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Easy Trip Planners Limited IPO – Mar 8 to 10)

Easy Trip Planners Limited IPO – Mar 8 to 10

March 05, 2021

Easy Trip Planners Limited is coming out with a fresh public issue to raise Rs 510 crores from the market.

Key details of the issue:

  • Issue opens – Mar 8 (Monday)
  • Issue closes – Mar 10 (Wednesday)
  • Issue size – Rs 510 crores
  • Price band – Rs 186 to 187 per equity share

And here are some details of the company and further details on the Easy Trip Planners Limited issue.

Company details:

Easy Trip Planners is ranked second among the Key Online Travel Agencies in India in terms of booking volume in the nine months ended December 31, 2020, and third among the Key Online Travel Agencies in India in terms of gross booking revenues in Fiscal 2020 (Source: CRISIL Report).

The company has been consistently profitable since incorporation, and according to the CRISIL Report, the company has the only profitable online travel agency among the Key Online Travel Agencies in India in Fiscals 2018, 2019 and 2020 in terms of net profit margin (Industry Overview – Competitive Assessment of OTA in India – Key Observations)

The company offers 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 Dec 31, 2020, the company provided its 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. The number of travel agents registered with the company is 59,274 as of Dec 31, 2020.

The company commenced operations in 2008 by focusing on the B2B2C (business to business to customer) distribution channel and providing travel agents access to its website to book domestic travel airline tickets in order to cater to the offline travel market in India. Subsequently, by leveraging its B2B2C channel, the company commenced operations in the  B2C (business to customer) distribution channel in 2011.

Consequently, due to its presence in the B2B2C and B2C channels, the company was 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. The company's presence in three distinct distribution channels provides it with a diversified customer base and wide distribution network.

Issue size: Rs 510 crores

Issue break-up:

  • QIB – 75% of the offer – Rs 382.5 crores

  • NIB – 15% of the offer – Rs 76.5 crores

  • RET – 10% of the offer – Rs 51 crores

Listing: NSE and BSE

Registrar: KFin Technologies Private Limited

UPI: All retail applications through brokers are compulsorily in UPI mode

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by Team Espresso

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