Investors should consider booking profit on Easy Trip Planners.
Shares of Easy Trip Planners opened for trading at Rs 212.25 on the National Stock Exchange, compared to the issue price of Rs 187, marking a premium
The initial public offer (IPO) comprises an offer for sale aggregating up to Rs 510 crore and is in a price range of Rs 186-187 per share.
The Rs 510-crore issue received bids for 10,85,93,760 shares against 1,50,80,644 shares on offer, as per data available with the NSE.
The company claimed that it was the only profitable online travel agency among the key online travel agencies in India during FY18-FY20
The online travel company on Friday raised a little over Rs 229 crore from anchor investors.
Ahead of the IPO, the issue is quoting at a GMP (grey market premium) of Rs 165 per share offering close to 90% premium over the offer price.
The price band for the issue is fixed at Rs 186-187 per share.