Easy my Trip Planners Limited’s IPO is set to open for investment on 8 March this month. Between the rest of the IPOs, for the first time this year, the IPO of the travel sector company is being seen. This company is an online booking travel agency company that wants to expand its business through an IPO.
Easy My Trip IPO Information:
- Easy My Trip’s IPO will be open for investment on March 8, 2021, and for investment until March 10, 2021.
- After the investment, the date of allotment of IPO has been fixed as 16 March 2021.
- After this, refunds will be given to those who receive the subscription on 17 March 2021.
- On 18 March 2021, shares will be credited to the Demat account of the investors who get the subscription.
- After this, the IPO of Easy My Trip will be listed on the stock market on 19 March 2021.
- This IPO is a simple book-built issue IPO.
- The company has fixed the face value of the share of this IPO at Rs 2 per share.
- The total issue size of this IPO is Rs 510 crores.
- The share price for investing in an IPO is fixed at Rs 186 to 187 per share.
- According to the company, to invest in this IPO, you must buy 80 shares a lot.
About Easy My Trip Company:
- Easy My Trip is an online travel booking agency that provides travel ticket booking services to people through its mobile application.
- The company offers its online service through its website, Android, and revenue.
- This company started its business in 2008 and since then, this company has been offering services ranging from plane tickets to hotel bookings to holiday packages.
- The company launched its mobile application in 2018 and at the same time added the option of booking train tickets with IRCTC.
- At the same time, the company offers online flight tickets, train tickets, hotel bookings, bus talk booking.
Promoters of Easy My Trip Company:
- The promoter of this company is 1) Nishant Pitti 2) Rikant Pt, 3) Prashant Pitti.
The purpose of the company’s IPO:
- The company intends to reap the benefits of being a listed company on the stock market through this IPO issue.
- The company believes that this will increase the brand of the company and more people will get information about the company, which will further increase the business.
Special Features of Easy My Trip Company:
- Easy My Trip Company is considered to be one of the largest companies in the field of online travel agencies in the country.
- The company is known for its low-cost good customer service.
- The company itself develops technical software and systems for its business, there is no dependence on any IT company for this.
- The company has acquired a 62% market share in airline bookings.
- The management team of the company is very experienced which is quite capable of taking the business forward.
What should be invested?
- First of all, let’s talk about the issue price of the company’s IPO, according to the experts, according to the valuation of the company, the share price of the company is being told right.
- Due to the company’s business and growing economic situation, this stock can give good returns in the coming times.
- However, doing such as corona epidemic has a great impact on such companies and may also have an impact in the coming time.
- Due to this, less time and listing gains can be invested in this IPO.
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