Let’s have a detailed review of the company and analytics of the Easy Trip Planners Limited IPO release date, IPO offer price, subscription, EaseMyTrip IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

Face ValueRs 2
Price BandRs.186 to Rs.187
Listing AtBSE, NSE
Min. Order Quantity80 Shares
Listing Date Mar 19, 2021
Offer for SaleRs 5,100 Million
IPO SizeRs 5,100 Million
Tick SizeRs.1

EaseMyTrip IPO is listed at [●] premium. Check out the live share price by clicking on the below link.


Summary of EaseMyTrip IPO

EaseMyTrip IPO

They offer a comprehensive range of travel-related products and services for end-to-end travel solutions, including airline tickets, hotels and holiday packages, rail tickets, bus tickets and taxis as well as ancillary value added services such as travel insurance, visa processing and tickets for activities and attractions.

As of December 31, 2020, they provided their customers with access to more than 400 international and domestic airlines, more than 1,096,400 hotels in India and international jurisdictions, almost all the railway stations in India as well as bus tickets and taxi rentals for major cities in India.

In addition, as of March 31, 2020, they had 55,981 travel agents registered with them across almost all major cities in India and according to the CRISIL Report, they had the largest network of travel agents among Key Online Travel Agencies as of such period

The Promoters of this company are MR. NISHANT PITTI, MR. RIKANT PITTIE And MR. PRASHANT PITTI. The lead manager to the issue is Axis Capital Limited, JM Financial Limited. The Registrar to this issue is KFin Technologies Private Limited.

Check similar articles for this IPO

Grey Market – EaseMyTrip IPO GMP
EaseMyTrip IPO Allotment

 


EaseMyTrip IPO Dates / Launch Date

The opening and the closing date of EaseMyTrip IPO is Mar 8, 2021 and Mar 10, 2021.


EaseMyTrip IPO Subscription 

Day / DateQIBNIIRIITotal Subscription
1st Day – Mar 80.00x0.13x9.45x1.75x
2nd Day – Mar 90.28x4.05x32.71x7.20x
3rd Day – Mar 1077.54x382.22x70.41x159.33x
Shares Offered or Net Issue8,225,8064,112,9032,741,93515,080,644

The shares subscribed by the public will be updated here.

Check EaseMyTrip IPO LIVE Subscription

For the Latest Bid details click on the above links.


EaseMyTrip IPO Allotment Status

Here, you can find the Allotment Status of this IPO. Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.

EaseMyTrip IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

Basis of Allotment FinalizationMar 16, 2021
Refunds InitiationMar 17, 2021
Credit of Shares to Demat AccountMar 18, 2021
Share Listing DateMar 19, 2021

EaseMyTrip IPO Price Band / Cash Price

The face value of each share is Rs.2,and the cash price of the IPO is Rs.186 to Rs.187. 


EaseMyTrip IPO Size

This Initial Public Issue of [●] Equity Shares of Rs.2 each for cash at a price of Rs.186 to Rs.187 per equity share aggregating to Rs.5,100 million.


EaseMyTrip IPO Share Offering

Fresh Issue: The Fresh Issue of [●] Equity Shares by their Company of Rs.2 each at a price of Rs.186 to Rs.187 per equity share aggregating to Rs.5,100 million,

Offer for Sale : Offer for sale of up to [●] Equity Shares by the Promoter Selling Shareholder aggregating up to Rs.5,100 million.


EaseMyTrip IPO – Live Performance

The listing date of this IPO is Mar 19, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.


EaseMyTrip IPO Grey Market Premium / GMP

The EaseMyTrip Limited IPO Grey Market Premium price is Rs 170-180, the Kostak rate is Rs 300 and the Subject to Sauda is 5000


Easy Trip Planners IPO – Company Overview

They commenced operations in 2008 by focusing on the B2B2C (business to business to customer) distribution channel and providing travel agents access to their website to book domestic travel airline tickets in order to cater to the offline travel market in India.

Subsequently, by leveraging their B2B2C channel, they commenced operations in the B2C (business to customer) distribution channel in 2011by primarily focusing on the growing Indian middle class population’s travel requirements.

Consequently, due to their presence in the B2B2C and B2C channels, they were able to commence operations in the B2E (business to enterprise) distribution channel in 2013 with the aim of providing end-to-end travel solutions to corporates. Their presence in three distinct distribution channels provide them with a diversified customer base and wide distribution network.

