EaseMyTrip IPO Basis of Allotment

This is a public announcement for information purposes only and is not a prospectus announcement. This does not constitute an invitation or offer to acquire, purchase or subscribe for securities. Not for release, publication or distribution, directly or indirectly outside India.

Our Company was incorporated as 'Easy Trip Planners Private Limited', a private limited company under the Companies Act, 1956, pursuant to the certificate of incorporation dated June 4, 2008 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana at New Delhi ("RoC"). Thereafter, upon conversion to a public limited company, the name of our Company was changed to 'Easy Trip Planners Limited' pursuant to our Shareholders' resolution dated April 12, 2019 and a fresh certificate of incorporation dated May 11, 2019 issued by the RoC. For details of change in the name and registered office of our Company, see "History and Certain Corporate Matters" beginning on page 161 of the prospectus dated March 11, 2021, filed by the Company with the RoC ('Prospectus').

Our Company has filed the Prospectus with the RoC and the Equity Shares are proposed to be listed on the National Stock Exchange of India Limited ("NSE") and the BSE Limited ("BSE") and trading of the Equity Shares Allotted pursuant to the Offer will commence on Friday, March 19, 2021.

INITIAL PUBLIC OFFERING OF 27,272,727 EQUITY SHARES OF FACE VALUE OF RS. 2 EACH (THE "EQUITY SHARES") OF EASY TRIP PLANNERS LIMITED ("OUR COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 187 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF f 185 PER EQUITY SHARE) AGGREGATING TO RS. 5,100 MILLION (THE "OFFER"), COMPRISING OF AN OFFER FOR SALE OF 13,636,363 EQUITY SHARES AGGREGATING TO RS. 2,550 MILLION BY MR. NISHANT PITTI AND 13,636,364 EQUITY SHARES AGGREGATING TO RS. 2,550 MILLION BY MR. RIKANT PITTI (TOGETHER WITH MR. NISHANT PITTI, THE "PROMOTER SELLING SHAREHOLDERS"). THE OFFER CONSTITUTED 25.10 % OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.

The Offer was made in terms of Rule 19(2) (b) of the Securities Contracts (Regulation) Rules, 1957, as amended read with Regulation 31 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the "SEBIICDR Regulations"). This Offer was made through the Book Building Process in compliance with Regulation 6(2) of the SEBI ICDR Regulations, wherein not less than 75% of the Offer was made available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs", and such portion the "QIB Portion"). Our Company and the Promoter Selling Shareholders, in consultation with the BRIMs, allocated up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (the "Anchor Investor Portion"). At least one-third of the Anchor Investor Portion was reserved for domestic Mutual Funds only, subject to valid Bids having been received from the domestic Mutual Funds at or above the price at which allocation was made to Anchor Investors ("Anchor Investor Allocation Price"). Further. 5% of the Net QIB Portion was made available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion was made available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids having been received at or above the Offer Price. If at least 75% of the Offer cannot be Allotted to QIBs, the Bid Amounts received by our Company shall be refunded. Further, not more than 15% of the Offer was made available for allocation on a proportionate basis to Non-Institutional Bidders ("Non-Institutional Portion") and not more than 10% of the Offer was made available for allocation to Retail Individual Bidders ("Retail Portion"), in accordance with the SEBI ICDR Regulations, subject to valid Bids having been received at or above the Offer Price. All potential Investors (other than Anchor Investors) were required to mandatory participate in this Offer only through the Application Supported by Blocked Amount ("ASBA") process, providing details of their respective bank accounts (including UPI ID in case of Retail Individual Bidders) which were blocked by the Self Certified Syndicate Banks or the Sponsor Bank, as applicable, to participate in the Offer. Anchor Investors were not permitted to participate in the Offer through the ASBA process. For details, see 'Offer Procedure' on page 426 of the Prospectus.

The bidding for Anchor Investor opened and closed on Friday. March 5, 2021. The Company received 35 applications from 15 Anchor Investors (including 7 mutual funds through 26 Mutual Fund Schemes) for 12,272,800 Equity Shares. The Anchor Investor Offer Price was finalized at Rs. 187 per Equity Share. A total of 12,272,727 Equity Shares were allocated under the Anchor Investor Portion aggregating to Rs. 2,29,49,99,949/-. The Offer (excluding Anchor Investor Portion) received 18,17,076 applications for 2,38,51,23,520 Equity Shares (prior to technical rejections) resulting in 159.01 times subscription. The details of the applications received in the Offer from Retail Individual Investors, Non-Institutional Investors and QIBs are as under (before technical rejections, multiple or duplicate Bids and Bids not banked / returned):

