If you are planning to invest in Easy Trip Planners IPO, then it is not too late as of now. The IPO of EaseMyTrip.com has India’s second largest online travel agency. You can start investing your money in this IPO. This IPO will close on March 10. The Delhi-based online travel company will raise Rs 510 crore from the issue. The price band of the issue is fixed at Rs 186-187.
In the Easy Trip Planners IPO, the promoters of company are issuing offers for sale worth Rs.250 crore. The company has 80-shares in a lot of issue. 10% of the issue is reserved for retail investors, 15% for non-institutional buyers and 75% for qualified institutional buyers. EaseMyTrip will be listed on both BSE and NSE.
According to the CRISIL report, the company has been consistently profitable since the beginning. As of March 2020, 55,981 travel agents were registered with the company in almost all major cities of the country. According to a report by CRISIL, Easy Trip Planners has the largest network of travel agents in the country when compared to other travel agencies. This report states that if we look at the net profit margin, then it was the only online travel agency in India which was profitable during the financial year 2018-20. Axis Cap for this IPO.