Easy Trip Planners IPO day 2: Issue subscribed 4.10 times on retail support

Incorporated in 2008, Easy Trip Planners Ltd is the second largest online travel agency in India in terms of gross revenue. The online travel agency offers a range of travel products and services and end-to-end travel solutions including airline tickets, rail tickets, bus tickets, taxis, holiday packages, hotels, and other value-added services i.e. travel insurance, visa processing, etc.

Easy Trip offers a range of online traveling services through its website and Ease My Trip android and iOS mobile app. The company follows B2B2C (business to business to customer), B2C (business to customer), and B2E (business to enterprise) distribution channels to offers its services.

As of November 2019, the firm has served customers with more than 400 domestic and international airlines, and 1,096,400 hotels. As of March 2019, it had 49,494 registered travel agents across major cities of India.

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Competitive strengths

  • One of the leading online travel agencies in India.
  • Strong brand name and distribution network.
  • In-house advanced technology infrastructure.
  • Consistent financial track record and operational performance.

Company Promoters:

Mr. Nishant Pitti, Mr. Rikant Pittie, and Mr. Prashant Pitti are the company promoters.

Company Financials:

ParticularsFor the year/period ended (Rs in million)
31-Dec-2031-Mar-2031-Mar-1931-Mar-18
Total Assets3,569.662,823.372,430.881,802.89
Total Revenue815.721,797.241,511.111,135.74
Profit After Tax311.09346.48239.930.30

Objects of the Issue:

The IPO proceed to be used against the following purposes;

  • To achieve share listing benefits.
  • To sell up to [_] equity shares agggregating up to Rs. 5100 million.

EaseMyTrip IPO Details

IPO Opening DateMar 8, 2021
IPO Closing DateMar 10, 2021
Issue TypeBook Built Issue IPO
Face Value₹2 per equity share
IPO Price₹186 to ₹187 per equity share
Market Lot80 Shares
Min Order Quantity80 Shares
Listing AtBSE, NSE
Issue Size[.] Eq Shares of ₹2
(aggregating up to ₹510.00 Cr)
Offer for Sale[.] Eq Shares of ₹2
(aggregating up to ₹510.00 Cr)

EaseMyTrip IPO Tentative Timetable

The EaseMyTrip IPO open date is Mar 8, 2021, and the close date is Mar 10, 2021. The issue may list on Mar 19, 2021.

IPO Open DateMar 8, 2021
IPO Close DateMar 10, 2021
Basis of Allotment DateMar 16, 2021
Initiation of RefundsMar 17, 2021
Credit of Shares to Demat AccountMar 18, 2021
IPO Listing DateMar 19, 2021

EaseMyTrip IPO Lot Size

The EaseMyTrip IPO market lot size is 80 shares. A retail-individual investor can apply for up to 13 lots (1040 shares or ₹194,480).

ApplicationLotsSharesAmount (Cut-off)
Minimum180₹14,960
Maximum131040₹194,480

EaseMyTrip IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding75%

EaseMyTrip IPO Subscription Status (Bidding Detail)

The EaseMyTrip IPO is subscribed 3.51x times on Mar 9, 2021 02:09. The public issue subscribed 18.35x in the retail category, 0.01x in the QIB category, and 0.59x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB 0.01x
NII 0.59x
RII 18.35x
Total 3.51x