Easymytrip-ip-elite

Incorporated in 2008, Easy Trip Planners Ltd is the second largest online travel agency in India in terms of gross volume and third largest in terms of gross revenue. The online travel agency offers a range of travel products and services and end-to-end travel solutions including airline tickets, rail tickets, bus tickets, taxis, holiday packages, hotels, and other value-added services i.e. travel insurance, visa processing, etc.Easy Trip offers a range of online traveling services through its website and Ease My Trip android and iOS mobile app. The company follows B2B2C (business to business to customer), B2C (business to customer), and B2E (business to enterprise) distribution channels to offers its services.As of November 2019, the firm has served customers with more than 400 domestic and international airlines, and 1,096,400 hotels. As of March 2019, it had 49,494 registered travel agents across major cities of India.

              open-demat-online

Easy Trip Planners Limited (EaseMyTrip ) IPO

Wants To Apply Online

 

Issue Details
Objects of the issue ·          To gain the advantage of listing.
Issue Size Issue Size – Rs.510 Crore

Offer for Sale-Rs.510Crore

Face value  

Rs.2 Per Equity Share

Issue Price Rs. 186 – Rs. 187
Bid Lot 80 shares
Listing at  

BSE, NSE

Issue Opens: 8thMarch2021 – 10th March 2021
QIB 75% of Net Issue Offer
Retail 10% of Net Issue Offer
NIB 15% of Net Issue Offer

 

Financial Performance:

Financial-Performance-easymytrip-elite

Shareholding Pattern:

Shareholding Pattern Pre- Issue Post Issue
Promoters & Promoters Group 100 74.90
Public 25.10
Source: RHP, EWL Research,Chittorgarh.com

Elite-Empower-App-Promotional-Banner-img1

Check Easy Trip Planners Limited (EaseMyTrip IPO) Allotment Status

Easy Trip Planners Limited (EaseMyTrip IPO) allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. To Easy Trip Planners Limited (EaseMyTrip ) IPO Allotment Status
  2. Go to Application Status
  3. Select IPO as Easy Trip Planners Limited (EaseMyTrip IPO)
  4. Enter your PAN Number or Application Id or DP Client Id.

 

Easy Trip Planners Limited IPO (EaseMyTrip IPO)

Application Form

 

Strengths:

  • One of the leading online travel agencies in India with a customer focused approach, including the option of no-convenience fee.

  • Only profitable online travel agency and has effective control on cost.

  • Wide distribution network supported by a hybrid platform.

  • Well-recognized brand with a targeted marketing strategy.

Key Highlights:

  • In FY 2020, MSD expense as % of Gross Booking stood at 0.83% as against market leader MakeMyTrip 2.73%.

  • Company is the only profit making company among the large peers like: Yatra, MakeMyTrip.

  • Company has high other income which overstated the profits.

  • Company has a cash of Rs.44.6 Crore in it’s Balance sheet till 31 December 2020 which is highest among previous 3 Years.

Risk Factors:

  • The COVID-19 pandemic has had, and is expected to have, a material adverse effect on business, financial condition, results of operations and cash flows.

  • High Dependency on Airline Ticketing Business.

  • Intense competition in Travel industry could suppress margins in the future.

Outlook:

Company is engaged in the business of Travel agency. it’s huge revenue approximately 94% comes from the flight tickets out of which 75.25% of its air ticket revenue comes from the domestic market and it has the network of 59,274 travel agents are the major business contributors of the company. In FY19, company has shown the tremendous jump in Net profits due to the lower base of FY18 which was largely impacted by Advances given to the movie producers and other companies for Advertisements & Branding of travel, tour and ticketing business worth Rs.29.31 crore had written off. The Indian travel industry grows at the rate of 9.5%-10.5% during the period of FY15-FY20 and it is expected to grow at the rate of 2.0% for the next two years because of the  distruption due to Covid-19.The company has outstanding growth of 47% from FY-18 to FY20 in gross booking. At the Price of Rs,187, P/E works out to be 52 Times. The company has a good financial outlay but Covid-19 has impacted the travel industry worldwide which will take at least a year or two to comeback to normalcy and high competition in future could suppress the margins as well. So we recommend for the listing gains

 

