The offer for sale from Easy Trip Planners of Rs 510 crs which had tapped the markets received excellent response and was subscribed 160.19 times. The company had tapped the capital markets with its issue in a price band of Rs 186-187. Earlier the company had allotted 1,22,72,727 equity shares at Rs 187 to 16 anchor investors comprising of 35 entities. The issue had opened on Monday the 8th of March and closed on Wednesday the 10th of March.
The QIB portion was subscribed 77.95 times, HNI portion was subscribed 384.26 times and Retail portion was subscribed 70.78 times. There were 19.95 lac applications and on the basis of lots, the retail portion was subscribed 58.52 times.
The cost of funding for the leveraged HNI is between Rs 115-120 per share.
The full details of the subscription are given below: –
Easy Trip Planners Subscription
Bucket Size | Shares Applied for | Times Oversubscribed | |
QIB | 8181819 | 637767440 | 77.95 |
HNI | 4090909 | 1571976640 | 384.26 |
Retail | 2727272 | 193038240 | 70.78 |
Total | 15000000 | 2402782320 | 160.19 |