Easy Trip Planners Limited to Open Initial Public Offer

MUMBAI:
Easy Trip Planners Limited (the “Company’), ranked 2 nd among the Key Online Travel Agencies in India in terms of booking volume in the nine months ended December 31, 2020 and 3 rd among the Key Online Travel Agencies in India in terms of gross booking revenues in Fiscal 2020 (Source: “Assessment of the OTA industry in India” dated February 2021 (the “CRISIL Report”) prepared and issued by CRISIL Research, a division of CRISIL Limited. ‘Key Online Travel Agencies’ refers to key players in the OTA industry based on gross booking revenue and operating revenue as defined in the CRISIL Report. Refer to “Industry Overview – Competitive Assessment of OTA in India – Key Observations” on page 126 of the red herring prospectus dated February 28, 2021 of the Company (“RHP”) filed with the with the Registrar of Companies, National Capital Territory of Delhi and Haryana at New Delhi (“RoC”) for further information), will open the Bid/ Issue in relation to its initial public offering of equity shares of face value of ₹ 2 each the (“Equity Shares”) on Monday, March 08, 2021. The Bid/ Issue Period will close on Wednesday, March 10, 2021.

The price band of the Issue has been fixed at ₹ 186 to ₹ 187 per Equity Share The issue comprises of an initial public offering of its equity shares aggregating up to
₹ 5,100 million (the “Offer”) comprising an offer for sale of aggregating up to ₹ 2,550 million by Mr. Nishant Pitti and up to ₹ 2,550 million by Mr. Rikant Pitti (together with Nishant Pitti, the “Promoter Selling Shareholders”). Bids can be made for a minimum of 80 Equity Shares and in multiples of 80 Equity Shares thereafter.

The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (the “SCRR”) read with Regulation 31 of the
Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”). This Offer is being made through the Book Building Process in compliance with Regulation 6(2) of the SEBI ICDR Regulations, wherein not less than 75% of the Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”, and such portion the “QIB Portion”), provided that the Company and the Promoter Selling Shareholders may, in consultation with the BRLMs, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (the “Anchor Investor Portion”). At least one-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds only, subject to valid Bids being received from the domestic Mutual Funds at or above the price at which allocation is made to Anchor Investors (“Anchor Investor Allocation Price”).

Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. If at least 75% of the Offer cannot be allotted to QIBs, the Bid Amounts received by the Company shall be refunded. Further, not more than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders (“Non- Institutional Portion”) and not more than 10% of the Offer shall be available for allocation to Retail Individual Bidders (“Retail Portion”), in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.

The equity shares offered in this Offer are proposed to be listed at both BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”, together with
BSE, the “Stock Exchanges”) post the listing. For the purpose of the Offer, NSE is the Designated Stock Exchange. Axis Capital Limited and JM Financial Limited are the Book Running Lead Managers to the Offer.