Easy Trip to tap Primary Market by mid March 20

Published on Friday, January 17, 2020 by Chittorgarh Team

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Easy Trip to tap Primary Market by mid March 20

Easy Trip Planners Ltd. (ETPL) running a website called Easemytrip.com is planning its maiden IPO to mobilize ₹510 cr. through secondary offer latest by mid March 2020. This will be the first IPO from this segment to tap the primary market. ETPL is ranked third among the Key Online Travel Agencies in India in terms of gross booking revenues in Fiscal 2019 (Source: CRISIL Report.)

Out of four major players in the market this is the only company that is generating net profits with its near debt free status and well managed digital booking process. It has the largest agents' pool of approx. 49.5K plus. The company that started its operation as B2B in 2008 is now having B2C model and is enjoying around 85% repeat loyal customers business. According to the CRISIL Report, ETPL is the only profitable online travel agency among the Key Online Travel Agencies in India in Fiscals 2017, 2018 and 2019.

ETPL has already filed DRHP with regulator on 12th December 2019 and is expecting clearance by mid February 2020 and thereafter, it plans to tap the market in mid March 2020 with its maiden offer for sale worth ₹510 cr. BRLMs to this issue are Axis Capital Ltd. and JM Financial Ltd. With the rising trends for online air, rail, hotel booking, this OTA (Online Travel Agency) segment is set for bright prospects ahead with estimated CAGR of 21-23% and this being the most preferred B2C Company, it is set to ripe benefits.

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