Easy Trip Planners Limited IPO opens for subscription: Should you subscribe?

Easy Trip Planners’ Rs 510 crore initial public offer (IPO) kicked off on Monday. The issue is entirely an offer for sale (OFS) by two promoters, who are offering Rs 255 crore worth of shares each, in the price band of Rs 186-187. The IPO is valued at 58.7 times the company’s FY20 earnings, and …

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