Easy Trip Planners Limited IPO Detail
Incorporated in 2008, Easy Trip Planners Ltd is the second 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.
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.
Company Promoters
Mr. Nishant Pitti, Mr. Rikant Pittie, and Mr. Prashant Pitti are the company promoters.IPO Details
| IPO Opening Date | Mar 08, 2021 |
| IPO Closing Date | Mar 10, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | ₹186 - 187 per equity share |
| Market Lot | 80 Shares |
| Min Order Quantity | 80 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹510 Cr |
| Fresh Issue | - |
| Offer for Sale | ₹510.00 Cr |
| Retail Portion | - |
IPO Tentative Timetable
The Easy Trip Planners Limited IPO open date is Mar 08, 2021, and the close date is Mar 10, 2021. The issue may list on Mar 19, 2021.
| IPO Open Date | Mar 08, 2021 |
| IPO Close Date | Mar 10, 2021 |
| Basis of Allotment Date | Mar 16, 2021 |
| Initiation of Refunds | Mar 17, 2021 |
| Credit of Shares to Demat Account | Mar 18, 2021 |
| IPO Listing Date | Mar 19, 2021 |
IPO Lot Size
The Easy Trip Planners Limited IPO market lot size is 80 shares. A retail-individual investor can apply for up to 13 lots (1040 shares or ₹194480).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 80 | ₹14960 |
| Maximum | 13 | 1040 | ₹194480 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 75% |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Sep-20 | 3,569.66 | 815.72 | 311.09 |
| 31-Mar-20 | 2,823.37 | 1,797.24 | 346.48 |
| 31-Mar-19 | 2,430.88 | 1,511.11 | 239.93 |
| 31-Mar-18 | 1,802.89 | 1,135.74 | 0.30 |
Objects of the Issue:
The IPO proceed to be used against the following purposes;
- To achieve share listing benefits.
- To sell up to [_] equity shares agggregating up to Rs. 5100 million.
