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The EaseMyTrip IPO is opening up for subscription between March 8  and 10. The price band is fixed at Rs 186-187 per share for a minimum of 80 shares in one lot.

The issue size is Rs 510 crores. Read on to find out more on the latest news and updated around the EaseMyTrip IPO.

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Read More on Groww: EaseMyTrip IPO – Easy Trip Planners Limited IPO

March 19: Listing Day

The shares of the company listed at Rs 206 per share on the BSE which is a 10.16% premium to its issue price of Rs 187. On the NSE, the share price listed at a premium of 13.5% premium.

March 18: Grey Market Premium

According to a few media reports, the share price of the company was trading at Rs 322 per share in the grey market, implying a premium of 72% over the issue price of Rs 187 per share.

Day 3: March 10

As of 5.00 p.m.

  • The IPO of Easy Trip Planners was subscribed 159.33 times so far on day 3 of bidding.
  • The IPO received bids for 240.27 crore shares against an offer size of 1.5 crore shares.

Subscription Status:

  • Retail Investors: 70.4 times of the reserved portion
  • Non-institutional Investors: 382.21 times of the reserved portion
  • Qualified institutional buyers (QIB): 77.53 times of the reserved portion

As of 4.00 p.m.

  • The IPO of Easy Trip Planners was subscribed 159.1 times so far on day 3 of bidding.
  • The IPO received bids for 239.93 crore shares against an offer size of 1.5 crore shares.

Subscription Status:

  • Retail Investors: 69.16 times of the reserved portion
  • Non-institutional Investors: 382.21 times of the reserved portion
  • Qualified institutional buyers (QIB): 77.53 times of the reserved portion

As of 3.10 p.m.

  • The IPO of Easy Trip Planners was subscribed 131.83 times so far on day 3 of bidding.
  • The IPO received bids for 198.8 crore shares against an offer size of 1.5 crore shares.

Subscription Status:

  • Retail Investors: 66.43 times of the reserved portion
  • Non-institutional Investors: 322.32 times of the reserved portion
  • Qualified institutional buyers (QIB): 58.38 times of the reserved portion

As of 3.10 p.m.

  • The IPO of Easy Trip Planners was subscribed 131.83 times so far on day 3 of bidding.
  • The IPO received bids for 198.8 crore shares against an offer size of 1.5 crore shares.

Subscription Status:

  • Retail Investors: 66.43 times of the reserved portion
  • Non-institutional Investors: 322.32 times of the reserved portion
  • Qualified institutional buyers (QIB): 58.38 times of the reserved portion

As of 1.30 p.m.

  • The IPO of Easy Trip Planners was subscribed 35.11 times so far on day 3 of bidding.
  • The IPO received bids for 52.94 crore shares against an offer size of 1.5 crore shares.

Subscription Status:

  • Retail Investors: 53.01 times of the reserved portion
  • Non-institutional Investors: 83.23 times of the reserved portion
  • Qualified institutional buyers (QIB): 5.08 times of the reserved portion

Day 2: March 9

As of 5.00 p.m.

  • The IPO of Easy Trip Planners was subscribed 7.2 times so far on day 2 of bidding.
  • The IPO received bids for 10.85 crore shares against an offer size of 1.5 crore shares.

Subscription Status:

  • Retail Investors: 32.71 times of the reserved portion
  • Non-institutional Investors: 4.05 times of the reserved portion
  • Qualified institutional buyers (QIB): 28% of the reserved portion

As of 4.20 p.m.

  • The IPO of Easy Trip Planners was subscribed 6.79 times so far on day 2 of bidding.
  • The IPO received bids for 10.23 crore shares against an offer size of 1.5 crore shares.

Subscription Status:

  • Retail Investors: 30.82 times of the reserved portion
  • Non-institutional Investors: 3.79 times of the reserved portion
  • Qualified institutional buyers (QIB): 28% of the reserved portion

As of 2.30 p.m.

  • The IPO of Easy Trip Planners was subscribed 4.67 times so far on day 2 of bidding.
  • The IPO received bids for 7.04 crore shares against an offer size of 1.5 crore shares.

Subscription Status:

  • Retail Investors: 24.62 times of the reserved portion
  • Non-institutional Investors: 68% of the reserved portion
  • Qualified institutional buyers (QIB): 1% of the reserved portion

Day 1: March 8

As of 5.00 p.m.

  • The IPO of Easy Trip Planners was subscribed 2.33 times so far on day 1 of bidding.
  • The IPO received bids for 3.51 crore shares against an offer size of 1.5 crore shares.

Subscription Status:

  • Retail Investors: 12.58 times of the reserved portion
  • Non-institutional Investors: 15% of the reserved portion
  • Qualified institutional buyers (QIB): Not bid yet

As of 3.15 p.m.

  • The IPO of Easy Trip Planners was subscribed 1.63 times so far on day 1 of bidding.
  • The IPO received bids for 2.45 crore shares against an offer size of 1.5 crore shares.

Subscription Status:

  • Retail Investors: 8.89 times of the reserved portion
  • Non-institutional Investors: 5% of the reserved portion
  • Qualified institutional buyers (QIB): Not bid yet

As of 11.45 p.m.

  • The IPO of Easy Trip Planners was subscribed 37% so far on day 1 of bidding.
  • The IPO received bids for 55.5 lakh shares against an offer size of 1.5 crore shares.

Subscription Status:

  • Retail Investors: 2.02 times of the reserved portion
  • Non-institutional Investors: 1% of the reserved portion
  • Qualified institutional buyers (QIB): Not bid yet

March 5: Funds Raised From Anchor Investors

The IPO allocated  1,22,72,727 shares at Rs 187 per share to35 anchor investors. This amounts to a total of Rs 229.5 crores raised from these investors.

Here are a few of the anchor investors that participated in the bidding process:

  • HSBC Global Investment Funds 
  • Nomura Funds Ireland Public Limited Company
  • Tata Trustee Company
  • Aditya Birla Sunlife Insurance Company 
  • Sundaram Mutual Fund
  •  Bajaj Allianz Life Insurance Company 
  • Nippon Life India Trustee Company

The company’s IPO is entirely an offer for sale. This means that the company’s promoters are selling off their shares and no new shares are being sold. It is still an IPO because this is the first time these shares are being offered to the public.

Nishant Rikant Pitti, the founders, will sell shares worth Rs 255 crores each.

They hold 49.81% and 49.68% stake respectively in the company.

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