- Date : 09/08/2022
- Read: 3 mins
Easy Trip Planners returns 308% since IPO in March last year.
Easy Trip Planners came with an IPO last year in March at a price of Rs 187. The IPO was subscribed 159 times. The IPO saw a huge subscription from all categories of investors. The listing price of the stock was Rs 212, and the listing was good. After the listing, the stock was available at a price of Rs 86 as the stock had a 1:1 bonus turning the allotment price to Rs 93.5 after adjusting for the bonus. This means that it was available below the IPO price. But since May of last year, the stock has been in an uptrend, and the stock has touched a 52-week high of Rs 476.5. The 52-week low of the stock is Rs 204.5.
The one-month return of the stock is 8%. The 6-month return is 40.62%. The YTD return is 58.04%. The 1-year return is 79.36%. The return since the listing price is 308%. If you had invested Rs 1 Lakh on listing day, your corpus would be rupees 4.08 Lakhs today. This spectacular performance of the company is in contrast to the volatile market. Startups like Zomato, Paytm, Cartrade Tech, etc., have had a weak performance in the last year. So, what are the reasons for the success of this tech IPO? Let’s find out!
Related: All about IPOs in India
Spectacular performance of Easy Trip Planners
Easy Trip Planners reported its first quarter result, and the results were very good. The net profit of the company increased by 125%, as it went from Rs 14.9 crores in the first quarter last year to Rs 33.7 crores in the first quarter this year. The gross booking revenue of the firm increased by 366% YOY from Rs 356.7 crore to Rs 1,663.1 crore. Bookings for the flights' segment recorded a 212% increase. The hotel booking segment recorded a 409% increase. Trains, buses and other services recorded a 132% increase in the June quarter.
Easy Trip Planners belongs to the exclusive Unicorn club in India. It joined the club in September 2021, when its valuation crossed $1 billion. It is one of the first 100 unicorns in India. The company was founded by Nishant Pitti, Rikant Pitti and Prashant Pitti in New Delhi in 2008. Easy Trip Planners is an online travel company which specializes in hotel bookings, flight bookings, bus bookings, holiday packages, etc.
The company has given good returns in the last year, and the stock is in a firm uptrend. It has been performing well in a volatile market, which adds to the confidence in the stock. The other startups like Zomato, Paytm, Cartrade Tech, etc., have been weak on the bourses. This spectacular performance of the stock is on the back of good quarterly performance, which is adding to the confidence of the investors. If the spectacular performance continues and the travel industry continues to grow, the stock can continue to give good returns. What did the IPO's of 2021 teach us?
EaseMyTrip IPO Review - By Assetyogi
Disclaimer: This article is intended for general information purposes only and should not be construed as investment or legal advice. You should separately obtain independent advice when making decisions in these areas.