Easy Trip Planners IPO Review

Many companies are going to launch their IPOs this year.  Among which MTAR Technologies IPO has already been launched in India. In this article, we will provide you Easy Trip Planners IPO review. 

So let’s get ready !!

Before digging deep into the IPO details, let’s first learn about the company. 

Easy Trip Planners was incorporated in 2008. It is the second-largest travel agency in India in terms of gross revenue.

Besides, it has served customers with more than 400 domestic & international airlines and 10,96,400 hotels. 

Now with an objective to grow its business, it is going to launch its IPO worth ₹510 Cr on 8th March 2021. 

Easy Trip Planners IPO Review 2021

Let us take a look at the below table for the Easy Trip Planners IPO review:

 

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Easy Trip Planners IPO Date

Before applying for an Easy Trip Planners IPO, you should first take a look at the dates. 

The IPO is going to launch on March 08, 2021, and will remain open to subscribe for three days i.e till March 10, 2021. 

Other than this, other important dates of the IPO are: 

 

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Easy Trip Planners IPO Price

Next in the Easy Trip Planners IPO review, we will cover the Easy Trip Planners IPO Price. Basically, IPO Price includes two main prices; the Issue price, and Listing price. 

IPO issue price is a price at which any company offers its shares to the investors for the first time in the share market whereas, the listing price is a price at which shares get listed in the stock exchange. 

The Easy Trip Planners IPO Price is 1,03,72,419 equity shares aggregating up to ₹510 Cr out of which the Offer for sale is approximately 51,86,209 Equity shares aggregating up to ₹255 Cr. 

And, the Fresh Issue is approximately 51,86,209 Equity shares aggregating up to ₹255 Cr.

Besides, Easy Trip Planners has set the price band for its IPO at ₹186- ₹187 per share. 

So here you would be able to make a minimum investment of ₹14,880 and a maximum investment of up to ₹1,93,440. 

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Easy Trip Planners GMP 

Easy Trip Planners GMP, GMP is a premium amount at which IPO shares are bought and sold in the Grey Market. These shares are not listed on the stock exchange. 

Easy Trip Planners GMP is (₹150)

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How To Apply For Easy Trip Planners IPO?

To apply for any IPOs, you will first need to select a registered stockbroker and open a demat account with them. 

For this, you will need some documents listed below:

• PAN Card
• Adhar Card
• Bank Account Number 

Once the documents get verified and the account is opened. The broker will provide you an online platform where you can apply online for any IPO using UPI and ASBA effortlessly. 

For this, you will have to  go through the following steps:

• Download the app. 
• Scroll down on the stocks tab. 
• Click on the IPO section. 
• Choose any active IPO name and select the bid quantity.
• Select any of the payment methods; Net banking or UPI method.

Once you complete the process on the UPI app, your application form gets submitted and the amount will get blocked in your Demat account. 

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Easy Trip Planner Company Details

Now let us see how strong Easy Trip Planners financially. It is the second-largest travel agency in terms of gross revenue if compared to other travel agencies. 

This is all because of its wide range of services that includes flight tickets, train tickets, holiday packages, hotel booking, etc. The company has managed to develop a significant market share due to its quality services and user-friendly websites, mobile application, customer-centric approach, and effective marketing strategies.

Along with this, the company has a secure, advanced, and scalable technology infrastructure that makes it more advanced and hence reliable.

Let’s look at some of the competitive strengths and weaknesses of the company.

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Strength of Easy Trip Planners

Below are the Competitive strengths of this travel company:

• One of the leading online travel agencies in India.
• Strong brand name and distribution network.
• In-house advanced technology infrastructure. 

Here is a table below showing total assets, total income, total expenses, and total profit after tax of this company.

 

Apart from the company’s strength, let’s focus on some of the risks associated with the investment in this IPO.

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Risks associated with Easy Trip Planners IPO

However, the company has shown tremendous growth over the years, but there are some risks associated with the investment too. 

• The COVID pandemic has adversely affected the financial condition, operations, and cash flows of Easy Trip Planners.
• Easy Trip Planners earn most of its revenue from tickets and hotel booking. So, any impact in bookings negatively impacts its revenue.
• Intense competition in the Travel industry in India may not let it compete in the future.
• Easy Trip Planners has limited experience in certain areas of business, like hotels and holiday packages.
• Unapproachable and bad quality of customer service could have a bad impact on its business.

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Conclusion

Easy Trip Planners company is launching its IPO to meet its general corporate purposes not for paying its debts which is a good thing. 

Apart from its best side, it is better to also check the risks as well before taking any final decision. 

The assets of Easy Trip Planners have increased from 31 March 2017 to 30 September 2019, which is almost double. 

Also, it has earned less revenue in few years. The reason for this loss may be the Covid pandemic which results in lockdown and has hugely impacted travel products and travel services. 

But you can see that it was performing well in March. 

There are chances that Easy Trip Planners may show some growth in the near future and give you higher returns if you apply for its IPO.

Overall, Easy Trip Planners IPO Review is Average!! Rest, you can take your decision after deeply understanding the fundamentals and strengths of Easy Trip Planners.

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Get ready to apply for IPO, by opening a demat account for free.

 

Know More on Upcoming IPO