Final Demand

A summary of the final demand as per BSE and NSE as on the Bid/Offer Closing Date at different Bid prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being the NSE on March 16, 2021

A. Allotment to Retail Individual Bidders (After technical rejections, multiple or duplicate Bids and Bids not banked / returned)

The Basis of Allotment to the Retail Individual Bidders, who have bid at the Cut-Off Price or at the Offer Price of Rs. 187 per Equity Share, was finalized in consultation with the NSE. This category has been subscribed to the extent of 62.95055 times. The total number of Equity Shares Allotted in Retail Portion is 27,27,272 Equity Shares to 34,090 successful Retail Individual Bidder. The category-wise details of the Basis of Allotment are as under:

Please Note: 1 additional Share shall be allotted to 72 Allottees from amongst 2383 Successful Applicants from the categories 160-1040 (i.e. excluding successful applicants from Category 80) in the ratio of 72:2383

B. Allotment to Non-Institutional Bidders (after technical rejections, multiple or duplicate Bids and Bids not banked I returned)

The Basis of Allotment to the Non-Institutional Bidders who have bid at the Offer Price of Rs. 187 per Equity Share was finalized in consultation with the NSE. The Non-Institutional Portion has been subscribed to the extent of 383.34389 times. The total number of Equity Shares Allotted in this category is 40,90,909 Equity Shares to 1,184 successful Non-Institutional Bidders. The category-wise details of the Basis of Allotment are as under (Sample):

C. Allotment to QIBs (excluding Anchor Investors) (after technical rejections, multiple or duplicate Bids and Bids not banked / returned)

Allotment to QIBs, who have Bid at the Offer Price of Rs. 187 per Equity Share, has been done on a proportionate basis in consultation with the NSE. This category has been subscribed to the extent of 78.07391 times of QIB Portion As per the SEBIICDR Regulations. Mutual Funds were Allotted 5% of the Equity Shares of QIB Portion available i.e. 4,09,091 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were Allotted the remaining available Equity Shares i.e. 77,72,728 Equity Shares on a proportionate basis. The total number of Equity Shares Allotted in the QIB Portion is 81,81,819 Equity Shares, which were allotted to 127 successful QIB Bidders. The category-wise details of the Basis of Allotment are as under:

D. Allotment to Anchor Investors

The Company and Promoter Selling Shareholders, in consultation with the BRLMs, have allocated 1,22,72,727 Equity Shares to 35 Anchor Investors (through 15 Applications) at the Anchor Investor Offer Price of Rs. 187 per Equity Share in accordance with the SEBI ICDR Regulations. This represents 60% of the QIB Portion

The members of the IPO Committee of our Company on Tuesday March, 16, 2021 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being NSE and has allotted the Equity Shares to various successful applicants. The Allotment Advice-cum- refund intimation are being dispatched to the address of the investors as registered with the depositories. Further, the instructions to the Self Certified Syndicate Banks for unblocking of funds, transfer to Public Offer Account have been issued on Tuesday, March 16, 2021. In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below. The Equity Shares Allotted to the successful Allottees have been uploaded on Wednesday, March 17, 2021 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has filed the listing application with NSE and BSE on Thursday, March 18, 2021. The Company has obtained the listing and trading approval from NSE and BSE and the trading will commence on Friday, March 19, 2021

Note: All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus.

INVESTORS PLEASE NOTE

These details of the Allotment made have been hosted on the website of Registrar to the Offer, KFin Technologies Private Limited at www.kfintech.com .

All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the first/sole Bidder. Bid-cum- Application Form number, Bidder DP ID, Client ID, PAN, date of submission of Bid-cum-Application Form, address of the Bidder, number of Equity Shares applied for, the name and address of the Designated Intermediary where the Bid-cum-Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below:

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF EASY TRIP PLANNERS LIMITED.

Easy Trip Planners Limited has filed the Prospectus with the RoC on March 11, 2021 and thereafter with SEBI and Stock Exchanges. The Prospectus is available on the websites of SEBI, BSE and NSE at www.sebi.gov.in, www.bseindia.com and www.nseindia.com, respectively, and on the websites of the book running lead managers, Axis Capital Limited and JM Financial Limited at www.axiscapital.co.in and www.jmfl.com, respectively.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("Securities Act") or any state securities laws in the United States, and unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and m accordance with any applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold outside the United States in 'offshore transactions' in reliance on Regulation S under the Securities Act and the applicable laws of the jurisdictions where such offers and sales are made. There will be no public offering in the United States.