Easy Trip Planners IPO: Subscribed Over 7 times on Day 2

Easy Trip Planners, the company which operates the online ticketing portal EaseMyTrip opened its IPO on Monday for bidding. The price band for the IPO was fixed at Rs. 186-187 per share for the 510-crore initial share sale. The bidding will close today.

However, the issue was subscribed over 7.2 times on the second day of bidding itself. The majority of the subscriptions are from retail investors, who have fully lapped up the quota of shares reserved for them.

Easy Trip Planners generate their major revenue from flight ticket booking. The competition in the segment is fierce but EaseMyTrip enjoys an edge about its competitors because it does not charge any convenience fee from the customers unlike other online flight ticket booking portals.

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