Easy Trip Planners IPO is Next: Check GMP, Dates, Price, and more

The 510 Crore Easy Trip Planners IPO is scheduled for release soon. It is nothing but the well known online travel company, EaseMyTrip. It will be the 1st company in this segment to be listed in the stock market. The face value here is Rs 2 per equity share. The company will use the raised money to scale its business as this is a highly competitive space. Now, let's check out some of the important things of this IPO which you should be aware of.

This is the season of IPOs as it will be the 10th IPO in 2021 so far after the market boosters, Heranba Industries and RailTel. Besides, Blackstone’s Sona Comstar IPO is also going to be launched soon.

The Easy Trip Planners IPO will open for subscription on 8th March 2021 and close on 10th March 2021. Thus, you have 3 days to submit your application so think well before opting.

The Easy Trip Planners IPO is slated to announce allotment of shares on 16th March 2021. On the next day, it will give refunds to those who were not lucky enough to grab it. Finally, on 18th March, shares will be allotted in the demat accounts.

To check your Subscription Status for EaseMyTrip IPO, visit KFin Technologies’s IPO Allotment Page and enter your Application No or DPID/Client ID or PAN No. KFin is also the registrar of this company so you will get accurate & quick results.

The Easy Trip Planners IPO will be listed on NSE and BSE on 19th March, 2021. As always, this IPO will also be listed on a Friday.

The price band of EaseMyTrip IPO is Rs 186-187 per equity share. Thus, it is priced decently which can be great for retail investors.

Today’s(10:05 IST) GMP or Grey Market Premium of EaseMyTrip IPO is Rs 160. Thus, it is trading at more than 70% profit. On 4th March 2021, its GMP was sky high at 96%. Thus, it saw a significant drop maybe due to the stellar listing of Heranba Industries IPO.

You can buy a minimum 1 lot and maximum 13 lots of 80 shares each. Thus, 1 lot will cost you Rs 14,960 and 13 lots at Rs 1,94,480.

Retail Investors can grab 10% of shares while the maximum 75% is reserved for QIB(Qualified Institutional Buyers) and 15% for NII(Non-institutional Investors). Thus, retailers can grab around 27 Lakh shares.

Easy Trip Planners Limited operates EaseMyTrip.com from 2008 which is an online travel company. It helps consumers, businesses, and enterprises to book almost everything related to online travel. Let's have a look at some of its working areas.

1. Flight, Bus, and Train Tickets Online.
2. Hotel Booking.
3. Holiday Packages.
4. Cab Booking.
5. Visa and Passport Services.

It’s main peers include MakeMyTrip, Yatra, and ClearTrip. Besides, sub-peers include Paytm, Oyo Rooms, and others. It currently has tie-up with 400 domestic and international airways, and 10 Lakh+ hotels all over the world.

EaseMyTrip managed to get the highest profit among its peers in the last 9 months amid the Coronavirus pandemic. Moreover, it is the 2nd largest company in terms of gross revenue in the last year. Although, compared to last year, it has lost Rs 1164 million in revenue. Besides, it lost Rs 35 million in net profits(Covid-19 impact), but added more Rs 72 million to the profits in March-19. Its major revenue comes from flight bookings and plays a key role in India’s online travel ticketing market.

As we know that the travel industry was hugely impacted due to the ongoing pandemic, this company also faced hardships which shook its financials. Although, it has come back strongly since the industry has picked up pace in recent times. Given its strong presence in the industry, you can definitely go for long term investment, but in the present scenario it seems dicey to give good returns to short term players. Talking about returns, you can check out the Top 5 ETFs in India to invest in 2021 using SIP.

Will this IPO rise or fall on listing? Let us know your opinions in the comments below.