Easy Trip Planners Limited IPO
Incorporated in 2008, Easy Trip Planners Ltd is the third largest online travel agency in India 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.
Competitive Strengths:
- One of the leading online travel agencies in India.
- Strong brand name and distribution network.
- In-house advanced technology infrastructure.
- Consistent financial track record and operational performance.
Company Promoters:
- Mr. Nishant Pitti, Mr. Rikant Pittie, and Mr. Prashant Pitti are the company promoters.
Company Financials
Company Financials
Particulars | For the year/period ended (? in Million) | |||
Summary of financial Information (Restated) | 30-Sept- 20 | 31-Mar-20 | 31-Mar-19 | 31-Mar- 18 |
Total Assets | 3,569.66 | 2,823.37 | 2,430.88 | 1,802.89 |
Total Revenue | 815.72 | 1,797.24 | 1,511.11 | 1,135.74 |
Profit After Tax | 311.09 | 346.48 | 239.93 | 0.30 |
Objects of the Issue:
The IPO proceed to be used against the following purposes;
- To achieve share listing benefits.
- To sell up to [_] equity shares agggregating up to Rs. 5100 million.
Issue Details