Easy Trip Planners IPO Share Allotment: Today the share allotment is being finalized in the IPO of Easy Trip Planners, online travel agency. On March 18, shares will come in the demat account of those investors, who will be allotted today. The company launched the IPO on March 8, which received a great response from the investors. This IPO was subscribed 159 times. In the gray market too, the company’s stock is trading at a premium of 160 to 170 rupees. The price band of the stock has been fixed at Rs 186-187. Given the premium in the gray market, Easy Trip Planners are expected to have a strong listing in the market. If you have also invested, you can check whether you got a share or not. It can be listed on the stock market on 19 March.
Great response from investors
The IPO of Easy Trip Planners was subscribed 159.33 times. The size of the issue was 1.50 crore equity shares, while bids were received for 240.27 crore shares. Reserve Porson received 77.53 times bids for qualified institutional buyers (QIBs). For non-institutional investors, Reserve Porson has received bids of 382.21 times and for retail investors Reserve Porson has received bids of 70.40 times.
Option 1: From BSE website
- For this, first you have to go to the BSE website.
- After that the equity box has to be checked.
- Then you have to enter the issue name in the dropdown.
- After that you have to type your application number in the box.
- After that you will have to give information about your PAN number.
- Finally, you have to click on the search button, after which the complete information will be revealed.
Option 2: On the registrar’s website
- KFintech Private Limited is the registrar for this issue. For this IPO, one has to go to the registrar’s website.
- The website is https://ris.kfintech.com/ipostatus/ipos.aspx.
- Type the company name in the dropdown.
- After this, enter PAN number, application number or depository / client ID in the box.
- Then enter the captcha and click on the search button.
(Note – If the share is allotted, then the status will be visible.)
About the company
Easy Trip provides an end-to-end travel solution of travel, product and service. This includes providing tickets for airlines tickets, train tickets, bus tickets, taxi services, ancillary value added services such as travel insurance, visa processing and other activities. As of March 2020, 55,981 travel agents were registered with the company in almost all major cities of the country. According to a report by CRISIL, Easy Trip Planners has a large network of travel agents in the country.
In December, the number of registered travel agents with the company was 59,274. The company’s financials are also fine, although the lockdown has had an impact on the company’s business. Based on the net profit margin, it has been profitable during the financial year 2018-20 period.
What is the expert saying
Brokerage house Angel Broking has given a positive outlook for the IPO. According to the brokerage, despite the challenges of COVID 19, the revenue of the company between April and December has been Rs 50 crore. However, competition has always been a concern in this sector. The competition for Easy Trip Planners is from Paytm and OYO. At the same time, brokerage house SMC has also advised for long-term investment in IPO. According to the brokerage, the company’s business model is better. There is no debt on the company. From FY18 to FY20, the total income of the company increased by 26.2 per cent year-on-year to Rs 181 crore. While net profit has increased by 51.8 per cent to Rs 33 crore.
Brokerage house Hem Securities says the company’s fundamentals are strong. The company’s CAGR growth has been strong. The focus of management is on growth. The company’s Q3FY21 booking volume indicates that recovery has been taking place steadily since COVID 19. With the acceleration of the vaccination drive, the airline industry will gain momentum in the coming days, which will benefit Easy Trip Planners. Investors can hold shares for short and long term.