Monday, March 8, and close on Wednesday, March 10.
- What is the price band for Easy Trip Planners IPO?
The price band for the Easy Trip Planners IPO has been fixed at Rs 186-187. - What is the lot size for Easy Trip Planners IPO?
Investors can subscribe to the Easy Trip Planners IPO by betting in lots of 80 shares, or in multiples thereof. Retail investors can bid for a maximum of 13 lots (1,040 shares). - What is the size of the Easy Trip Planners IPO?
The company’s IPO is entirely an offer for sale by two promoters, who each have offered Rs 255 crore worth of shares. - What is the quota reserved for retail investors in the Easy Trip Planners IPO?
The quota for retail investors is fixed at 10 per cent of the net offer in the Easy Trip Planners IPO. While the portion reserved for QIBs is 75 per cent, that for NIIs is 15 per cent. - Is there any employee quota in the Easy Trip Planners IPO?
No. - When will the basis of allotment be out?
The finalisation of the basis of allotment is likely by March 16, and the initialisation of refunds is likely by March 17. Meanwhile, credit of shares in the demat accounts is likely by March 18. - When will Easy Trip Planners shares list on stock exchanges?
It is likely by March 19. - Where could the status of allotment be checked for the Easy Trip Planners IPO?
Those who would bid for the issue can check the subscription status on the online portal of KFin Technologies, the registrar to the IPO. The registrar to an issue is a Sebi-registered entity, qualified to act as such, and which electronically processes all applications, and carries out the allotment process as per the prospectus. - Which are the leading book managers to the Easy Trip Planners IPO?
Axis Capital and JM Financial are the leading book managers. - What does Easy Trip Planners do?
Easy Trip Planners is ranked second among key online travel agencies in the country in terms of booking volume in the nine months ended December 31, 2020. They were the only profitable online travel agency among the key online travel agencies in India in fiscal years 2018, 2019 and 2020 in terms of net profit margin. - Are there any listed peers of Easy Trip Planners?
There are no listed entities in India whose business portfolios are comparable with that of Easy Trip Planners. However, other key players in the domestic online travel agency market include Cleartrip, MakeMyTrip and Yatra Online. - What is the business mix of Easy Trip Planners?
The company generates most of its revenue by facilitating air ticket bookings via its website. It also provides hotel booking services. - Should you subscribe to the Easy Trip Planners IPO?
Even in this time of lockdown, the company demonstrated its strength and was able to report revenue of Rs 50 crore in the first nine months of the current financial year, and positive earnings per share of 2.86, said Yash Gupta, Equity Research Associate, Angel Broking. He has a positive outlook for the IPO.
