Easy Trip Planners Limited IPO - Subscribe or not?
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Easy Trip Planners Limited IPO – Subscribe or not?
- IPO Opening Date Mar 8, 2021
- IPO Closing Date Mar 10, 2021
- Issue Type Book Built Issue IPO
- Face Value ₹2 per equity share
- IPO Price ₹186 to ₹187 per equity share
- Market Lot 80 Shares
- Min Order Quantity 80 Shares
- Listing At BSE, 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)
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IPO
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Stock Markets
Deal Wiki
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Last updated by: Floriya
Online travel company Easy Trip Planners’ initial public offering (IPO) opens for subscription on March 8. The company has fixed the price band at Rs 186-187 per share and aims to raise Rs 510 crore. The grey market is gung ho over the IPO, thanks to the bulls taking charge of the secondary market.
Grey market premium of the New Delhi-based company has surged to Rs 166-170 in the unofficial market, translating into as much as 90 per cent premium over the IPO price. The company operates the travel and tourism website EaseMyTrip.com.
Investors can bid for a minimum of 80 equity shares and in multiples thereafter. The three-day bidding process will close on March 10. The anchor investors portion will be opened for subscription on March 5.
Up to 75 per cent of the issue is reserved for qualified institutional buyers (QIB) and 15 per cent for non-institutional investors (NII). Merely 10 per cent of the issue is set aside for the retail investors.
- Easy Trip Planners doesn’t have any listed peers in India. Among his key competition, MakeMyTrip got listed on Nasdaq in 2010. Another peer Yatra too made its debut on Nasdaq at the end of 2016.
- Easy Trip Planners’ issue is being managed by Axis Capital and JM Financial. KFin Technologies is the registrar for the issue. The scrip will be listed on both BSE and NSE.
Disclaimer: We are not SEBI registered. The information provided herein is for education purpose only. We will not be responsible for any of your profit/loss with this channels suggestion. Consult your financial advisor before take any decision
https://www.moneycontrol.com/news/business/ipo/...
Online travel agency Easy Trip Planners has fixed a price band at Rs 186-187 per share for its upcoming public issue. The said issue is going to open for subscription on March 8.
Investors can bid for a minimum of 80 equity shares and in multiples of 80 shares thereafter, which translates the minimum bidding amount to Rs 14,960 at a higher end of the price band.
Easy Trips will garner Rs 510 crore through its public offer which is a complete offer for sale. Promoters Nishant Pitti and Rikant Pittie will offload up to Rs 255 crore worth of shares each via offer for sale.
Promoters held 49.81 percent and 49.68 percent stake, respectively in the company. The issue will close on March 10, 2021, and the anchor book, if any, will open for a day on March 5.
Easy Trip Planners offers a comprehensive 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.
As of March 2020, it had 55,981 travel agents registered with the company across almost all major cities in India. According to a CRISIL report, it had the largest network of travel agents among key online travel agencies. Furthermore, the number of travel agents registered with the company increased to 59,274, as of December 2020.
The company has been consistently profitable since incorporation, and according to the CRISIL report, it was the only profitable online travel agency among the key online travel agencies in India during FY18-FY20 in terms of net profit margin.
Its market share in the total Indian online travel agency industry in terms of gross booking revenues and gross booking revenues for airline ticketing segment was approximately 4.6 percent, and 5.5 percent-6.5 percent, respectively, in FY20.
Axis Capital and JM Financial are the book-running lead managers to the issue. 
Yes company us having a great sale after covid also
@Nationalist As i said be picky.
@MJ911 @bumblefoot @Rosh_0007 @Priyanka @Floriya @anthrax.ut @admin – There are more than 10 IPO’s which would be coming in a month or two so why don’t we create a universal thread for all so that it would be easy for all dimers investing in these IPO’s or else it would be total fun for all 
. TIA.
#AA_JJ 
Yes please, Neki aur poochPooch!
TS: Good idea. Please create one. It will be easy to discuss.
Easy Trip has a very bad reputation . Check Twitter and see how many people complain. I don’t know market well but one thing is, these people are useless for investing either.
Lol it’s a profitable company 200 cr cash in balance sheet
Now GMP is 90%
@MrKool_JJ Bro are you going to apply for easy trip or will wait for last date figures ?
Lol, i am not the IPO king here hehe 
Well, the rule remains the same for all IPO’s i.e. check for the subscription figures on the 3rd day after 1pm and apply in full force if you are convinced (please only use this technique if you just need listing gains). Long term investors should never wait for subs figures 
The only drawback of applying on day 3 is that their servers may go berserk due to logoka pagalpanti.
70% people feel like applying
@BubbleBoyChickenLittle noiceee
In this IPO frenzy time, most of the IPOs are giving listing gains. Otherwise this is not a solid company to apply nor does the valuations are attractive. Even the end use of money is not towards any company growth. I will apply for one lot only for quick listing gains.
PS – I am not an expert. Pls do your own due diligence before you take any decision.
In how many days is the money unblocked or released if no allotment happens..??
HNI and FII figures are flat as of now.
Too much competition in RII which makes our chances less of getting this allotment.
I will again check the figures in the next 2 or 3 hours to get the complete picture.
@kshitizchaurasia
HNI’s are getting active now
Iss IPO mein allotment lag jaye to life jingalalla 
Ek aur samasya hai. ASBA me show nahi kar raha SBI, ICICI aur HDFC me ye IPO. Sharekhan aur Zerodha se apply karna pada UPI mandate se.
Only till 2pm in sbi hdfc 4 I think
Try karo mil jayega @Kim_Jong_jun
Mera jeevan Kora kaagaz Kora hi reh gyaaaaàaaa 
@MrKool_JJ (koi tantra mantra hi kardo Bhai) 
How to know allotment status?
Nowadays getting IPO allotted means you are too lucky. Process is not transparent.
One tip – Don’t wait for last day to apply.
Though it’s lottery system but system pick up maximum allotments from early investors who show confidence on 1st or 2nd day.
As usual no allotment
16-0 😂.let’s see when will my strike ends.
Near to undertaker strike in wwe😆
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IPO Opening Date Mar 8, 2021
IPO Closing Date Mar 10, 2021
Issue Type Book Built Issue IPO
Face Value ₹2 per equity share
IPO Price ₹186 to ₹187 per equity share
Market Lot 80 Shares
Min Order Quantity 80 Shares
Listing At BSE, 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)