Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
IPO News

| More

Easy Trip Planners Limited IPO to open on Monday, March 8, 2021

Posted On: 2021-03-03 08:51:53 (Time Zone: Arizona, USA)


Easy Trip Planners Limited (the "Company'), ranked 2nd among the Key Online Travel Agencies in India in terms of booking volume in the nine months ended December 31, 2020 and 3rd among the Key Online Travel Agencies in India in terms of gross booking revenues in Fiscal 2020 (Source: "Assessment of the OTA industry in India" dated February 2021 (the "CRISIL Report") prepared and issued by CRISIL Research, a division of CRISIL Limited. 'Key Online Travel Agencies' refers to key players in the OTA industry based on gross booking revenue and operating revenue as defined in the CRISIL Report. Refer to "Industry Overview - Competitive Assessment of OTA in India - Key Observations" on page 126 of the red herring prospectus dated February 28, 2021 of the Company ("RHP") filed with the with the Registrar of Companies, National Capital Territory of Delhi and Haryana at New Delhi ("RoC") for further information), will open the Bid/ Issue in relation to its initial public offering of equity shares of face value of ₹ 2 each the ("Equity Shares") on Monday, March 08, 2021. The Bid/ Issue Period will close on Wednesday, March 10, 2021.

The price band of the Issue has been fixed at ₹ 186 to ₹ 187 per Equity Share.

The issue comprises of an initial public offering of its equity shares aggregating up to ₹ 5,100 million (the "Offer") comprising an offer for sale of aggregating up to ₹ 2,550 million by Mr. Nishant Pitti and up to ₹ 2,550 million by Mr. Rikant Pitti (together with Mr. Nishant Pitti, the "Promoter Selling Shareholders").

Bids can be made for a minimum of 80 Equity Shares and in multiples of 80 Equity Shares thereafter.

The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (the "SCRR") read with Regulation 31 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the "SEBI ICDR Regulations"). This Offer is being made through the Book Building Process in compliance with Regulation 6(2) of the SEBI ICDR Regulations, wherein not less than 75% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs", and such portion the "QIB Portion"), provided that the Company and the Promoter Selling Shareholders may, in consultation with the BRLMs, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (the "Anchor Investor Portion"). At least one-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds only, subject to valid Bids being received from the domestic Mutual Funds at or above the price at which allocation is made to Anchor Investors ("Anchor Investor Allocation Price"). Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. If at least 75% of the Offer cannot be allotted to QIBs, the Bid Amounts received by the Company shall be refunded. Further, not more than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders ("Non-Institutional Portion") and not more than 10% of the Offer shall be available for allocation to Retail Individual Bidders ("Retail Portion"), in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.

The equity shares offered in this Offer are proposed to be listed at both BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE", together with BSE, the "Stock Exchanges") post the listing. For the purpose of the Offer, NSE is the Designated Stock Exchange.

Axis Capital Limited and JM Financial Limited are the Book Running Lead Managers to the Offer


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Other Headlines:

India Pesticides Limited Issue subscribed 1.29 times, Retail portion booked 2.51 times on day 1

India Pesticides Limited raises 240 Cr from 12 Anchor Investors

GR Infraprojects Limited gets SEBI approval to float IPO

India Pesticides Limited IPO to open on Wednesday, June 23, 2021 and close on Friday, June 25, 2021

Sona Comstar IPO subscribed 2.33 times, QIB portion booked 3.54 times

Shyam Metalics IPO subscribed 121.42 times, NII portion booked 339.98 times

Dodla Dairy Limited raises Rs. 156.05 crore from 18 anchor investors

Top 10 Things To Know about Krishna Institute of Medical Sciences Ltd

Top 10 Things To Know about Dodla Dairy IPO

Sona Comstar Retail book fully subscribed on Day 2

Shyam Metalics subscribed 3.63 times, Retail portion booked 5.80 times on Day 2

Shyam Metalics subscribed 1.22 times, Retail portion booked 2.19 times on Day 1

Paras Defence And Space Technologies Limited gets SEBI approval to float IPO

Sona Comstar subscribed 11%, Retail portion booked 52% on Day 1

Sona Comstar raises INR 2,498 Crores, 45% of the total IPO size, in India's 3rd largest ever IPO anchor book

Shyam Metalics raises Rs. 270 Cr from 21 Anchor Investors

Dodla Dairy Limited IPO to hit markets on June 16, 2021

Krishna Institute of Medical Sciences Limited's IPO opens for subscription on Wednesday, June 16, 2021

Utkarsh Small Finance Bank gets SEBI approval to float IPO

Global Automotive Supplier Sona Comstar IPO to open on June 14, 2021, closes on June 16, 2021

Shyam Metalics & Energy Limited's IPO to open on June 14, 2021

Kolkata Steel Major, Shyam Metalics & Energy receives SEBI Nod for Rs. 1107 cr IPO

Car Trade Tech files for Rs. 2000 Crores IPO

Retail focused HFC, Aptus Value Housing files for Rs. 3000 Cr IPO

Leading QSR Player, Devyani International files for Rs. 1400 Cr IPO

South Cement Major, Penna files for Rs 1550 Crore IPO

GoAir files DRHP with SEBI for Rs. 3,600 crore IPO

Sona Comstar receives SEBI Nod for Rs. 6000 crore IPO

Nirma Group backed, Nuvoco Vistas files for 5k cr IPO

POWERGRID Infrastructure Investment Trust to open IPO of its Units on April 29, 2021 and close on May 3, 2021

Udaipur based GR Infraprojects Ltd files for IPO

Macrotech Developers IPO final day: Issue subscribed 1.37 times, QIB portion booked 3.06 times

Macrotech Developers Limited subscribed 35% on Day 2

Macrotech Developers Limited subscribed 27%, QIB portion booked 59% on Day 1

Vadodara based Tatva Chintan Pharma Chem Limited plans for IPO files DRHP with SEBI

Macrotech Developers Limited IPO to open on April 7, 2021, closes on April 9, 2021

Haridwar based, V-Marc India subscribed 1.54 times on issue closing

SME IPO V-Marc India subscribed 63% on Second Day

Grilled to Perfection: Barbeque Nation subscribed 5.98 times overall

Barbeque Nation overall subscribed 1.98 times on Day 2

Barbeque-Nation raises Rs. 202 Cr from 15 Anchor Investors

V-Marc India Limited Initial Public Offering of Equity Shares opens

Gujarat based, Exxaro Tiles files for Rs. 160 cr IPO

Paras Defense And Space Technologies Ltd. files for IPO

Craftsman Automation Limited IPO to open on March 15, 2021, Price band fixed at ₹1,488 to ₹1,490 per Equity Share

Laxmi Organic Industries Limited IPO to open on Monday, March 15, 2021

Anupam Rasayan India Limited IPO of Equity Shares to open on Friday, March 12, 2021

MTAR Technologies sky-rockets with record 200.79 times overall subscription on Day 3

Utkarsh Small Finance Bank files for Rs. 1350 cr IPO

MTAR Technologies overall subscribed 10.27 times on Day 2


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020