Yatra Online IPO vs Zaggle Prepaid Ocean IPO

Comparison between Yatra Online IPO and Zaggle Prepaid Ocean IPO.

IPO Details

Yatra Online IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Zaggle Prepaid Ocean IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Yatra Online IPO is up to ₹775.00 Cr whereas the issue size of the Zaggle Prepaid Ocean IPO is up to ₹563.38 Cr. The final issue price of Yatra Online IPO is ₹142.00 per share and of Zaggle Prepaid Ocean IPO is ₹164.00 per share.

 Yatra Online IPOZaggle Prepaid Ocean IPO
Face Value₹1 per share₹1 per share
Issue Price (Lower)₹135.00 per share₹156.00 per share
Issue Price (Upper)₹142.00 per share₹164.00 per share
Issue Price (Final)₹142.00 per share₹164.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size105 shares90 shares
Fresh Issue Size4,23,94,366 shares2,39,02,439 shares
Fresh Issue Size (Amount)up to ₹602.00 Crup to ₹392.00 Cr
OFS Issue Size1,21,83,099 shares1,04,49,816 shares
OFS Issue Size (Amount)up to ₹173.00 Crup to ₹171.38 Cr
Issue Size Total5,45,77,465 shares3,43,52,255 shares
Issue Size Total (Amount)up to ₹775.00 Crup to ₹563.38 Cr

IPO Timetable

Yatra Online IPO opens on Sep 15, 2023, while Zaggle Prepaid Ocean IPO opens on Sep 14, 2023. The closing date of Yatra Online IPO and Zaggle Prepaid Ocean IPO is Sep 20, 2023, and Sep 18, 2023, respectively.

 Yatra Online IPOZaggle Prepaid Ocean IPO
Anchor Bid DateSep 14, 2023Sep 13, 2023
Issue OpenSep 15, 2023Sep 14, 2023
Issue CloseSep 20, 2023Sep 18, 2023
Basis Of Allotment (Tentative)Sep 25, 2023Sep 22, 2023
Initiation of Refunds (Tentative)Sep 26, 2023Sep 25, 2023
Credit of Share (Tentative)Sep 27, 2023Sep 26, 2023
Listing date (Tentative)Sep 28, 2023Sep 22, 2023
Anchor Lockin End date 1Oct 25, 2023Oct 22, 2023
Anchor Lockin End date 2Dec 24, 2023Dec 21, 2023

Financials & KPIs

Yatra Online IPO P/E ratio is 205.8, as compared to Zaggle Prepaid Ocean IPO P/E ratio of 66.67.

 Yatra Online IPOZaggle Prepaid Ocean IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets681.25547.78562.91
Total Income397.47218.81143.62
Profit After Tax7.63-30.79-118.86
NET Worth169.52100.93123.49
Total Borrowing153.0735.8613.11
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Mar 2023
Assets234.76
Total Income554.58
Profit After Tax22.90
NET Worth48.75
Reserves and Surplus39.36
Total Borrowing121.07
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.5957.91
Promoter Shareholding (Post-Issue)64.46
P/E Ratio205.866.67
Market Cap₹2228.21 Cr.₹2002.00 Cr.
ROE18.1%46.98%
ROCE26.0%
Debt/Equity0.902.48
EPS₹0.69₹2.46
RoNW4.50%46.98%

Shares Offered

In the Yatra Online IPO Retail Individual Investors (RII) are offered 54,57,746 shares while in Zaggle Prepaid Ocean IPO retail investors are offered 54,57,746 shares. Qualified Institutional Buyers (QIB) are offered 1,63,73,240 shares in Yatra Online IPO and 1,03,05,677 shares in Zaggle Prepaid Ocean IPO.

 Yatra Online IPOZaggle Prepaid Ocean IPO
Anchor Investor Reservation2,45,59,860 shares1,54,58,515 shares
Market Maker Reservation
QIB1,63,73,240 shares1,03,05,677 shares
NII81,86,619 shares51,52,838 shares
RII54,57,746 shares34,35,225 shares
Employee
Others
Total5,45,77,465 shares3,43,52,255 shares

Bids Received (Subscription)

Yatra Online IPO subscribed 1.66x in total, whereas Zaggle Prepaid Ocean IPO subscribed 12.86x.

 Yatra Online IPOZaggle Prepaid Ocean IPO
QIB (times)2.10x16.94x
NII (times)0.43x9.16x
Big NII (times)0.51x10.36x
Small NII (times)0.28x6.76x
RII (times)2.19x6.15x
Employee (times)
Other (times)
Total (times)1.66x12.86x

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