EaseMyTrip completed its two-year anniversary on the bourses today and is one of the few new-age tech companies that has been trading well above its listing price.
The company’s IPO was announced at an issue price of ₹187 and listed on the exchanges on March 19, 2021, at an over 13% premium. In the past two years, the company has announced two bonus issues and one stock split. The first bonus issue of 1:1 was announced in Feb. 2022 and the second bonus issue of 3:1 was announced in Oct. 2022, with a 1:2 stock split.
If you bought one lot of 80 shares in the EaseMYTrip IPO it would have cost you ₹14,960. Now to boil it all down, your 80 shares would have multiped into 1,280 shares with all the splits and bonus issues.
Taking the stock’s Monday closing price of ₹44.29 for reference, your initial investment of ₹14,960 would have skyrocketed to ₹56,961 – an over 278% return on investment. If the stock returns to its 52-week high of ₹73.50, your investment would be worth around ₹94,080.
The travel tech company however has not been having a great time at the bourses this year as the stock is down around 17% year-to-date.
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Price Action: Shares of EaseMYTrip slumped 4.36% to close at ₹44.29 on Monday.
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