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EaseMyTrip IPO is a book built issue of Rs 510.00 crores. The issue is entirely an offer for sale.
EaseMyTrip IPO bidding started from March 8, 2021 and ended on March 10, 2021. The allotment for EaseMyTrip IPO was finalized on Tuesday, March 16, 2021. The shares got listed on BSE, NSE on March 19, 2021.
EaseMyTrip IPO price band is set at ₹186 to ₹187 per share. The minimum lot size for an application is 80 Shares. The minimum amount of investment required by retail investors is ₹14,960.
Axis Capital Limited and Jm Financial Limited are the book running lead managers of the EaseMyTrip IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to EaseMyTrip IPO RHP for detailed information.
| IPO Date | March 8, 2021 to March 10, 2021 |
| Listing Date | March 19, 2021 |
| Face Value | ₹2 per share |
| Price Band | ₹186 to ₹187 per share |
| Lot Size | 80 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹510.00 Cr) |
| Offer for Sale | [.] shares of ₹2 (aggregating up to ₹510.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 108,645,000 |
| Share holding post issue | 108,645,000 |
EaseMyTrip IPO offers 15,080,644 shares. 8,225,806 (54.55%) to QIB, 4,112,903 (27.27%) to NII, 2,741,935 (18.18%) to RII. 34,274 RIIs will receive minimum 80 shares and (sNII) and (bNII) will receive minimum 1,120 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 8,225,806 (54.55%) | NA |
| NII (HNI) Shares Offered | 4,112,903 (27.27%) | |
| Retail Shares Offered | 2,741,935 (18.18%) | 34,274 |
| Total Shares Offered | 15,080,644 (100%) |
EaseMyTrip IPO opens on March 8, 2021, and closes on March 10, 2021.
| IPO Open Date | Monday, March 8, 2021 |
| IPO Close Date | Wednesday, March 10, 2021 |
| Basis of Allotment | Tuesday, March 16, 2021 |
| Initiation of Refunds | Wednesday, March 17, 2021 |
| Credit of Shares to Demat | Thursday, March 18, 2021 |
| Listing Date | Friday, March 19, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 10, 2021 |
Investors can bid for a minimum of 80 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹14,960 |
| Retail (Max) | 13 | 1040 | ₹194,480 |
| Lot Size Calculator | |||
Mr. Nishant Pitti, Mr. Rikant Pittie, and Mr. Prashant Pitti are the company promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 75% |
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 IPO proceed to be used against the following purposes;
[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...
The EaseMyTrip IPO is subscribed 159.33 times on March 10, 2021 5:00:00 AM. The public issue subscribed 70.40 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) |
|---|---|
| QIB | 77.53 |
| NII | 382.21 |
| Retail | 70.40 |
| Total | 159.33 |
| Listing Date | March 19, 2021 |
| BSE Script Code | 543272 |
| NSE Symbol | EASEMYTRIP |
| ISIN | INE07O001018 |
| Final Issue Price | ₹187 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹187.00 |
| ₹206.00 |
| ₹187.00 |
| ₹233.15 |
| ₹208.30 |
| NSE |
|---|
| ₹187.00 |
| ₹212.25 |
| ₹187.20 |
| ₹234.00 |
| ₹208.45 |
Easy Trip Planners Limited
223, FIE Patparganj Industrial Area,
East Delhi, Delhi – 110 092, India
Phone: 91 11 4313 1313
Email: emt.secretarial@easemytrip.com
Website: http://www.easemytrip.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: easytrip.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
EaseMyTrip IPO is a main-board IPO of [.] equity shares of the face value of ₹2 aggregating up to ₹510.00 Crores. The issue is priced at ₹186 to ₹187 per share. The minimum order quantity is 80 Shares.
The IPO opens on March 8, 2021, and closes on March 10, 2021.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in EaseMyTrip IPO using UPI as a payment gateway. Zerodha customers can apply in EaseMyTrip IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in EaseMyTrip IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The EaseMyTrip IPO opens on March 8, 2021 and closes on March 10, 2021.
EaseMyTrip IPO lot size is 80 Shares, and the minimum amount required is ₹14,960.
You can apply in EaseMyTrip IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for EaseMyTrip 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 EaseMyTrip IPO allotment status.
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