Easy Trip Planners Limited IPO - Date, Purpose Financial Performance, Valuation, IPO Details

Manish Kothari
20 Likes | 825 days ago



isVerifiedExpertAuthor is a Zfunds Verified Expert
Manish Kothari

Easy Trip Planners Limited IPO

Incorporated in 2008, Easy trip planners is ranked second in the key online travel agencies in India in terms of booking volume for the nine-month period ended 31 December 2020. And it is ranked third in terms of gross booking revenue for fiscal 2020.

Easy trip planners have a wide range of travel-related products & services which include airline tickets, rail tickets, bus tickets, hotels & holiday packages, etc. It also offers added services like travel insurance, visa processing, and tickets for activities & attractions.

As of 31 December 2020, it has provided its customers with more than 400 international & domestic airlines, hotel booking of more than 10,96,400 in India & international jurisdictions. As of 31 March 2020, the company had 55,981 travel agents registered across almost all major cities in India.

Between 1 April 2017 to 31 December 2020, in the B2C channel, the company had a repeat transaction rate of 85.95%. Its B2C channel registered customers have increased at a CAGR of 28.24% to 9.6 million customers as of March 2020 from 5.8 million customers in March 2018.

The promoters of the company are Mr. Nishant Pitti, Mr. Rikant Pittie, and Mr. Prashant Pitti.

Strengths of the Company:

  • Easy trip planners is one of the leading online travel agencies in India.
  • It has a customer-focused approach including its offering of a no-convenience fee option.
  • It has a consistent track record of operational & financial performance. It also has lean & cost-efficient operations.
  • The company has in-house advanced technology & analytics capabilities.
  • It has a wide distribution network that is supported by a hybrid platform.
  • Easy trip planners is a well-recognized brand that has a targeted marketing strategy.
  • The company has a qualified and experienced management team.

Purpose of the IPO:

  • There is no fresh issue in the IPO. The company will not receive any proceeds from the offer.
  • To get the listing benefits of the equity shares on the stock exchange.

Financial Performance of the company:

 For the nine-month period ended 31st December 2020FY 2020FY 2019FY 2018
Total Revenue81.57179.72151.11113.57
Total Expenses39.73132.20109.93103.04
Profit after tax31.1034.6423.990.03
Total Assets356.96282.33243.08180.28

*All the values are in crores and as per DRHP.

Valuation of the company:

 For the nine-month period ended 31st December 2020FY 2020FY 2019FY 2018
Basic Earnings per Share (EPS)2.813.042.210.00
Diluted Earnings per Share (EPS)2.813.042.210.00
Return on Net Worth (%)23.11%32.58%35.32%0.07%
Net assets value per Equity share12.169.326.2560.72

*as per DRHP.

Easy Trip Planners Limited DRHP

Easy Trip Planners Limited RHP

IPO details:

Face Value₹2 per equity share
Market Lot80 Shares
Minimum Order Quantity80 Shares
Price Band₹186 - ₹187 per equity share
Issue typeBook Built Issue IPO
Issue Size₹510 Crores
Fresh Issue-
Offer for Sale₹510 Crores
Listing NSE, BSE

Important IPO dates:

Open Date08th March 2021
Close Date10th March 2021
Basis of Allotment Date16th March 2021
Initiation of Refunds17th March 2021
The credit of shares to Demat Account18th March 2021
Listing Date19th March 2021

Allocation Quota:

Qualified Institutional Buyers (QIBs)Not less than 75%
Non- Institutional Buyers (NIIs)Not more than 15%
Retail InvestorsNot more than 10%

Check your Easy Trip Planners Limited IPO allotment status here:

Kfintech IPO allotment Status: Click here

BSE IPO Allotment Status: Click here

NSE IPO Allotment Status: Click here

More IPO List:

Craftsman Automation LTD IPO
MTAR Technologies Limited IPO
Mrs. Bectors Food Specialities Limited IPO
IRFC IPO - Date, Review, Share Price, Financial Performance & Valuation
Antony Waste Handling Cell IPO
Mrs. Bectors Food Specialities Limited IPO
Kalyan Jewellers IPO
Gland Pharma IPO Date, Price, GMP, Review, Details
Indigo Paints Limited IPO
Railtel Corporation of India Limited IPO

Get Investment Advice from India's Top Experts