IPO Analysis : Easy Trip Planners Ltd

IPO Analysis : Easy Trip Planners Ltd

It got incorporated in 2008, Easy Trip Planners Ltd is the second 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.

It offers a range of online traveling services through its website, android and iOS mobile application. The company follows B 2 B 2 C (business to business to customer), B 2 C (business to customer), and B 2 E (business to enterprise) distribution channels to offers its services.

They were ranked third among the Key Online Travel Agencies in India in terms of gross booking revenues and air tickets gross booking revenues in FY19.

They have been consistently profitable since incorporation and according to the CRISIL Report they were the only profitable online travel agency among the Key Online Travel Agencies in India in FY19. Their market share in the Indian online travel agency industry in terms of gross booking revenues and gross booking revenues for air ticketing segment was 3.8%, and 4.5% to 5%, respectively, in FY19.

As of November 30, 2019, they provided their customers with access to more than 400 international and domestic airlines, more than 1,096,400 hotels in India and in international jurisdictions, almost all railway stations in India as well as bus tickets to and cab rentals for major cities in India. They provide customers with the option of no-convenience fee, such that customers are not required to pay any service fee in instances where there is no alternate discount or promotion coupon being availed.

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

Financial Detail of The Compnay (In Rs. Cr)

Important Dates and Facts to Remember:

Verdict:

One can apply for this IPO solely for listing gain only.

Sources: Various publications

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