EaseMyTrip IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 08 Mar 2021 - 10 Mar 2021
Issue Size ₹510.0 Cr
Issue Price ₹186-187
Market Lot 80 Shares
Shares on Offer
Registrar KFintech
GMP ₹175-200
Kostak N/A
Subject to Sauda ₹6500
Listing Date 19 March 2021
Listing Price ₹212.25
Listing Gain% 13.5

About Easy Trip Planners Limited

EaseMyTrip commenced its 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 2011by primarily focusing on the growing Indian middle class population’s travel requirements. With their presence in the B2B2C and B2C channels, they were 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. Their presence in three distinct distribution channels provide us with a diversified customer base and wide distribution network.

They have been providing customers with the option of no-convenience fee, such that customers are not required to pay any service fee in instances where there are no alternate discount or promotion coupon being availed. In their pricing model, they have endeavored to avoid hidden costs, which result in increasing the final price payable by the customer.

They believe that the strength of their brand, the quality of their services, their user-friendly websites (www.easemytrip.com and www.easemytrip.in), android and iOS based mobile applications (EaseMyTrip), their customer centric approach, as well as their efficient marketing programs have enabled us to develop significant market share in the domestic airline ticket business in India. In Fiscal 2019, GoAir, and SpiceJet, recognized us as amongst the top travel partners in terms of revenue and passenger count. The strength of their brand has increased significantly over the years.

They have a dedicated in-house technology team focused on developing a secure, advanced and scalable technology infrastructure and software. Their technology-enabled infrastructure and systems have enabled us to operate and maintain an efficient and lean organization related to the size of their operations. They have not required any equity infusion subsequent to their original incorporation requirements, and they have historically financed their working capital requirements and the expansion of their business and operations primarily through funds generated from their operations and debt financing.

They offer a comprehensive range of travel-related products and services catering to the needs of passengers traveling domestically, as well as traveling to and from international destinations. They provide the customers with various tools and information that they need to research, plan, book and purchase travel products and services in India as well as outside India. They offer their products and services online through their websites and mobile applications, and use data and analytics to personalize the customer experience on their websites and mobile applications, based on past searches and purchasing history, which they believe increases engagement and likelihood of purchase.

They believe that they have been able to develop relationships across their portfolio of suppliers for airlines, hotels, holiday packages, buses and taxis. They have dedicated teams managing their existing relationships and enhancing and developing new relationships with airlines and hotel chains. Their supplier relationship teams negotiate agreements with suppliers for access to travel inventory and also monitor supplier-sponsored promotions.

Company Promoters

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

Company Financials

Particulars 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets (In ₹ Millions) 2,823.37 2,430.88 1,802.89
Total Revenue (In ₹ Millions) 1,797.24 1,511.11 1,135.74
Profit After Tax (PAT) (In ₹ Millions) 346.48 239.93 0.30

Grey Market Premium Updates

Date GMP Kostak Subject to Sauda
10 Mar 2021 ₹175-200 N/A ₹6500
05 Mar 2021 ₹150-160 N/A ₹5000

Strengths & Weaknesses

Company Asset, Revenue and Profit is increasing snce 2018.
Company Profitability is about 20% which is very good.
Very high value for GMP and Subject to Sauda price.

Easy Trip Planners Limited IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 08 Mar 2021 0.00 0.15 12.58 2.33
Day 2 - 09 Mar 2021 0.28 4.05 32.71 7.20
Day 3 - 10 Mar 2021 77.53 382.21 70.40 159.33

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

Easy Trip Planners Limited IPO FAQs

  1. When will Easy Trip Planners Limited IPO open?

    Easy Trip Planners Limited IPO will open on 08 Mar 2021 and close on 10 Mar 2021.

  2. What is the listing date of Easy Trip Planners Limited IPO?

    Easy Trip Planners Limited IPO will list on 19 March 2021.

  3. What is the offer price of Easy Trip Planners Limited IPO?

    The offer price of Easy Trip Planners Limited IPO is ₹186-187.

  4. What is the lot size of Easy Trip Planners Limited IPO?

    The lot size of Easy Trip Planners Limited IPO is 80.

  5. What is the Grey Market Premium (GMP) price of Easy Trip Planners Limited IPO?

    The Grey Market Premium (GMP) price of Easy Trip Planners Limited IPO is ₹175-200.

  6. What is the Kostak price of Easy Trip Planners Limited IPO?

    The Kostak price of Easy Trip Planners Limited IPO is Not Available at the moment.

  7. What is the Subject to Sauda price for Easy Trip Planners Limited IPO?

    The Subject to Sauda price for Easy Trip Planners Limited IPO is ₹6500.

Easy Trip Planners Limited IPO Review/Comments

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