The shares of Easy Trip Planners debuted at an exchange premium today. They rose to −196 as opposed to −187. They were up to −196. At the day’s peak, shares were trading at 233, up 25 % from the issue price. Simple Trip Planners’ initial public offering (IPO) was nearly 160 times subscribed to. EaseMyTrip.com is operated by the online travel company Easy Trip Planners. The initial public offering (IPO) was a sale of shares worth up to 510 crores. It was valued at between 186 and 187 cents per share.
Simple Trip Planners, the second-largest online travel agency, Because of its good financial position, the company piqued the attention of investors. Quick Trip Planners has consistently turned a profit for the last three years. Profits rose from Rs 7 crore in the fiscal year 2018 to Rs 35 crore in the preceding fiscal year. The pandemic hampered the company’s results, with gross booking volume and revenues falling 56.3 % and 61.6 % year on year, respectively. However, Easy Trump has managed to record a net profit of Rs 31 crore in the first nine months of the current fiscal year.
Easy Trip Planners’ initial public offering (IPO) was open from March 8 to March 10, and the 510-crore issue received offers for over 240.2 crore shares against more than 1.5 crore shares on offer. Retail individual investors were subscribed to 70.4 times, while accredited institutional buyers (QIBs) were subscribed to 77.5 times and non-institutional investors were subscribed to 382.2 times. The group of accredited institutional buyers (QIBs) was subscribed to 77.5 times, non-institutional investors 382.1 times, and retail individual investors (RIIs) 70.4 times.
The Delhi-based company runs the online travel portal EaseMyTrip.com, which allows customers to book flights, trains, buses, and other transportation options. It provides its services through its website and the Ease My Trip mobile app for Android and iOS devices. The aim of the problem, according to Easy Trip Planners, is to gain the benefits of listing the shares on stock exchanges, which will increase its exposure and brand while also providing liquidity to established shareholders.
