Easy Trip Planners Limited is a parent company to EaseMyTrip Ltd. It is an online travel company involved in providing holiday packages, hotel bookings, air tickets, bus bookings and other white-label services since 2008. It is ready to go for its main board IPO on 08th March 2021 which closes on 10th March 2021. Face value per share is INR 2 per share to raise INR 510 crore through equity. The company will sell 2.72 crore shares with a price band of INR 186 – 187 per share with a lot size of 80 shares.
Key details of EaseMyTrip IPO:
When does the offer open?
This initial public offer will be open for subscription on 08th March 2021 and will close on 10th March 2021.
How many shares are issued and at what price?
The company is desirous of selling 2.72 crore shares of Face Value INR 2 per share with a price band ranging between INR 186 – 187 per share, to raise INR 510 crore by way of equity.
Is there any lot size?
The minimum bid size is 80 shares of the value of INR 14960 and can be subscribed to a maximum of 13 lots i.e. 1040 shares of the total value INR 1,94,480 by a retail investor.
Is there any price band?
The company in consultation with its merchant bankers will sell its shares with a price band ranging between INR 186 – 187 per share.
Where are the shares to be listed?
The shares are proposed to be listed both on NSE and BSE. KFintech Pvt Ltd will be the official registrar to this IPO.
What are the details of the quota fixed?
For retail investor the quota fixed is at 10% of the net offer however, QIB quota is fixed at 75% and the remaining 15% is reserved for NIIs.
What is the tentative date sheet of the IPO?
IPO launch Date 08th march 2021
Offer closing Date 10th March 2021
Finalisation on the basis of allotment 16th March 2021
Initialisation of Refunds 17th March 2021
Credit in Demat Account 18th March 2021
Listing of shares 19th March 2021
Who are the promoters of the company?
With 100% pre issue share-holding by promoters Nishant PItty, Prashant Pitty and Rikant Pitty are the sole promoters of the company.
Who are the Book Running Lead managers to this IPO?
Axis Capital Limited and JM Financial Consultants Pvt Ltd are Book Running Lead Managers to this IPO.
What is the objective behind the issue?
Since its inception the company has not infused any external equity to its capital base and neither it had been listed on any stock exchange, so to start to receive benefits of listing of shares in the market the company management decided to go public and launch an IPO.
All you should know about Easy Trip Planners.
EaseMy Trip is an online travel company providing holiday packages, air tickets, hotel bookings, bus bookings etc. founded by Rikant Pitty, Nishant Pitty and Prashant Pitty in 2008. Easy Trip Planners the parent company to EaseMy Trip Pvt Ltd is operating worldwide with offices in Dubai, Singapore, Bangkok and Maldives. With this IPO listed EaseMy Trip will become the first Online Travel Agency ever to be listed on the Indian stock market. This company is ranked second among the top online travel agencies in India as on 31 December 2020 in terms of booking volume.
Consolidated Financial Summary of Easy trip Planners IPO (Amount in Rs. Millions)
| 31 Dec 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 | |
| TOTAL ASSETS | 3,569.66 | 2,823.37 | 2,430.88 | 1,802.89 |
| TOTAL REVENUE | 815.72 | 1,797.24 | 1,511.11 | 1,135.74 |
| PROFIT AFTER TAX (PAT) | 311.09 | 346.48 | 239.93 | 0.03 |
