EXCLUSIVE research: Positive impact of Easy Trip IPO on ITC’s subsidiary; know what is aiding International Travel House stocks
The IPO of Easy Trip opened on 8 March and it has been getting a very good response. This public issue was subscribed over 2.3 times on Monday. In chat with Zee Business Managing Editor Anil Singhvi, Kushal Gupta said that the participation from retail investors has been very encouraging. The response in this IPO seems to have a positive impact on some other companies in this space, he said
The Initial Public Offering (IPO) of Easy Trip opened on 8 March and it has been getting a very good response. This public issue was subscribed over 2.3 times on Monday. In chat with Zee Business Managing Editor Anil Singhvi, Kushal Gupta said that the participation from retail investors has been very encouraging. The response in this IPO seems to have a positive impact on some other companies in this space, he said.
He brings for the channel viewers, this exclusive research report. This research is on International Travel House – India’s first listed company which is also a subsidiary of ITC. The company has 39 offices in 19 locations across India.
See Zee Business Live TV Streaming Below:
International Travel House has business interests in rental car services. Its services also include air tickets, bus tickets, hotel bookings and passport and visa services. The company is seeing a revival in the travel packages, it offers, on meeting and conferences. The improvement in the sentiments is on the back of the ongoing vaccination drive, he said adding that the focus is now back on travel.
Watch Zee Business Tweet Video Below:
Zee Business Exclusive Research
Easy Trip IPO का पॉजिटिव असर !
भारत की पहली लिस्टेड ट्रैवल कंपनी और ITC की सब्सिडियरी- इंटरनेशनल ट्रैवल हाउस
कैसी है कंपनी की मौजूदा स्थिती और आय का ट्रेंड?#ZBizExclusive #EasyTripPlanners #IPO @AnilSinghvi_ @KushalGupta44 pic.twitter.com/9zs8W8eXid
— Zee Business (@ZeeBusiness) March 9, 2021
International Travel House’s 60 per cent revenues comes from MNCs. This sector is seeing a lot of traction which is expected to benefit the company. The quarter-on-quarter growth in its income has been on the rise. From Rs 8 cr in Q1 of FY20, it has become Rs 16 cr in Q4.
The company has 3 promoters – ITC with 3.6 per cent stake, Russell Credit and Russel Investment with 45.36 per cent and 12.73 per cent shares, respectively, he said.
This company is listed on BSE. At 1:30 pm, the stocks of International Travel House were trading at Rs 73.60 on BSE, up by almost 8.7 per cent.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
If you make RDs of Rs 5,000, Rs 10,000, Rs 15,000, and Rs 20,000 in post office, what will be your maturity amount?
Special Live Trading Session on Saturday: Know why BSE, NSE will remain open on May 18; check timings
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
Women loco pilots speak about their struggle; many men have to be informed even for 'washroom break' in a moving train
Bandhan Bank Q4 FY24 Results Preview: PAT, interest income likely to grow in almost double digits; asset quality may improve
02:12 PM IST