EaseMyTrip Files Papers for Rs 510 crore IPO
New Delhi: Online travel company EaseMyTrip has filed draft papers with capital markets regulator SEBI to float aRs 510 crore initial public offering. Through the IPO, company’s founders NishantPitti and RikantPitti will each sell shares to the tune of Rs 255 crore through offer-for-sale mechanism, according to draft papers filed with the Securities and Exchange Board of India (SEBI).
The company’s issue is being managed by Axis Capital and JM Financial.
Founded in 2008, EaseMyTrip is an online travel agency market with offices across various Indian cities, including Noida, Bengaluru, Mumbai and Hyderabad. Its international offices (as subsidiary companies) are located in Singapore, the UAE and the UK.