EXCLUSIVE research: Positive impact of Easy Trip IPO on ITC’s subsidiary; know what is aiding International Travel House stocks

The Initial Public Offering (IPO) of Easy Trip opened on 8 March and it has been getting a very good response. This public issue was subscribed over 2.3 times on Monday. In chat with Zee Business Managing Editor Anil Singhvi, Kushal Gupta said that the participation from retail investors has been very encouraging. The response in this IPO seems to have a positive impact on some other companies in this space, he said.

He brings for the channel viewers, this exclusive research report. This research is on International Travel House – India’s first listed company which is also a subsidiary of ITC. The company has 39 offices in 19 locations across India.

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International Travel House has business interests in rental car services. Its services also include air tickets, bus tickets, hotel bookings and passport and visa services.   The company is seeing a revival in the travel packages, it offers, on meeting and conferences. The improvement in the sentiments is on the back of the ongoing vaccination drive, he said adding that the focus is now back on travel.

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Zee Business Exclusive Research

Easy Trip IPO का पॉजिटिव असर !

भारत की पहली लिस्टेड ट्रैवल कंपनी और ITC की सब्सिडियरी- इंटरनेशनल ट्रैवल हाउस

कैसी है कंपनी की मौजूदा स्थिती और आय का ट्रेंड?#ZBizExclusive #EasyTripPlanners #IPO @AnilSinghvi_ @KushalGupta44 pic.twitter.com/9zs8W8eXid

— Zee Business (@ZeeBusiness) March 9, 2021

International Travel House’s 60 per cent revenues comes from MNCs. This sector is seeing a lot of traction which is expected to benefit the company. The quarter-on-quarter growth in its income has been on the rise. From Rs 8 cr in Q1 of FY20, it has become Rs 16 cr in Q4.

The company has 3 promoters – ITC with 3.6 per cent stake, Russell Credit and Russel Investment with 45.36 per cent and 12.73 per cent shares, respectively, he said.  

This company is listed on BSE. At 1:30 pm, the stocks of International Travel House were trading at Rs 73.60 on BSE, up by almost 8.7 per cent.