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All you need to know about

Easy Trip Planners Ltd IPO


Issue Details
Issue Amount : `510 Crores
Total shares for sale : 27,272,727 - 27,419,354 Equity Shares
Issue Period : Mar 08, 2021 - Mar 10, 2021
Face Value : �`2 per share
Price Band : `186 to `187
Lot Size : �80 shares and in multiple thereafter
Registrar : Kfin Technologies Private Limited
Source : BRLM

Offer Breakup

Category Allocation Issue size Issue size


(Shares) (` in crore)

Lower Band Upper Band

QIB 75% 20,564,516 20,454,546 382.50

NIB 15% 4,112,903 4,090,909 76.50

Retail 10% 2,741,935 2,727,272 51.00

Total 100% 27,419,354 27,272,727 510.00

Source : BRLM. Employee portion excluded in table


IPO timeline `
Issue opens on:
Monday March 08, 2021 `

08
Issue closes on:
Wednesday, March 10, 2021

MARCH

16 Finalization of 17 Refunds/Unblocking
MAR 2021 basis of allotment MAR 2021 ASBA fund

18 Credit of equity 19 Trading


MAR 2021 shares to DP account MAR 2021 commences

Source : BRLM, Dates are tentative

The objective of the offer

Easy Trip Planners Ltd expects to achieve


the benefits of listing of their Equity
Shares on the Stock Exchanges and
enhancement of their Company’s brand
name and creation of a public market for
their Equity Shares in India.

Source : RHP and DRHP

`
About the company
They offer 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. As of
December 31, 2020, they provided their 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. In addition, as of March 31, 2020,
they had 55,981 travel agents registered with us across almost all major cities in
India and according to the CRISIL Report, they had the largest network of travel
agents among Key Online Travel Agencies as of such period.

In Fiscal 2019, GoAir, and SpiceJet, recognized us as amongst the top travel
partners in terms of revenue and passenger count. The strength of their brand has
increased significantly over the years. They have a dedicated in-house technology
team focused on developing a secure, advanced and scalable technology
infrastructure and software.

The impact of COVID-19 has significantly reduced travel demand in terms of


consumer sentiment and their ability to travel, which has caused airlines and
hotels in India and around the world to operate at significantly reduced service
levels. The COVID-19 pandemic has also resulted in significant weakness in the
macroeconomic environment and heightened volatility in financial markets. In
particular, such measures have led to unprecedented levels of cancellations and
limited new air travel, hotel and holiday bookings. Accordingly, their financial and
operating results for the fourth quarter of the Fiscal 2020 and the nine months
ended December 31, 2020 were impacted by these conditions in the domestic and
global economy and the travel industry. However, with nationwide
Government-imposed lockdown orders being gradually lifted since late May 2020,
they have seen continued recovery in domestic travel demand, with significant
sequential quarter on quarter improvements across all their lines of businesses.
International travel demand recovery continues to remain muted as majority
cross border restrictions are still in place. Basis the available resources, their
Company does not consider significant impact on its financial conditions, liquidity

Source : RHP and DRHP


Strengths

One of the leading online Consistent track record of Diversified and customized
travel agencies in India financial and operational product portfolio with a
with a customer focused performance strong supply chain
approach

In-house advanced Wide distribution network Well-recognized brand


technology and analytics supported by a hybrid with a targeted marketing
capabilities platform strategy

Source : RHP and DRHP

Risks

The COVID-19 pandemic Significant revenue The travel industry for India
has had, and is expected to dependence on airline and India-related travel is
haveadverse impact on ticketing business intensely competitive
travel business

Major travel suppliers like Limited experience and Failure to maintain brand
airlines, GDS amd API service operating history in certain quality and protect
providers may reduce or businesses like hotels, intellectual property will
eliminate commissions, holiday packages etc impact business
incentives etc

Source : RHP and DRHP


Important Financials Data
Revenue from operations, on an unconsolidated basis, increased by 39.44%
from ₹ 101.11 Cr in Fiscal 2019 to ₹ 140.98 Cr in Fiscal 2020, primarily due
to an increase in total revenue from contracts with customers and other
operating revenue - advertisement revenue.

Nine Months FY FY FY
(in ` Crore) ended March March March
Dec-2020 2020 2019 2018

Total Assets 356.97 282.34 243.09 180.29


Total Revenue
from operations 49.25 140.98 101.11 100.11
EBITDA 43.36* 51.32 44.81 12.28
Profit after Tax 31.11 34.65 29.34 6.61

Source : RHP, *EBITDA for 9M ended Dec 2020 is based on unconsolidated statement

Particulars (in ` Crore) FY20 FY19 FY18


Revenue from Operations 140.98 101.11 100.11

Revenue Growth (%) 39.43 1.00 -2.69

EBITDA 51.32 44.81 12.28

Net Profit for the period 34.65 29.34 6.61

Net Profit as % to Revenue 24.58 29.02 6.60

Basic EPS (Rs ) 3.04* 2.21 0.00

RONW (%) 32.58* 35.32 0.07

Source : DRHP and RHP. *Fiscal 2020 EPS and RONW is based on unconsolidated statements.

The Company does not have any listed industry peers in India.
Source - RHP
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NSE and BSE combined) witnessed 24 IPOs and raised proceeds worth Rs
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Last 10 IPO Performances

Date IPO Name Issue Size Retail Total Issue Price List Price Listing CMP as of Curr Gains (%)
(` in crs) Subscription Subscription (in ₹) (in ₹) Gains (%) 02-03-21 (in ₹) as of 02-03-21

25-Feb-21 Railtel 819.24 16.78 42.39 94 109 28.19 174.75 85.90

18-Feb-21 Nureca 100 74.29 17.98 400 666.65 66.66 698.2 74.55

28-Jan-21 Stove Kraft Ltd 412.63 26.04 18.03 385 445.95 15.83 503.75 30.84

25-Jan-21 Home First Finance 1153.72 6.59 26.66 518 527.4 1.81 534 3.09

22-Jan-21 Indigo Paints Ltd 1170.56 6.5 54.84 1490 3118.65 109.31 2639 77.11

20-Jan-21 Indian Railway Finance Corp 4633 1.59 1.16 26 24.85 -4.42 25.65 -1.35

23-Dec-20 Antony Waste Handling Cell Ltd 300.53 16.55 15.04 315 407.25 26.29 301.3 -4.35

17-Dec-20 Mrs Bectors Food Specialities Ltd 540.54 29.33 198.02 288 501 106.79 394.65 37.03

4-Dec-20 Burger King India Ltd 796.5 68.15 156.65 60 115.35 130.67 141.2 135.33

11-Nov-20 Gland Pharma 6479.55 0.24 2.06 1500 1710 13.4 2,349.95 56.66

Source : Moneycontrol

For more details refer offer documents on sebi www.sebi.gov.in


The securities quoted are exemplary and are not recommendatory. Such representations are not indicative of future results.
Source of statistical information, charts, graphs etc – RHP, DRHP, Moneycontrol.

Investments in securities market are subject to market risks, please read all the related documents carefully before investing. SEBI Registration no.-INZ000240532, BSE-6707,
NSE-90165. visit www.paytmmoney.com for complete disclaimers. Regd Office:136, First Floor, Devika Tower, Nehru Place, New Delhi- 110019

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