Easy Trip Planners IPO- Details

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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 Details
Offer Size Rs 510 cr
of which
Fresh Issue NIL
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
Registrar Kfintech

Business Review

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.

 

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About CA Priyanka Choudhary Jain 98 Articles
Chartered Accountant & an experienced credit analyst. She has worked with CRISIL as a Senior Credit Analyst on rating assignments including business & financial analysis in Corporates as well as the Public Finance Sector. Please mail your queries, feedback, and any suggestions to her on info.financepost@gmail.com

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