Easy Trip Planners In-house Technology Team

They have a dedicated in-house technology team focused on developing a secure, advanced and scalable technology infrastructure and software. Their technology-enabled infrastructure and systems have enabled them to operate and maintain an efficient and lean organization relative to the size of their operations.

Easy Trip Planners – Products and Services

Their products and services are organized primarily in the following segments:

(i) airline tickets, which consists of the sale of airline tickets as well as airline tickets sold as part of the holiday packages; (ii) hotels and holiday packages, which consists of standalone sales of hotel rooms as well as travel packages (which may include hotel rooms, cruises, travel insurance and visa processing); and (iii) other services, which consists of rail tickets, bus tickets, taxi rentals and ancillary value added services such as travel insurance, visa processing and tickets for activities and attractions.

Easy Trip Planners Network

They provide customers access to travel agents registered with them to their websites with a customizable portal (b2b.easemytrip.com). This company believe this allows them in addressing the needs of a large and fragmented market of travel agents as well as in reaching customers in smaller markets, within the Tier II and Tier III cities.

The company wide network of travel agents with 52,752 travel agents registered with them across almost all major cities in India, as of September 30, 2019.


Easy Trip Planners Ltd – Financial Statements

On the basis of Standalone statement:

Amount (in INR & millions)
30-Dec-2031-Mar-20Mar-1931-Mar-18
Total Assets3569.662823.372430.881802.89
Total Revenue815.721797.241511.111135.74
Total Expense397.331322.091099.341030.48
Profit After Tax311.09346.48239.93030

Earnings per Equity Share (in Lakhs)

Amount (in INR & millions)
30-Dec-2031-Mar-20Mar-1931-Mar-18
Basic & Diluted2.863.192.700.61

From FY 2017-18 to FY 2019-2020, as per the Restated Financial Statements

  • Their Gross Booking Revenues increased by 51.04% from Rs 19,450.63 million in Fiscal 2018 to Rs 29,377.75 million in Fiscal 2019, and by 43.13% from Rs 29,377.75 million in Fiscal 2019 to Rs 42,047.30 million in Fiscal 2020.
  • Their Gross Booking Revenues amounted to Rs 12,207.57 million in the nine months ended December 31, 2020.
  • The market share in the total Indian online travel agency industry in terms of gross booking revenues and gross booking revenues for airline ticketing segment was approximately 4.6%, and 5.5% to 6.5%, respectively, in Fiscal 2020

EaseMyTrip IPO – Promoters

The Promoters of this company are:

  • MR. NISHANT PITTI
  • MR. RIKANT PITTIE
  • MR. PRASHANT PITTI

List of Related Parties (Key Managerial Personnel)

  • Ms. Nutan Gupta, President – Alliances
  • Mr. Abani Kant Jha, Chief Financial Officer
  • Ms. Preeti Sharma, Company Secretary and Compliance Officer

Easy Trip Planners Limited: Business strategies

  • Capitalize on travel industry growth opportunities
  • Focus on expanding their hotel and holiday packages, and railway ticketing operations
  • Leverage their existing travel agent network in Tier II and Tier III cities and focus on corporate business to grow their business
  • Continue to invest in technology and product development capabilities
  • Continue to enhance cross-selling opportunities and promote their brand

EaseMyTrip IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
 Equity Shares Offered Up to [●] Equity Shares, aggregating up to Rs.5,100 million
 Of which:

QIB Portion

Not less than [●] Equity Shares
Of which:

Anchor Investor Portion

Up to [●] Equity Shares
Of which:
Available for allocation to domestic Mutual Funds onlyAt least [●] Equity Shares

Balance available for allocation to QIBs other than Anchor Investors

[●] Equity Shares
Of which
Available for allocation to Mutual Funds onlyAt least [●] Equity Shares
Balance of QIB Portion [●] Equity Shares

Non-Institutional Portion

Not more than [●] Equity Shares

Retail Portion

Not more than [●] Equity Shares
 Equity Shares outstanding prior to the Issue108,645,000 Equity Shares
 Equity Shares outstanding after the Issue108,645,000 Equity Shares

EaseMyTrip IPO Issue Object

Their Company expects that listing of the Equity Shares will enhance their visibility and brand and provide liquidity to its existing Shareholders. Their Company will not directly receive any proceeds from the Offer and all proceeds from the Offer will be received by the Selling Shareholders, in proportion to the Equity Shares offered by them in the Offer for Sale.


