Easy Trip Planners IPO will open for subscription on 08 March 2021. the company plans to raise ₹510 Crores crore via IPO. it is a travel booking site and it might become the first online travel booking site to list in India. EaseMyTrip is a rival of MakeMyTrip which is four times bigger than EaseMyTrip in comparison to revenues.
Also read: IPO List 2021: a complete list of IPOs in 2021
EaseMyTrip Limited
Incorporated in 2008, Established by siblings Nishant Pitti and Rikant Pitti, Easy Trip Planners Ltd is the third largest online travel agency in India in terms of gross revenue. The online travel agency offers a range of travel products and services and end-to-end travel solutions including airline tickets, rail tickets, bus tickets, taxis, holiday packages, hotels, and other value-added services i.e. travel insurance, visa processing, etc.
Easy Trip offers a range of online traveling services through its website and Ease My Trip android and iOS mobile app. The company follows B2B2C (business to business to customer), B2C (business to customer), and B2E (business to enterprise) distribution channels to offers its services. As of November 2019, the firm has served customers with more than 400 domestic and international airlines, and 1,096,400 hotels. As of March 2019, it had 49,494 registered travel agents across major cities of India.
Objective of the Issue
- To achieve share listing benefits.
- To sell up to – equity shares aggregating up to Rs. 5100 million.
- General corporate purpose
Competitive strengths
- One of the leading online travel agencies in India.
- Strong brand name and distribution network.
- In-house advanced technology infrastructure.
- Consistent financial track record and operational performance.
Basic details about the company
| Full name | EaseMyTrip Limited |
| Sector | Hospitality |
| Industry | Travel service |
| Company Website | www.easemytrip.com |
Dates to remember
| IPO Opening date | 08 March 2021 |
| IPO Closing date | 10 March 2021 |
| Basis of Allotment date | 16 March 2021 |
| Initiation of Refunds | 17 March 2021 |
| Credit to Demat Account | 18 March 2021 |
| Listing Date | 19 March 2021 |
IPO details
| Issue type | Book Built Issue |
| IPO issue size | ₹510 Crores |
| Number of shares offered | 10,372,419 Shares |
| Face value | ₹2 per equity share |
| Price band | ₹186 to ₹187 per equity share |
| Retail portion | 10% |
| Lot size | 80 Shares |
| Minimum application | 1 Lot-80 Share |
| Maximum application | 13 Lot-1040 share |
| Minimum application amount | ₹14,960 |
| maximum application amount | ₹194,480 |
| Listing Exchange | BSE & NSE |
Financial summary
| Easy Trip Planners’ financial performance (in INR crore) | ||||
| FY2018 | FY2019 | FY2020 | 9M FY2021 | |
| Revenue | 113.6 | 151.1 | 179.7 | 81.6 |
| Expenses | 103.0 | 109.9 | 132.2 | 39.7 |
| Net income | 0.0 | 24.0 | 34.6 | 31.1 |
| Net margin (%) | 0.0 | 15.9 | 19.3 | 38.1 |
Valuation of Easy Trip Planners (as of FY2020)
| Earnings Per Share (EPS) | ₹2.21 |
| Price/Earnings (PE ratio) | 84.16 – 84.61 |
| Return on Net Worth (RONW) | 35.32% |
| Net Asset Value (NAV) | ₹8.10 per share (as of 30 Sep 2019) |
Company Promoters
- Nishant Pitti
- Rikant Pittie
- Prashant Pitti
Easy Trip Planners IPO Lead Managers
- Axis Capital Limited
- JM Financial Consultants Private Limited
Registrar of Easy Trip Planners IPO
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Easy Trip Planners Contact Details
Easy Trip Planners Limited
223, FIE Patparganj Industrial Area,
East Delhi, Delhi – 110 092
Phone: +91 11 4313 1313
Email: emt.secretarial@easemytrip.com
Website: www.easemytrip.com
Easy Trip Planners IPO Allotment Status
Easy Trip Planners IPO allotment status will be available on KFin Technologies’ websites, click on any of these links to get allotment status.
Allotment Status Link #1
Link #2
Allotment Status Link #3
Final thoughts
Easy Trip Planners IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing
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