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 2020 | FY 2020 | FY 2019 | FY 2018 | |
| Total Revenue | 81.57 | 179.72 | 151.11 | 113.57 |
| Total Expenses | 39.73 | 132.20 | 109.93 | 103.04 |
| Profit after tax | 31.10 | 34.64 | 23.99 | 0.03 |
| Total Assets | 356.96 | 282.33 | 243.08 | 180.28 |
*All the values are in crores and as per DRHP.
Valuation of the company:
| For the nine-month period ended 31st December 2020 | FY 2020 | FY 2019 | FY 2018 | |
| Basic Earnings per Share (EPS) | 2.81 | 3.04 | 2.21 | 0.00 |
| Diluted Earnings per Share (EPS) | 2.81 | 3.04 | 2.21 | 0.00 |
| Return on Net Worth (%) | 23.11% | 32.58% | 35.32% | 0.07% |
| Net assets value per Equity share | 12.16 | 9.32 | 6.25 | 60.72 |
*as per DRHP.
Easy Trip Planners Limited DRHP
Easy Trip Planners Limited RHP
IPO details:
| Face Value | ₹2 per equity share |
| Market Lot | 80 Shares |
| Minimum Order Quantity | 80 Shares |
| Price Band | ₹186 - ₹187 per equity share |
| Issue type | Book Built Issue IPO |
| Issue Size | ₹510 Crores |
| Fresh Issue | - |
| Offer for Sale | ₹510 Crores |
| Listing | NSE, BSE |
Important IPO dates:
| Open Date | 08th March 2021 |
| Close Date | 10th March 2021 |
| Basis of Allotment Date | 16th March 2021 |
| Initiation of Refunds | 17th March 2021 |
| The credit of shares to Demat Account | 18th March 2021 |
| Listing Date | 19th March 2021 |
Allocation Quota:
| Category | Portion |
| Qualified Institutional Buyers (QIBs) | Not less than 75% |
| Non- Institutional Buyers (NIIs) | Not more than 15% |
| Retail Investors | Not more than 10% |
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