Easy Trip Planners makes strong market debut, Easy Trip lists at 13.5% premium over issue price

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Easy Trip Planners, Easy Trip Planners listing, IPO
Easy Trip share listing today: Grey market premium signals bumper listing (File Photo)

Easy Trip Planners shares appeared along with some built-in costs on trades today. They were up at ₹196 when contrasted with issue cost of ₹187. At day’s high, shares rose to ₹233, up 25% from issue cost. The IPO of Easy Trip Planners was bought in almost multiple times.

Online travel organization Easy Trip Planners works EaseMyTrip.com site. The underlying public offer (IPO) was a proposal available to be purchased amassing up to ₹510 crore. It was in the value scope of ₹186-187 for every offer.

Easy Trip Planners, Easy Trip Planners listing, IPO
Easy Trip share listing today: Grey market premium signals bumper listing (File Photo)

Easy Trip Planners IPO was open between March 8 and March 10 and the ₹510-crore issue got offers for over 240.27 crore shares against more than 1.50 crore shares on offer. Retail singular financial backers fragment was bought in 70.40 occasions, the classification implied for qualified institutional purchasers (QIBs) 77.53 occasions, while those for non-institutional financial backers 382.21 occasions.

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In the Easy Trip Planners IPO, 10% of the issue was held retail financial backers, 15% for non-institutional bidders and 75% for qualified institutional purchasers

In front of the IPO, Easy Trip Planners had raised ₹229 crore from anchor financial backers. Simple Trip Planners said the goal of the issue is to get advantage of posting the offers on the stock trades, which will additionally upgrade its perceivability and mark and furthermore give liquidity to the current investors.

Easy Trip Planner organizations are coordinated principally in after portions: carrier tickets, lodgings and occasion bundles and other travel administrations like rail tickets, transport tickets, taxi rentals and subordinate worth added administrations, for example, travel protection, visa handling.

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In the mean time, the ₹583 crore IPO of gaming firm Nazara Technologies was bought in 10.55 occasions on Thursday, the second day of membership. The part for qualified institutional purchasers (QIBs) was bought in 72%, non-nstitutional financial backers 7.73 occasions and retail singular financial backers (RIIs) 44.47 occasions. The underlying public offer is of 5,294,392 value shares and is in a value scope of ₹1,100-1,101 for each offer.

Another IPO, from Suryoday Small Finance Bank, was completely bought in on the second day of membership on Thursday. The ₹582-crore issue got offers for 1,36,77,272 offers against 1,35,15,150 offers on offer, according to the NSE information. The segment implied for non-institutional financial backers has bought in 20% and those for retail singular financial backers (RIIs) multiple times.

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