Disclosure in pursuance of Section 19 of SEBI (RA) Regulation 2014

Elite Wealth Limited does/does not do business with companies covered in its research reports. Investors should be aware that the Elite Wealth
Limited may/may not have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only information in making their
investment decision and must exercise their own judgment before making any investment decision.
For analyst certification and other important disclosures, see the Disclosure Appendix, or go to www.elitewealth.in. Analysts employed by Elite Wealth
Limited are registered/qualified as research analysts with SEBI in India. (SEBI Registration No.: INH100002300)
Disclosure Appendix
Analyst Certification (For Reports)
Manoj Vijay Shinde, Elite Wealth Limited, manojshinde@elitewealth.in
The analyst(s) certify that all of the views expressed in this report accurately reflect my/our personal views about the subject company or companies and its or their
securities. I/We also certify that no part of my compensation was, is or will be, directly or inirectly, related to the specific recommendations or views expressed in this
report. Unless otherwise stated, the individuals listed on the cover page of this report are analysts in Elite Wealth Limited.
As to each individual report referenced herein, the primary research analyst(s) named within the report individually certify, with respect to each security or issuer that
the analyst covered in the report, that:
(1) all of the views expressed in the report accurately reflect his or her personal views about any and all of the subject securities or issuers; and
(2) no part of any of the research analyst’s compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed in the
report.
For individual analyst certifications, please refer to the disclosure section at the end of the attached individual notes.
Research Excerpts
This note may include excerpts from previously published research. For access to the full reports, including analyst certification and important disclosures, investment
thesis, valuation methodology, and risks to rating and price targets, please visit www.elitewealth.in.
Company-Specific Disclosures
Important disclosures, including price charts, are available and all Elite Wealth Limited covered companies by visiting https://www.elitewealth.in, or emailing
research@elitestock.com with your request. Elite Wealth Limited may screen companies based on Strategy, Technical, and Quantitative Research.
For important disclosures for these companies, please e-mail research@elitestock.com.
Options related research:
If the information contained herein regards options related research, such information is available only to persons who have received the proper option risk disclosure
documents. For a copy of the risk disclosure documents, please contact your Broker’s Representative or visit the OCC’s website at https://www.elitewealth.in
Other Disclosures
All research reports made available to clients are simultaneously available on our client websites. Not all research content is redistributed, e-mailed or made available
to third-party aggregators. For all research reports available on a particular stock, please contact your respective broker’s sales person.
Ownership and material conflicts of interest Disclosure
Elite Wealth Limited policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst’s area of
coverage. Analyst compensation: Analysts are salary based permanent employees of Elite Wealth Limited. Analyst as officer or director: Elite Wealth
Limited policy prohibits its analysts, persons reporting to analysts from serving as an officer, director, advisory board member or employee of any company
in the analyst’s area of coverage.
Country Specific Disclosures
India – For private circulation only, not for sale.
Legal Entities Disclosures
Mr. RavinderParkash Seth is the Managing Director of Elite Wealth Ltd (EWL, henceforth), having its registered office at Casa Picasso, Golf Course
Extension, Near Rajesh Pilot Chowk, Radha Swami, Sector-61, Gurgaon-122001 Haryana, is a SEBI registered Research Analyst and is regulated by Securities and
Exchange Board of India. Telephone:011-43035555, Facsimile: 011-22795783 and Website: www.elitewealth.in
EWL Advisory discloses all material information about itself including its business activity, disciplinary history, the terms and conditions on which it offers research
report, details of associates and such other information as is necessary to take an investment decision, including the following:
1. Reports
a) EWL Advisory or his associate or his relative has no financial interest in the subject company and the nature of such financial interest;
(b) EWL Advisory or its associates or relatives, have no actual/beneficial ownership of one per cent. or more in the securities of the subject company, at the end of
the month immediately preceding the date of publication of the research report or date of the public appearance;
(c) EWL Advisory or its associate or his relative, has no other material conflict of interest at the time of publication of the research report or at the time of public
appearance;
2. Compensation
(a) EWL Advisory or its associates have not received any compensation from the subject company in the past twelve months;
(b) EWL Advisory or its associates have not managed or co-managed public offering of securities for the subject company in the past twelve months;
(c) EWL Advisory or its associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company
in the past twelve months;
(d) EWL Advisory or its associates have not received any compensation for products or services other than investment banking or merchant banking or brokerage
services from the subject company in the past twelve months;
(e) EWL Advisory or its associates have not received any compensation or other benefits from the subject company or third party in connection with the research
report.
3 In respect of Public Appearances
(a) EWL Advisory or its associates have not received any compensation from the subject company in the past twelve months;
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report and the types of services provided
by EWL Advisory
Provided that research analyst or research entity shall not be required to make a disclosure as per sub-clauses (c), (d) and (e) of clause (ii) or sub-clauses (a) and (b) of
clause (iii) to the extent such disclosure would reveal material non-public information regarding specific potential future investment banking or merchant banking or
brokerage services transactions of the subject company.
(4) EWL Advisory or its proprietor has never served as an officer, director or employee of the subject company;
(5) EWL Advisory has never been engaged in market making activity for the subject company;
(6) EWL Advisory shall provide all other disclosures in research report and public appearance as specified by the Board under any other regulations.