About the Company:
Easy Trip Planners Ltd offers a comprehensive range of travel-related products and services for end-to-end travel solutions, including airline tickets, hotels and holiday packages, rail tickets, bus tickets and taxis as well as ancillary value added services such as travel insurance, visa processing and tickets for activities and attractions.
Company provides customers with access to more than 400 international and domestic airlines, more than 1,096,400 hotels in India and international jurisdictions, almost all the railway stations in India as well as bus tickets and taxi rentals for major cities in India.
As of December 31, 2020, company had 59,274 travel agents registered with the company across almost all major cities in India and As of December 31, 2020, company had 349 full-time employees
Company’s History:
Easy Trip Planners had commenced operations in 2008 by focusing on the B2B2C (business to business to customer) distribution channel and providing travel agents access to our website to book domestic travel airline tickets in order to cater to the offline travel market in India.
Due to company’s presence in the B2B2C and B2C channels, company was able to commence operations in the B2E (business to enterprise) distribution channel in 2013.with the aim of providing end-to-end travel solutions to corporates.
Company’s presence in three distinct distribution channels provide us with a diversified customer base and wide distribution network.
Company’s B2C Business:
Company’s Registered Customers in the B2C channel increased at a CAGR of 28.24% from 5.87 million customers as of March 31, 2018 to 9.66 million customers as of March 31, 2020, and further increased to 10.32 million customers as of December 31, 2020.
Further, company’s Gross Booking Volumes increased by 54.43% from 2.37 million in Fiscal 2018 to 3.66 million in Fiscal 2019 and by 48.36% from 3.66 million in Fiscal 2019 to 5.43 million in Fiscal 2020.
Company’s Market share in the Indian online travel Business:
Easy Trip Planners market share in the total Indian online travel agency industry in terms of gross booking revenues and gross booking revenues for airline ticketing segment was approximately 4.6%, and 6%, respectively, in Fiscal 2020.
Company’s Websites:
Easy Trip Planners Ltd operates two websites namely (www.easemytrip.com and www.easemytrip.in), android and iOS based mobile applications (EaseMyTrip).
Company’s customer centric approach, as well as efficient marketing programs have enabled us to develop significant market share in the domestic airline ticket business in India.
Traffic to Company’s Website:
Visits to company’s websites (www.easemytrip.com and www.easemytrip.in) have increased at a CAGR of 51.17% from 22.58 million visits in Fiscal 2018 to 51.59 million visits in Fiscal 2020, and we recorded 28.16 million visits in the nine months ended December 31, 2020.
Downloads of android and iOS based mobile applications increased at a CAGR of 64.13% from 1.57 million downloads as of March 31, 2018 to 4.24 million downloads as of March 31, 2020, and further increased to 5.47 million downloads as of December 31, 2020.
Segment wise Revenue Breakup.
Agreement with IRCTC for the sale of train tickets:
Easy Trip Planners has entered into two agreements with the Indian Railway Catering and Tourism Corporation (“IRCTC”) for the sale of train tickets one commencing from December 2018 and valid for a period of three years whereas the other, commencing from January 2020, and valid for a period of three year.
Company has been granted a direct connection access to the Indian Railways’ passenger reservation system online and accordingly, customers are allowed to reserve and purchase Indian Railways tickets on a real-time basis.
Company’s Gross Booking Volumes for rail tickets were 25,357, 189,169 and 94,323 in Fiscals 2019, Fiscal 2020, and the nine months ended December 31, 2020, respectively.
Competitors in the Business:
The key players in the domestic online travel agency market include Cleartrip Private Ltd, MakeMyTrip Ltd and Yatra Online, Inc.
Management Team:
- Mr. Nishant Pitti (Designation: Whole-time Director and CEO)
- Mr. Rikant Pittie (Designation: Whole-time Director)
Positives for the Company:
- One of the leading online travel agencies in India with a customer focused approach, including the option of no-convenience fee.
- Consistent track record of financial and operational performance with lean and cost efficient operations
- In-house advanced technology and analytics capabilities
- Wide distribution network supported by a hybrid platform
- Well-recognized brand with a targeted marketing strategy
- Experienced management team with an established track record.
Peer Group Comparison:
- Company does not have any listed industry peers in India. Hence we cannot make any Comparison.
Financials of the Company:
| (in Crores) | FY 18 | FY 19 | FY 20 | 31st Dec 2020 |
|---|---|---|---|---|
| Revenue | 113.5 | 151.1 | 181.0 | 81.4 |
| Net Profit | 6.6 | 29.3 | 32.9 | 30.5 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 8th March 2021 |
| Issue Closes on:. | 10th March 2021 |
| Issue Price | Rs.186 – 187 |
| Face Value | Rs.2 |
| Retail Category Allocation | 10% |
| Minimum Lot | 80 Shares |
| Minimum Investment | Rs.14,960 |
| Issue Constitutes | 25.10% |
| Issue Size | Rs.510 cr ($ 68 million) |
| Market Cap | Rs.2031 cr ($278 million) |
| Listing at | NSE & BSE |
| Equity Shares Offered (OFS) | 2,72,72,728 |
| Equity Shares Prior to the Issue | 10,86,45,000 |
| Equity Shares after the Issue | 10,86,45,000 |
Also Read : List of Upcoming IPO’s in India.
Important Dates:
| Finalization of Basis of Allotment | on or Before 16th March 2021 |
| Initiation of Refunds | on or Before 17th March 2021 |
| Credit of Equity Shares: | on or Before 18th March 2021 |
| Listing Date: | on or Before 19th March 2021 |
Subscription Details: (Will be Updated)
| (Subscription-Category-Wise (no. of times) Till time : 05:00 PM) | Shares Offered | 8th March | 9th March | 10th March |
|---|---|---|---|---|
| QIB | 82,25,806 | 0.00 | 0.28 | 77.95 |
| NII | 41,12,903 | 0.15 | 4.07 | 384.26 |
| Retail | 27,41,935 | 12.64 | 32.89 | 70.78 |
| Employee | ——— | — | —– | —– |
| TOTAL | 1,50,80,644 | 2.34 | 7.24 | 160.16 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 3.04 | 61.51 | 32.58% | 9.32 |
| Check IPO Allotment Status: |
|---|
KfinTech Website: http://kfintech/IPO/Allotment_StatusBSE IPO Website: https://www.bseindia.com/IPO/Allotment |
| Company Contact Info: |
|---|
| Easy Trip Planners Limited 223, FIE Patparganj Industrial Area East Delhi, Delhi – 110 092, India Telephone: +91 11 4003 3844 E-mail: emt.secretarial@easemytrip.com Website: www.easemytrip.com |
| IPO Registrar Info: |
|---|
| KFin Technologies Private Limited Selenium Tower-B, Plot No. 31 & 32 Gachiboiwli, Financial District, Nanakramguda, Serilingampally Hyderabad – 500 032 Telangana, India Telephone: +91 40 6716 2222 E-mail: easytrip.ipo@kfintech.com Website: www.karisma.kfintech.com |
