Bookbuilding IPO | ₹510 Cr | Listed at BSE, NSE | Mon, Mar 8, 2021 - Wed, Mar 10, 2021
Easy Trip Planners IPO is a book build issue of ₹510.00 crores. The issue is entirely an offer for sale of 2.73 crore shares of ₹510.00 crore.
Easy Trip Planners IPO bidding started from Mar 8, 2021 and ended on Mar 10, 2021. The allotment for Easy Trip Planners IPO was finalized on Mar 16, 2021. The shares got listed on BSE, NSE on Mar 19, 2021.
Easy Trip Planners IPO price band is set at ₹187 per share. The lot size for an application is 80. The minimum amount of investment required by an retail is ₹14,960 (80 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,120 shares), amounting to ₹2,09,440, and for bNII, it is 67 lots (5,360 shares), amounting to ₹10,02,320.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Easy Trip Planners IPO RHP for detailed Information.
IPO Open
Mon, Mar 8, 2021
IPO Close
Wed, Mar 10, 2021
Issue Price
₹187 per share
Market Cap (Pre-IPO)
₹2,031.66 Cr
| IPO Date | 8 to 10 Mar, 2021 |
| Listed on | Fri, Mar 19, 2021 |
| Face Value | ₹2 per share |
| Price Band | ₹186 to ₹187 |
| Issue Price | ₹187 per share |
| Lot Size | 80 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,72,72,727 shares (agg. up to ₹510 Cr) |
| Offer for Sale | 2,72,72,727 shares of ₹2 (agg. up to ₹510 Cr) |
| Share Holding Pre Issue | 10,86,45,000 shares |
| Share Holding Post Issue | 10,86,45,000 shares |
| BSE Script Code / NSE Symbol | 543272 / EASEMYTRIP |
| ISIN | INE07O001018 |
Easy Trip Planners IPO comprises a total issue size of 2,72,72,727 shares. Out of which, 2,04,54,546 (75.00%) are allocated to QIB, 40,90,909 (15.00%) allocated to NII 27,27,272 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 2,04,54,546 | 75.00% | NA |
| − Anchor Investor Shares Offered | 1,22,72,727 | 45.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 81,81,819 | 30.00% | NA |
| NII (HNI) Shares Offered | 40,90,909 | 15.00% | NA |
| Retail Shares Offered | 27,27,272 | 10.00% | 34,090 |
| Total Shares Offered | 2,72,72,727 | 100.00% |
Investors can bid for a minimum of 80 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹14,960 |
| Retail (Max) | 13 | 1,040 | ₹1,94,480 |
| S-HNI (Min) | 14 | 1,120 | ₹2,09,440 |
| S-HNI (Max) | 66 | 5,280 | ₹9,87,360 |
| B-HNI (Min) | 67 | 5,360 | ₹10,02,320 |
Easy Trip Planners IPO raises ₹229.50 crore from anchor investors. Easy Trip Planners IPO Anchor bid date is March 5, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Mar 5, 2021 |
| Shares Offered | 1,22,72,727 |
| Anchor Portion (₹ Cr.) | 229.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Apr 15, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Jun 14, 2021 |
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.
Competitive strengths
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the sale of 27,272,727 Equity Shares by the Promoter Selling Shareholders |
The EaseMyTrip IPO is subscribed 159.33 times on March 10, 2021 5:00:00 AM (Day 3). The public issue subscribed 70.4 times in the retail category, 77.53 times in the QIB category, and 382.21 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 77.53 | 82,25,806 | 63,77,67,440 |
| NII | 382.21 | 41,12,903 | 1,57,19,76,640 |
| Retail | 70.4 | 27,41,935 | 19,30,38,240 |
| Total | 159.33 | 1,50,80,644 | 2,40,27,82,320 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs (including brokerage, underwriting fees and selling commission) | 21.06 |
| 2 | Commission and processing fee for SCSBs, Sponsor Bankand Bankers to the Offer and brokerage and selling commission for members of the Syndicate, Registered Brokers, RTAs or CDPs | 4.11 |
| 3 | Fee payable to Registrar to the Offer | 0.24 |
| 4 | Printing and stationery expenses | 1.10 |
| 5 | Advertising and marketing expenses | 2.62 |
| 6 | Listing fee, SEBI and stock Exchanges processing fee and book building software fees, Fee payable to legal counsels, Miscellaneous | 14.82 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹187.00 | ₹187.00 |
| Open | ₹206.00 | ₹212.25 |
| Low | ₹187.00 | ₹187.20 |
| High | ₹233.15 | ₹234.00 |
| Last Trade | ₹208.30 | ₹208.45 |
Lead Manager Reports
Easy Trip Planners IPO is a main-board IPO of 2,72,72,727 equity shares of the face value of ₹2 aggregating up to ₹510 Crores. The issue is priced at ₹187 per share. The minimum order quantity is 80.
The IPO opens on Mon, Mar 8, 2021, and closes on Wed, Mar 10, 2021.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Easy Trip Planners IPO using UPI as a payment gateway. Zerodha customers can apply in Easy Trip Planners IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Easy Trip Planners IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Easy Trip Planners IPO opens on Mon, Mar 8, 2021 and closes on Wed, Mar 10, 2021.
Easy Trip Planners IPO lot size is 80, and the minimum amount required for application is ₹14,960.
You can apply in Easy Trip Planners IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Easy Trip Planners IPO will be done on Tuesday, March 16, 2021, and the allotted shares will be credited to your demat account by Thu, Mar 18, 2021. Check the Easy Trip Planners IPO allotment status.
The Easy Trip Planners IPO listing date is on Fri, Mar 19, 2021.
