Easy Trip Planners Limited is coming up with its IPO size of Rs 591 crore which opens on 8th March 2021. The IPO is purely an offer for sale consisting sale of shares by its promoters, Mr. Nishant Pitti and Mr. Rikant Pittie.
Offer details of the IPO are:
|Offer Size||Rs 510 cr|
|Offer for sale||Rs 510 cr|
|Price Band||Rs 186-Rs 187 per share|
|Offer Period||Mar 8, 2021- Mar 10, 2021|
|Offer Structure||QIBs: up to 75% of the offer
NIIs: up to 15% of the offer
RIIs : up to 10% of the offer
|Market Lot||Minimum (1 lot), 80 shares (Rs 14960)
Maximum (13 lots),1040 shares (Rs 194,480)
|Listing on||BSE, NSE|
|BRLM’s||Axis Capital, JM Financial|
Easy Trip Planners 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. The company provides 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.
Easy Trip Planners has offices in Delhi, Noida, Bangalore, Mumbai, and Hyderabad. Overseas, it has offices in Singapore, Dubai, and London. The company has 480 employees, 59,274 travel agents as of December 31, 2020, and 9.27 million users.
The company 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. It started operations in the B2C (business to customer) distribution channel in the year 2011 by primarily focusing on the growing Indian middle-class population’s travel requirements.
The company started its operations in the B2E (business to enterprise) distribution channel in 2013 with the aim of providing end-to-end travel solutions to corporates. Thus the three distinct distribution channels aided it in a diversified customer base and wide distribution network.