Simple Journey provides on-line touring providers by way of its web site, and Android and IOS cellular apps
Simple Journey Planners’ preliminary public provide (IPO) can be open for bidding for 3 days, from March 8 to March 10. The web journey firm has mounted the value band of its share providing at Rs 186-187 per share. The shares are more likely to be listed on each BSE and NSE, on March 19, 2021.
Simple Journey Planners IPO is a suggestion on the market by founder promoters, Nishant Pitti and Rikant Pittie. Nishant holds 49.81 per cent stake within the firm and Rikant, 49.68 per cent. The corporate is seeking to garner Rs 510 crore on the larger finish of the value band.
Buyers can bid for a minimal one lot of 80 fairness shares and in multiples thereafter, as much as 13 tons. The anchor buyers phase can be open for subscription on March 5.
A complete of as much as 75 per cent of the problem is reserved for certified institutional patrons (QIB), 15 per cent for non-institutional buyers (NII) and 10 per cent is put aside for retail buyers.
Integrated in 2008, Simple Journey Planners is the second largest on-line journey company in India when it comes to gross income. Simple Journey provides a variety of on-line touring providers by way of its web site, in addition to Android and IOS cellular app.
Simple Journey Planners does not have any listed friends in India. Its rivals, MakeMyTrip and Yatra, are each listed on the Nasdaq.
Axis Capital and JM Monetary Consultants are the lead managers of the first market sale, whereas KFin Applied sciences is the registrar to the problem.