The IPO which closed 10 March 2021 has received strong response from all categories of the Investors.
just have a look at the final subscription figures
QIB 8225806 Sh : 77.53 T
NII 4112903 Sh : 382.21 T
RII 2741935 Sh : 70.32 T
These clearly indicate solid reponse from NII as well as RII investors.Huge oversubscription in NII category increased interest costs and at the same time reduced chances of allotment and the persons who have made advance selling will have to cover the shares on listing.
Small note about the company
The Stock market always shows fancy for Online businesses and assigns high valuations. Look at the valuation of IndiaMart, InfoEdge, Justdial and other such online companies.
Easy Trip Planners is ranked third among the Key Online Travel Agencies in India in terms of gross booking revenues in Fiscal 2019 .It has been consistently profitable since incorporation.Easy Trip also enjoys high share of online Travel business in India . Its market share in the Indian online travel agency industry in terms of gross booking revenues and gross booking revenues for airline ticketing segment was approximately 3.8%, and 4.5% to 5%, respectively, in Fiscal 2019.
It 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.
Easy Trip IPO allotment Price is Rs. 187
Easy Trip IPO Latest GMP #
On 18 March 2021
Grey Market Premium Rs. 125
Allotted Application Rates Rs. 10000
NII investors’ Cost:
The shares offered to Retail investors are just 10% of the offer and hence the allotment has been tough .Interest cost to the NII investors is Rs. 45 per share
Easy Trip Planners Ltd Financial Details :
Earnings per Share 2018-19 Rs 2.70
Earnings per Share 2019-20 Rs 3.04
Earnings per Share 2020-21,9M Rs 2.81
Book Value of the Share as on 31.12.2020 Rs 12.16
Upper Price Band/last EPS: 62.33
Upper offer price/Book Value Ratio: 15.38
Easy Trip IPO Estimate of Listing price :
There are no listed entities in India whose business portfolio is comparable with that of its business. yet the scrip can be compared with InfoEdge, Justdial.com, Indiamart Intermesh the companies , which have strong online businesses.
At current price, Indiamart commands PE Multiple of 91.95, Justdial has PE Multiple of 20.76 and InfoEdge enjoys PE Multiple of 50.27. Compared to these scrips, the allotment price is already at somewhat high valuation. However , the IPO market currrently is in bull grip, the scrip, we believe is expected
1) to get listed at Rs. 340/350 ( if the Sensex on 19th is in Strong Green zone) or
2) to get listed at Rs. 330/340 ( if the Sensex on 19th is in Strong Red zone)
and during the intraday may show somewhat higher price , may be Rs. 360/370.
However partial profit booking may be done at this price range , to play safe.
(Legal Note:We suggest you to consult your financial expert before taking any decision on buying or selling of the scrip on listing. The Price estimate above may go wrong because of many unknown factors.)
To Study Easy Trip IPO Page @
Ease My Trip Planners Limited IPO Live Review & Analysis @