Bumper listing? Easy Trip shares trade at 70% premium in grey market

Easy Trip is the only profitable company among the key online travel players

Weakness on Dalal Street failed to dent the grey market premium for shares of Easy Trip Planners ahead of its listing on Friday as investors remained hooked to the company's strong financials and fair valuations.

According to the data provided by Unlistedarena.com, the scrip was ruling at Rs 322 in the grey market, implying a premium of 72 per cent or Rs 135 over the issue price of Rs 187 per share. The scrip at one point was commanding a premium of Rs 145-155 per share.

The initial public offer (IPO) by the online travel agency was subscribed a whopping