12-Sep-2023
2 mins read
Yatra Online Ltd, a travel technology startup, has obtained approval from the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO). They have announced a price range of Rs 135-142 per share. The IPO subscription will commence on September 15, with the anchor book opening on September 14, and it is scheduled to conclude on September 20. The basis of allotment will be disclosed on September 25, and equity shares will be credited to demat accounts on September 26. The company intends to generate Rs 602 crore through a combination of a fresh issue and an offer for sale, involving up to 12.18 million shares from both its promoters and existing shareholders. At the higher end of the price range, the overall issue size amounts to Rs 775 crore, resulting in a valuation of Rs 2,230 crore for the firm.
Yatra Online Ltd Company Profile
Established in the year 2005, Yatra Online Limited specialises in offering a wide range of services to domestic and international customers. These services encompass providing information, pricing details, availability, and convenient booking facilities for various travel-related needs.
The company offers a comprehensive range of services, including domestic and international air ticketing for both Indian and international airlines. Additionally, it facilitates bus ticket bookings, rail ticket reservations, and cab bookings within India. Yatra Online Limited also extends its services to include ancillary offerings. This includes the booking of hotels, homestays, and various other accommodations, boasting a portfolio of approximately 105,600 hotels across 1,490 cities and towns in India as of Fiscal 2023. Moreover, the company provides access to more than two million hotels worldwide through its online platform, which encompasses its website, mobile applications, corporate Software as a Service (SaaS) platform, and other affiliated platforms.
Yatra Online has a robust network of over 94,000 contracted hotels and homestays spread across approximately 1,400 cities in India. Additionally, it provides access to an extensive selection of over 2 million hotels worldwide. Notably, the company holds the distinction of being India’s largest platform for domestic hotels.
Furthermore, Yatra Online has diversified its corporate service offerings by venturing into the freight forwarding business. This new venture, known as Yatra Freight, represents the company’s strategic expansion into this sector.
Yatra Online serves a diverse clientele, catering to both B2B (Business-to-Business) and B2C (Business-to-Consumer) customers. This approach allows the company to target some of India’s most frequent and high-spending travellers, specifically educated urban consumers.
Financial Performance of Yatra Online Ltd
| Period Ended | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 |
| Assets | 562.91 | 547.78 | 681.25 |
| Revenue | 143.62 | 218.81 | 397.47 |
| Profit After Tax | -118.86 | -30.79 | 7.63 |
| Net Worth | 123.49 | 100.93 | 169.52 |
| Total Borrowing | 13.11 | 35.86 | 153.07 |
Important Details for Yatra Online Ltd
| IPO Date | September 15, 2023 to September 20, 2023 |
| Listing Date | September 29, 2023 |
| Face Value | Re 1 per share |
| Price | Rs 135 to Rs 142 per share |
| Lot Size | 105 Shares |
| Fresh Issue | Aggregating up to Rs 602.00 Cr |
| Offer for Sale | 12,183,099 shares of Re 1 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre-issue | 111,894,130 |
Timetable of Yatra Online Ltd IPO
| Anchor Investors Allotment: | 14-Sep-23 |
| IPO Open Date: | 15-Sep-23 |
| IPO Close Date: | 20-Sep-23 |
| Basis of Allotment: | 25-Sep-23 |
| Refunds | 26-Sep-23 |
| Credit to Demat Account: | 27-Sep-23 |
| IPO Listing Date: | 28-Sep-23 |
Yatra Online Ltd IPO Reservation
| QIB Shares Offered | Not less than 75.00% of the Net offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
| Retail Shares Offered | Not more than 10.00% of the Offer |
Yatra Online Ltd IPO Lead Managers
Lead managers of the Yatra Online Ltd IPO are SBI Capital Markets Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) and Iifl Securities Ltd.
How to Apply for Yatra Online Ltd IPO?
Wait for the public issue to open for subscription, then click on this link to apply for the Yatra Online Ltd IPO with Bigul https://ipo.bonanzaonline.com/.
FAQs for Yatra Online Ltd IPO
- What is the price range for Yatra Online Ltd’s IPO?
The price range for Yatra Online Ltd’s IPO is Rs 135 to Rs 142 per share.
- When does the IPO subscription period start and end?
The IPO subscription period starts on September 15, 2023, and ends on September 20, 2023.
- When will the basis of allotment be disclosed?
The basis of allotment will be disclosed on September 25, 2023.
- When will equity shares be credited to demat accounts?
Equity shares will be credited to demat accounts on September 26, 2023.
- What is the company’s plan for raising funds through the IPO?
Yatra Online Ltd aims to raise Rs 602 crore through a combination of a fresh issue and an offer for sale.
- When is the listing date for Yatra Online Ltd IPO?
The IPO is set to be listed on September 29, 2023.
- What is the lot size for the IPO?
The lot size for the IPO is 105 shares.
- Who are the lead managers for the IPO?
The lead managers for the Yatra Online Ltd IPO are SBI Capital Markets Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), and Iifl Securities Ltd.