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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 ₹187.00 per share . The lot size for an application is 80. The minimum amount of investment required by an retail is ₹14,880 (80 shares). 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 Date | March 8, 2021 to March 10, 2021 |
| Listing Date | March 19, 2021 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹186 to ₹187 per share |
| Issue Price Final | ₹187 per share |
| Lot Size | 80 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 2,72,72,727 shares (aggregating up to ₹510.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 10,86,45,000 shares |
| Share Holding Post Issue | 10,86,45,000 shares |
EaseMyTrip IPO offers total 2,72,72,727 shares. Out of which 2,04,54,546 (75.00%) allocated to QIB, 81,81,819 (30.00%) allocated to QIB, 40,90,909 (15.00%) allocated to NII, 27,27,272 (10.00%) allocated to RII and 1,22,72,727 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
Easy Trip Planners IPO opens on March 8, 2021, and closes on March 10, 2021.
| IPO Open Date | Mon, Mar 8, 2021 |
| IPO Close Date | Wed, Mar 10, 2021 |
| Tentative Allotment | Tue, Mar 16, 2021 |
| Initiation of Refunds | Wed, Mar 17, 2021 |
| Credit of Shares to Demat | Thu, Mar 18, 2021 |
| Tentative Listing Date | Fri, Mar 19, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Mar 10, 2021 |
Investors can bid for a minimum of 80 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (Rs in million) | ||||
|---|---|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| 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 | 311.09 | 346.48 | 239.93 | 0.30 | |
The Company Easy Trip Planners IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] Based on its financial data, the issue appears fully priced. Being the first mover in the online travel service segment with niche play, the company may attract fancy post listing. ETPL is operating an asset-light model of business with negligible borrowings. Rising trade receivables and trade payables coupled with declined bank deposits are the major concerns. Considering all these, investors may consider investing in this IPO with a long term perspective. Read detail review...
| Listing Date | March 19, 2021 |
| BSE Script Code | 543272 |
| NSE Symbol | EASEMYTRIP |
| ISIN | INE07O001018 |
| Final Issue Price | ₹187 per share |
| BSE Listing Group | B |
Easy Trip Planners Ltd.
223,
FIE Patparganj Industrial Area,
East Delhi, New Delhi, 110092
Phone: 91 11 4313 1313
Email: emt.secretarial@easemytrip.com
Website: http://www.easemytrip.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: easytrip.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
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 ₹510.00 Crores. The issue is priced at ₹187 per share. The minimum order quantity is 80.
The IPO opens on March 8, 2021, and closes on March 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 March 8, 2021 and closes on March 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 Thursday, March 18, 2021. Check the Easy Trip Planners IPO allotment status.
The Easy Trip Planners IPO listing date is on Friday, March 19, 2021.
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