Easy Trip Planners Limited IPO

Easy Trip Company Details:

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, and according to the CRISIL Report, it is the only profitable online travel agency among the Key Online Travel Agencies in India in Fiscals 2017, 2018 and 2019. Based on year-on-year growth from Fiscal 2018 to Fiscal 2019 in terms of gross booking revenue and operating revenues, it had the highest growth rate among the Key Online Travel Agencies in India .Its Gross Booking Revenues increased by 51.04% from Rs 19,450.63 million in Fiscal 2018 to Rs 29,377.75 million in Fiscal 2019, and were Rs 20,198.60 million in the six months ended September 30, 2019. 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. As of November 30, 2019, it provided its 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 the railway stations in India as well as bus tickets to and taxi rentals for major cities in India. In addition, as of March 31, 2019, it had 49,494 travel agents registered with it across almost all major cities in India and according to the CRISIL Report, it had the largest network of travel agents among Key Online Travel Agencies as of such period .Further, the number of travel agents registered with it increased to 52,752, as of September 30, 2019. It commenced operations in 2008 by focusing on the B2B2C (business to business to customer) distribution channel and providing travel agents access to its website to book domestic travel airline tickets in order to cater to the offline travel market in India. Subsequently, by leveraging its B2B2C channel, it commenced operations in the B2C (business to customer) distribution channel in 2011by primarily focusing on the growing Indian middle class population’s travel requirements. Consequently, due to its presence in the B2B2C and B2C channels, it was able to commence operations in the B2E (business to enterprise) distribution channel in 2013 with the aim of providing end-to-end travel solutions to corporates. Its presence in three distinct distribution channels provide us with a diversified customer base and wide distribution network.

It have been providing customers with the option of no-convenience fee, such that customers are not required to pay any service fee in instances where there are no alternate discount or promotion coupon being availed. In its pricing model, it has endeavored to avoid hidden costs, which result in increasing the final price payable by the customer. Between April 1, 2017 and September 30, 2019, it had a repeat transaction rate (calculated as percentage of transactions by repeat customers, identified by their unique email address) of 84.75% in the B2C channel. Its Registered Customers in the B2C channel increased at a CAGR of 64.15% from 3.01 million customers as of March 31, 2017 to 8.10 million customers as of March 31, 2019, and further increased to 8.81 million customers as of September 30, 2019. Further, its Gross Booking Volumes increased by 54.50% from 2.37 million in Fiscal 2018 to 3.66 million in Fiscal 2019 and were 2.53 million in the six months ended September 30, 2019.

The strengths of the company:
1. One of the leading online travel agencies in India with a customer focused approach, including the option of no-convenience fee with lean and cost efficientoperations
3. In-house advanced technology and analytics capabilities
4. Wide distribution network supported by a hybrid platform
5. Well-recognized brand with a targeted marketing strategy
6. Experienced management team with an established track record;
For more study : www.easemytrip.com

The promoters of Easy Trip:Mr.

Nishant Pitti
Mr. Rikant Pitti &
Mr. Prashant Pitti

Easy Trip Planners Limited IPO Main Objects:
to achieve the benefits of listing the Equity Shares on the Stock Exchanges

EaseMyTrip Company Financial Report: