Easy Trip Planners IPO
Easy Trip Planners Limited (EASEMYTRIP) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 19 March 2021.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +53.7% (likely range +47% to +106%), day's high +67.6%, chance of a gain 97%. Actual: +13.5% at the open, +25.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 82,25,806 | 63,77,67,440 | 77.5x | |
| NII (HNI) total | 41,12,903 | 1,57,19,76,640 | 382x | |
| Retail | 27,41,935 | 19,30,38,240 | 70.4x | |
| Total | 1,50,80,644 | 2,40,27,82,320 | 159x |
Bids on NSE and BSE together, as published by NSE, as of 10 Mar 2021, 05:00 PM. Shares offered exclude the anchor portion. 6% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Easy Trip Planners's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Happiest Minds TechnologiesSep 2020 | 77.4x | 351x | 70.9x | 151x | ₹702 Cr | +110.8% | +137.9% |
| Burger King IndiaDec 2020 | 86.6x | 354x | 68.2x | 157x | ₹811 Cr | +87.5% | +125.0% |
| Ujjivan Small Finance BankDec 2019 | 111x | 473x | 49.1x | 166x | ₹771 Cr | +58.8% | +69.7% |
| Chemcon Speciality ChemicalsSep 2020 | 114x | 449x | 41.2x | 149x | ₹318 Cr | +115.0% | +115.1% |
| Quess CorpJul 2016 | 59.0x | 392x | 34.1x | 144x | ₹411 Cr | +57.7% | +60.7% |
| Mazagon Dock ShipbuildersOct 2020 | 89.7x | 679x | 35.6x | 157x | ₹773 Cr | +48.2% | +49.6% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Axis Capital | 107 | +20.4% | 73% |
| JM Financial | 109 | +22.8% | 75% |
Offer documents (NSE)
Frequently asked
What is the Easy Trip Planners IPO price band and lot size? ₹186–187 per share, with a lot of 80 shares, so the smallest retail bid is ₹14,960.
How many times has it been subscribed? 159x overall: QIB 77.5x, NII 382x, retail 70.4x.
How did it list? It opened at ₹212, +13.5% against the issue price of ₹187, and closed its first day +11.5%.