EaseMyTrip IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

1. One of the leading online travel agencies in India with a customer focused approach, including the option of no-convenience fee
2. Consistent track record of financial and operational performance with lean and cost efficient operations
3. In-house advanced technology and analytics capabilities
4. Wide distribution network supported by a hybrid platform
5. Well-recognized brand with a targeted marketing strategy
6. Experienced management team with an established track record;

EaseMyTrip IPO – Quantitative Factors

Basic & Diluted EPSRONW in %NAV (Rs.)
31-Mar-180.000.07
31-Mar-192.2135.32
31-Mar-203.0432.589.32

Easy Trip Planners Limited: Competitive Peers

Their Company does not have any listed industry peers in India.


EaseMyTrip IPO Lead Managers

Lead Managers
Axis Capital Limited
Telephone: +91 22 4325 2183
E-mail: emt@axiscap.in
Website: www.axiscapital.co.in
Investor Grievance E-mail: complaints@axiscap.in
Contact Person: Ms. Kanika Sarawgi Goyal
SEBI Registration Number: INM000012029JM Financial Limited
Telephone: +91 22 6630 3030
E-mail: emt.ipo@jmfl.com
Website: www.jmfl.com
Investor Grievance E-mail: grievance.ibd@jmfl.com
Contact Person: Ms. Prachee Dhuri
SEBI Registration No.: INM000010361

EaseMyTrip IPO Registrar to Offer

Registrar to the Offer
KFin Technologies Private Limited (formerly known as “Karvy
Fintech Private Limited”)
Selenium Tower-B, Plot No. 31 & 32 Gachiboiwli,
Financial District, Nanakramguda,
Serilingampally, Hyderabad – 500 032
Telangana, India
Telephone: +91 40 6716 2222
E-mail: easytrip.ipo@kfintech.com
Website: www.karisma.kfintech.com
Investor Grievance E-mail: einward.ris@kfintech.com
Contact Person: Mr. M. Murali Krishna
SEBI Registration No. INR000000221

Other Details:

  • Statutory Auditor – S. R. Batliboi & Associates LLP, Chartered Accountants
  • Legal Counsel to the Company – AZB & Partners
  • Bankers to the Company – Kotak Mahindra Bank Limited, ICICI Bank Limited, HDFC Bank Limited. 


EaseMyTrip IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

EaseMyTrip IPO News

News 1EaseMyTrip IPO  [Download RHP Prospectus]


EaseMyTrip IPO Review FAQs

Ques – What is the Issue Size of EaseMyTrip IPO?

Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on fresh issue, Offer for sale, and the net issue.

Ques – What is the Price band?

Answer – The price band for this particular IPO ranges between Rs.186 to Rs.187. As far as the face value of the share is of concern, it is Rs.2 per share.

Ques – What is the EaseMyTrip IPO Open Date?

Answer – The opening and closing date for the IPO have been updated. The IPO is set to open on Mar 8, 2021, while the closing date is set at Mar 10, 2021.

Ques – What is the IPO Allotment Date?

Answer – They also have the news regarding the respective allotment dates. Basis of Allotment finalization is on Mar 16, 2021, refund initiation is on Mar 17, 2021, credit of shares is on Mar 18, 2021 and share listing date is on Mar 19, 2021.

Ques – What is the IPO Listing Date?

Answer – Shares of this company shall be listed in the exchanges BSE as well as NSE. Date when the listing would be done is stagnant on Mar 19, 2021.

Ques – Who is the Registrar of this IPO?

Answer – One of the reputed registrars are managing the issue of this IPO, i.e. KFin Technologies Private Limited. Their website will help you regarding the further information you are on a lookout for.

Ques – Who is the Promoter of this Company?

Answer – Here are the promoters of this company – MR. NISHANT PITTI, MR. RIKANT PITTIE And MR. PRASHANT PITTI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

Ques – What is GMP of EaseMyTrip IPO?

Answer – They have obtained the GMP of this IPO and it is 170-180. The further insights of Kostak rate and subject to sauda or SS are as well included in this report.

Ques – Is EaseMyTrip IPO good for Investment?

Answer – Tourism industry has a hype which goes on forever, and a company with no listed peers is definitely a look into. To further check how profitable this investment options is, you must look at the company financials. They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

Ques – What is the PAT of this Company?

Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2020 in millions is 346.48, 2019 is 239.93, 2018 is 0.30. PAT from Dec 2020 is 311.09.


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