EaseMyTrip IPO
EaseMyTrip IPO — date, price band, lot size & details 2021
EaseMyTrip listed on 19 Mar 2021 at ₹212.25, 13.5% above the ₹187 issue price.
EaseMyTrip, run by Easy Trip Planners, is an online travel agency that sells air tickets, hotels, holiday packages and other travel services. Its total income was Rs 179.72 crore in FY2020.
Stock price
EaseMyTrip is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 08 Mar 2021
- Close 10 Mar 2021
- Allotment 16 Mar 2021
- Refund/credit 17 Mar 2021
- Listing 19 Mar 2021
Issue summary
The terms of the offer, as filed.
| IPO Dates | 8 to 10 Mar, 2021 |
|---|---|
| Price Band | ₹186 – ₹187 |
| Face Value | ₹2 |
| Lot Size | 80 Shares |
| Issue Size | ₹510 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,960 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 80 shares at the ₹187 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 80 | ₹14,960 |
| Retail (max) | 13 | 1,040 | ₹1,94,480 |
| S-HNI (min) | 14 | 1,120 | ₹2,09,440 |
| S-HNI (max) | 66 | 5,280 | ₹9,87,360 |
| B-HNI (min) | 67 | 5,360 | ₹10,02,320 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 6
- 01Total income rose from Rs 113.57 crore in FY2018 to Rs 179.72 crore in FY2020.
- 02Profit after tax rose from Rs 0.03 crore in FY2018 to Rs 34.65 crore in FY2020.
- 03Profit after tax was Rs 31.11 crore in the nine months to 31 December 2020, on total income of Rs 81.57 crore.
- 04Net worth grew from Rs 43.96 crore on 31 March 2018 to Rs 132.14 crore on 31 December 2020.
- 05EBITDA rose from Rs 12.28 crore in FY2018 to Rs 49.89 crore in FY2020.
- 06It had 49,494 registered travel agents as of March 2019, which widens its reach beyond direct customers.
Risks · 6
- 01The whole Rs 510 crore issue was offer for sale by the promoters, so no money went to the company.
- 02The P/E was 65.38 at the upper band of Rs 187, based on EPS of Rs 2.86.
- 03Total income was Rs 81.57 crore in the nine months to 31 December 2020, well below the Rs 179.72 crore of FY2020.
- 04Income depends on air travel volumes, which can swing sharply, and online travel is crowded. Its airline tie-ups covered more than 400 airlines.
- 05FY2020 and later figures are consolidated while FY2018 and FY2019 are standalone, so the years are not fully comparable.
- 06Promoter holding fell from 100% before the issue to 74.9% after it.
Three years of numbers
All figures in ₹ crore, as reported in the EaseMyTrip offer document.
| Metric | 31 Dec 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|---|
| Assets | 356.97 | 282.34 | 243.09 | 180.29 |
| Total Income | 81.57 | 179.72 | 151.11 | 113.57 |
| Profit After Tax | 31.11 | 34.65 | 23.99 | 0.03 |
| EBITDA | 43.36 | 49.89 | 44.81 | 12.28 |
| NET Worth | 132.14 | 101.25 | 67.93 | 43.96 |
| Reserves and Surplus | 112.40 | 80.99 | 46.20 | 36.72 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the EaseMyTrip RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
EaseMyTrip IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹2.86 | ₹2.86 |
| P/E Ratio (x) | 65.38 | 65.38 |
| Market Cap at Offer Price (₹ Cr) | ₹2,034.12 | ₹2,034.12 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹187 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the EaseMyTrip IPO will be updated shortly.
About the company
It offers airline, rail and bus tickets, taxis, hotels and holiday packages, plus services such as travel insurance and visa processing. It sells directly to customers, through travel agents and to corporate clients.
As of November 2019 it offered more than 400 domestic and international airlines and 1,096,400 hotels. It had 49,494 registered travel agents as of March 2019.
The IPO was Rs 510 crore and was entirely an offer for sale by the promoters, so the company received none of the money. The promoters are Nishant Pitti, Rikant Pittie and Prashant Pitti.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
125 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
Axis Capital
126 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of EaseMyTrip?
The current Grey Market Premium is ₹0.
What is the EaseMyTrip IPO price band?
₹186 to ₹187, on a face value of ₹2.
When is the allotment?
The basis of allotment is 16 March 2021, with listing on 19 March 2021.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
