EaseMyTrip files DRHP with SEBI for IPO

EaseMyTrip has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise an estimated Rs 510 crore through an Initial Public Offering (IPO).

The object of the public issue is to achieve the benefits of listing the equity shares on stock exchanges. The book running lead managers to the issue are 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. EaseMyTrip.com is operated by Easy Trip Planners.

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