New Delhi: Easy Trip Planners Ltd which is the parent company of easemytrip.com opened its Rs 510 crore initial public offering (IPO) on Monday. It is a three-day initial public offering that will close on March 10.

The offer-for-sale comprises of 2.72 crore shares, amounting to 25.10% of the paid-up equity. Easy Trip will be valued at Rs 2,031 crore.

Ahead of the IPO, the company had raised ₹229.5 crore from anchor investors at ₹187 per share, including HSBC Global Investment Funds, Nomura, Tata Trustee Company, Aditya Birla Sunlife Insurance Company, Sundaram Mutual Fund, Bajaj Allianz Life Insurance Company and Nippon Life India Trustee Company.

Key Details:

• Issue open: March 8-10.
• Face value: Rs 2 per share.
• Offer for sale: Up to Rs 510 crore.
• Shares on offer: 2.72 crore.
• Minimum bid size: 80 shares.
• Listing on: National Stock Exchange and BSE.
• Book running lead managers: Axis Capital and JM Financial.

Here’s how to apply:

If you are planning to invest in EaseMyTrip or Easy Trip Planners Ltd IPO, you can do it by applying online using either UPI which is offered by brokers who don’t offer banking services or via ASBA which is available in the net banking of your bank account as a payment method.

Allotment Date:

As per the information, the allotment of the IPO will take place on March 16, 2021. From March 17, the company will start initiating the refund process to the bidders who will not be selected. The shares of the EaseMyTrip IPO may list on March 19, 2021.

About the company:

Incorporated in the year 2008, Easy Trip Planners or EaseMyTrip offers a comprehensive range of travel-related products and services to people which include airline tickets, hotels and holiday packages, rail tickets, bus tickets and taxis, travel insurance, visa processing, among others.