Easy Trip IPO subscribed 2.3 times on Day-1, issue closes Wednesday

On Friday, the company allotted shares worth Rs 229 cr, or 45% of the total issue size to anchor investors

The IPO of Easy Trip Planners, the company that operates online travel portal easemytrip.com, was subscribed over 2.3 times on Monday, the first day of the issue. On Friday, the company allotted Rs 229 crore worth of shares–45 per cent of the total issue size of Rs 510-crore to anchor investors.

HSBC, Nomura, Aditya Birla Sunlife Insurance, Sundaram MF and Bajaj Allianz Life Insurance were some of the investors allotted shares.

Easy Trip has set a price band of Rs 186-187 per share. The IPO is entirely an offer for sale by promoters Nishant Pitti and Rikant Pittie, who will