Everything You Need to Know About Easy Trip Planners IPO

Easy Trip Planners is launching its IPO. The public offer of the company comprises offer for sale of equity shares worth Rs. 510 crores from the promoters. For more information, you can refer to the IPO Prospectus filed by the company.

About the company:

Easy Trip Planners is leading online travel agency operating in B2B2C (Business to Business to Consumer), B2C (Business to Consumer), B2E (Business to Enterprise) segments. Ranked second among the Key Online Travel Agencies in India in terms of gross booking revenues in Fiscal 2020.
The company offers a 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 through its online portal and mobile application EaseMyTrip.

Financial Yeae Ended (in ₹ million) Revenue PAT EPS EBITDA
March 2018 1,135.74 0.3 0.61 122.82
March 2019 1,511.11 239.93 2.7 448.09
March 2020 1,797.24 346.48 3.19 498.91
December 30, 2020 815.72 311.09 2.86 433.62

Indicative Timetable

Event Date
Issue Period 8th March 2021 - 10th March 2021
Price Range ₹ 186 - 187
Minimum Bid Quantity 80 and in multiples thereof
Finalisation of Allotment 16th March 2021
Initiation of Refunds 17th March 2021
Credit of Shares 18th March 2021
Listing Date 19th March 2021

How do I apply to the Ease My Trip IPO?

You can apply for the Ease My Trip IPO using any supported UPI app by following two steps:

  • Enter your bid on Console
  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click hereto learn more.

Came across these red flags while doing research for this IPO https://www.reddit.com/r/IndiaInvestments/comments/m0co1u/easemytrip_ipo_the_ken_says_they_werent_able_to/

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who is at #1? and by what margin?

Maybe makemytrip

On page 135 of the Red Herring Prospectus -

In Fiscal 2020, Easy Trip Planners Limited was ranked third among key Online Travel Agencies in India with
regards to gross booking revenues. In Fiscal 2020, MakeMyTrip Limited recorded gross booking revenues at ₹
451.6 billion, followed by Yatra Online, Inc. with gross booking revenues of ₹ 85.3 billion. Gross booking
revenues data was not available for Cleartrip Private Limited.

Easy Trip Planners Ltd recorded the highest growth of gross booking revenues among Key Online Travel Agencies in India with a CAGR of 47% during Fiscal 2018 to Fiscal 2020. MakeMyTrip Limited grew at a CAGR of 20%, followed by Yatra Online, Inc. which recorded a CAGR of (4)%, in terms of annual growth of gross booking revenues during Fiscal 2018 to Fiscal 2020.

In terms of on-year growth in gross booking revenues in Fiscal 2020, Easy Trip Planners Limited grew the fastest at 43% among Key Online Travel Agencies in India. For Fiscal 2020 on-year growth, MakeMyTrip Limited and Yatra Online, Inc., which witnessed a growth of 18% and (23)%, respectively. Gross booking revenues for Cleartrip Private Limited are not reported.

On page 131 of the Red Herring Prospectus -

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