Easy Trip Planners was incorporated on June 4, 2008. The company offers a comprehensive range of travel-related products and services for end-to-end travel solutions, including airlinetickets, hotels and holiday packages, rail tickets, bus tickets and taxis as well asancillary value added servicessuch as travel insurance, visa processing and tickets for activities and attractions.
| Bidding Dates |
|---|
| 08 Mar 2021 - 10 Mar 2021 |
| Subscription |
|---|
| 159.33x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,960 | 1 | 13 | 80 | 27.3 M | ₹186 - ₹187 | 74.9 % | ₹5072.7 M - ₹5100.0 M | RHP DOC |
Easy Trip Planners IPO SUBSCRIPTION STATUS
10 Mar '21Easy Trip Planners IPO overall subscription rate was 159.33 times the total available shares
Easy Trip Planners IPO retail subscription rate was 70.4 times in the retail segment
Easy Trip Planners IPO non-institutional investor subscription rate was 382.21 times in the non-institutional investor category
Easy Trip Planners IPO Qualified Institutional Bidder subscription rate was 77.53 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
10 Mar 2021 (Day 3) | 70.4x | 382.21x | 77.53x |
09 Mar 2021 (Day 2) | 32.71x | 4.05x | 0.28x |
08 Mar 2021 (Day 1) | 12.58x | 0.15x | 0x |
Easy Trip Planners FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 9MFY21 | 305.4 | 492.7 | 461.5 | 457.0 |
| FY20 | 329.8 | 1,413.6 | 277.0 | 246.2 |
Easy Trip Planners IPO SUBSCRIPTION STATUS DETAILS
Easy Trip Planners had 27.3 M shares on offer
Easy Trip Planners IPO offer price was in the range ₹186 - ₹187
Easy Trip Planners IPO minimum Investment was ₹14960
Easy Trip Planners IPO issue size was ₹ 5072.7 M - ₹ 5100.0 M
Easy Trip Planners had a minimum lot size of 80 Shares per application
Easy Trip Planners NUMBER OF SHARES ON OFFER
Easy Trip Planners IPO IMPORTANT DATES
| Issue Open Date | 08 Mar 2021 |
| Issue close Date | 10 Mar 2021 |
| Allotment Date | 16 Mar 2021 |
| Refund Date | 17 Mar 2021 |
| Demat Account Credit Date | 18 Mar 2021 |
| Listing Date | 19 Mar 2021 |
| Listing on Exchange(s) | NSE and BSE |
| Easy Trip Planners Allotment Status | Exchange |
Easy Trip Planners IPO subscription opened on 08 Mar 2021, and closed on 10 Mar 2021
IPO allotment for Easy Trip Planners was finalized on Tuesday, 16 Mar 2021
IPO listing for Easy Trip Planners was on NSE and BSE on Friday, 19 Mar 2021
Easy Trip Planners IPO LISTING GAINS
| Issue Price (adjusted) | 5.8 |
| Listing Open Price | 182.0 |
| Listing Close Price | 208.3 |
| Listing Gain% | -2.7% |
| Current Gain% | 12.7% |
Easy Trip Planners Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Easy Trip Planners Ltd. | 6.6 | 71.5 | -61.2 | 0.4 | 4.5 | -4.9 | -3.3 | 573.4 | -4.9 | -39.4 | -136.7 | -0.1 | -136.4 |
| Indian Railway Catering & Tourism Corporation Ltd. | 520 | 41596 | 29.9 | 5 | 8 | 32.3 | 18.4 | 5475.2 | 11.7 | 1393.5 | 6 | 17.4 | 6 |
| TBO Tek Ltd. | 1610.9 | 17492.4 | 66.1 | 4.7 | 5.7 | 15.8 | 2.6 | 2728.7 | 51.7 | 244.3 | 6.3 | 24.4 | 14.1 |
| BLS International Services Ltd. | 254.3 | 10471.8 | 14.8 | 0.6 | 3.3 | 27.9 | 18.2 | 3093.4 | 36 | 686.7 | 35.1 | 17.1 | 24.9 |
| LE Travenues Technology Ltd. | 176.2 | 7773.4 | 90.9 | 2.8 | 6.1 | 3.5 | 2.8 | 1275.3 | 36.8 | 72.1 | 19.9 | 1.9 | 32.8 |
| Thomas Cook (India) Ltd. | 104.1 | 4898.6 | 22.4 | -1.7 | 0.6 | 8.6 | 2.8 | 8557.8 | 3.3 | 218.8 | -14 | 4.6 | -12.9 |
Easy Trip Planners INFORMATION ON IPO ISSUE
About Easy Trip Planners
Easy Trip Planners was incorporated on June 4, 2008. The company offers a comprehensive range of travel-related products and services for end-to-end travel solutions, including airlinetickets, hotels and holiday packages, rail tickets, bus tickets and taxis as well asancillary value added servicessuch as travel insurance, visa processing and tickets for activities and attractions.
Object of the Issue
1. To achieve share listing benefits.
Easy Trip Planners - PROMOTERS
| Name |
|---|
| Nishant Pitti, |
| Rikant Pittie |
| Prashant Pitti |
Easy Trip Planners Book Running Lead Managers
Axis Capital Limited
emt@axiscap.in
JM Financial Limited
emt.ipo@jmfl.com
Easy Trip Planners Registrar to the Offer
KFin Technologies Private Limited
easytrip.ipo@kfintech.com
Easy Trip Planners Strengths
Brand name
The company has strong brand name and distribution network.
Financial performance
Consistent financial track record and operational performance.
Easy Trip Planners Risks
Dependent on airline ticketing business
The company is dependent on airline ticketing business, which generates a significant percentage of the revenues and is derived from a small number of airline suppliers in India.
Limited experience
Limited experience and operating history in certain of businesses, particularly in hotels and holiday packages, and railway ticketing operations, which makes it difficult to accurately assess the future growth prospects
IPO FAQs
Easy Trip Planners Ltd. IPO listing opened at Rs 182.00 while the issue price was Rs 187.00 giving -2.67% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 5.84 giving 12.67% gains since its IPO listing.
This IPO consists of an offer for sale of up to Rs 510.0 crore, of 27,272,727 shares.
The promoters of the company are Nishant Pitti, , Rikant Pittie and Prashant Pitti.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 186.0 - 187.0.
The IPO application opens on Mar 08, 2021 and closes on Mar 10, 2021.
The minimum lot size for the IPO is 80. The maximum lot size for the IPO is 1040.
For all category investors, the minimum application amount for this IPO is Rs. 14,960.0, the maximum value for this IPO is Rs 194,480.0.
This IPO will be allotted on Mar 16, 2021.
The refund will be credited to your account on Mar 17, 2021.
The allotted shares will be credited to your demat on Mar 18, 2021.
Easy Trip Planners Ltd.’s shares listed on the stock exchanges on Mar 19, 2021.