Easy Trip Planners slumped below their issue price of Rs187 apiece, after the stock slumped over 8% on Tuesday amid concerns over rising covid cases.So far today, shares have touched a low of Rs181.45 on the BSE, down 8.2% from previous close.
At 0250pm, the scrip traded at Rs187.15, down 5.3%.Also Read | Six wrong calls on post-covid economyShares are now down over 22% from their high of Rs233.15.The company's Rs510 crore issue was subscribed more than 160 times.
The retail investors' portion was subscribed 70.78 times, while the non-institutional investors portion was subscribed 384.26 times.
The institutional investors portion witnessed a subscription of 77.95 times.Analysts say rising covid cases could disrupt operations and.