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Yatra Online IPO to open on September 15; price band, lot size & more

Yatra Online IPO

Yatra Online IPO – Yatra Online’s first public offering (IPO) will be available for subscription on Friday, September 15. The price band set by the firm was Rs 135-142 per equity share, with a lot size of 105 equity shares and multiples thereof. The three-day bidding period will end on September 20. Yatra Online, founded in 2005, provides information, pricing, availability, and booking services to domestic and international customers. The company sells domestic and international air tickets on Indian and international airlines, as well as bus and train tickets, cab bookings, and other auxiliary services. 

The business intends to raise Rs 775 crore in total, including a fresh issuance worth Rs 602 crore and an offer-for-sale (OFS) of 1.22 crore equity shares by promoter THCL. 

Yatra Online IPO

The net proceeds of the offering will be used to fund strategic investments, acquisitions, and inorganic expansion; investment in customer acquisition and retention, technology, and other organic growth efforts; and general business purposes. Yatra Online has contracts with about 94,000 hotels and homestays in around 1,400 cities in India, as well as more than two million hotels worldwide.  

The company operates India’s largest domestic hotel platform. Clients of the organization include both B2B and B2C customers. Yatra Online declared a net profit of Rs 7.63 crore for the fiscal year ending March 31, with revenue of Rs 397 crore. In the previous fiscal year, which ended in March 2022, the company reported a net loss of Rs 30.79 crore on revenue of Rs 218.81 crore. The company has set aside 75% of the net offer for qualified institutional bidders (QIBs), with the remaining 15% reserved for non-institutional investors (NIIs). 

The remaining 10% of the offer will be allocated to retail investors. The book-running managers for the issue are SBI Capital Markets, DAM Capital Advisors, and IIFL Securities, while the registrar is Link Intime India.