Bookbuilding IPO | ₹775 Cr | Listed at BSE, NSE | Fri, Sep 15, 2023 - Wed, Sep 20, 2023
Yatra Online IPO is a book build issue of ₹775.00 crores. The issue is a combination of fresh issue of 4.24 crore shares aggregating to ₹602.00 crores and offer for sale of 1.22 crore shares aggregating to ₹173.00 crores.
Yatra Online IPO bidding started from Sep 15, 2023 and ended on Sep 20, 2023. The allotment for Yatra Online IPO was finalized on Sep 25, 2023. The shares got listed on BSE, NSE on Sep 28, 2023.
Yatra Online IPO price band is set at ₹142 per share. The lot size for an application is 105. The minimum amount of investment required by an retail is ₹14,910 (105 shares) (based on upper price). The lot size investment for sNII is 14 lots (1,470 shares), amounting to ₹2,08,740, and for bNII, it is 68 lots (7,140 shares), amounting to ₹10,13,880.
SBI Capital Markets Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Yatra Online IPO RHP for detailed Information.
IPO Open
Fri, Sep 15, 2023
IPO Close
Wed, Sep 20, 2023
Issue Price
₹142 per share
Market Cap (Pre-IPO)
₹2,228.21 Cr
| IPO Date | 15 to 20 Sep, 2023 |
| Listed on | Thu, Sep 28, 2023 |
| Face Value | ₹1 per share |
| Price Band | ₹135 to ₹142 |
| Issue Price | ₹142 per share |
| Lot Size | 105 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 5,45,77,465 shares (agg. up to ₹775 Cr) |
| Fresh Issue | 4,23,94,366 shares (agg. up to ₹602 Cr) |
| Offer for Sale | 1,21,83,099 shares of ₹1 (agg. up to ₹173 Cr) |
| Share Holding Post Issue | 15,42,88,496 shares |
| BSE Script Code / NSE Symbol | 543992 / YATRA |
| ISIN | INE0JR601024 |
Yatra Online IPO offers total 5,45,77,465 shares. Out of which 4,09,33,100 (75.00%) allocated to QIB, 1,63,73,240 (30.00%) allocated to QIB (Ex- Anchor), 81,86,619 (15.00%) allocated to NII 54,57,746 (10.00%) allocated to RII and 2,45,59,860 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 4,09,33,100 (75.00%) | NA |
| − Anchor Investor Shares Offered | 2,45,59,860 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,63,73,240 (30.00%) | NA |
| NII (HNI) Shares Offered | 81,86,619 (15.00%) | NA |
| − bNII > ₹10L | 54,57,746 (10.00%) | 3,712 |
| − sNII < ₹10L | 27,28,873 (5.00%) | 1,856 |
| Retail Shares Offered | 54,57,746 (10.00%) | 51,978 |
| Total Shares Offered | 5,45,77,465 (100.00%) |
Investors can bid for a minimum of 105 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 105 | ₹14,910 |
| Retail (Max) | 13 | 1,365 | ₹1,93,830 |
| S-HNI (Min) | 14 | 1,470 | ₹2,08,740 |
| S-HNI (Max) | 67 | 7,035 | ₹9,98,970 |
| B-HNI (Min) | 68 | 7,140 | ₹10,13,880 |
Yatra Online IPO raises ₹348.75 crore from anchor investors. Yatra Online IPO Anchor bid date is September 14, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Sep 14, 2023 |
| Shares Offered | 2,45,59,860 |
| Anchor Portion (₹ Cr.) | 348.75 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Oct 25, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Dec 24, 2023 |
Incorporated in 2005, Yatra Online Limited provides information, pricing, availability, and booking facilities for domestic and international customers.
The company provides domestic and international air ticketing on Indian and international airlines, as well as bus ticketing, rail ticketing, cab bookings, and ancillary services within India, hotels, homestays, and other accommodations bookings, with about 105,600 hotels in 1,490 cities and towns in India, as on Fiscal 2023 and more than two million hotels globally through its website yatra.com, mobile applications, corporate SaaS platform, and other associated platforms.
Yatra Online has over 94,000 hotels and homestays contracted in approximately 1,400 cities across India as well as more than 2 million hotels around the world. The company is India's largest platform for domestic hotels. Yatra Online recently launched a freight forwarding business called Yatra Freight to further expand its corporate service offerings.
The company's clientele includes both B2B and B2C customers, this enables the company to target India's most frequent and high-spending travelers, namely, educated urban consumers. As of fiscal 2023, the company has over 813 corporate customers and over 49,800 registered SME customers and is the third largest consumer online travel company (OTC) in the country in terms of gross booking revenue as well as has the largest number of hotel and accommodation tie-ups amongst key domestic OTA players of over 2,105,600 tie-ups.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 681.25 | 547.78 | 562.91 |
| Total Income | 397.47 | 218.81 | 143.62 |
| Profit After Tax | 7.63 | -30.79 | -118.86 |
| NET Worth | 169.52 | 100.93 | 123.49 |
| Total Borrowing | 153.07 | 35.86 | 13.11 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Strategic investments, acquisitions and inorganic growth | 150.00 |
| 2 | Investment in customer acquisition and retention, technology, and other organic growth initiatives; and | 392.00 |
| 3 | General corporate purposes | 28.10 |
| KPI | |
|---|---|
| ROE | 18.1% |
| ROCE | 26.0% |
| Debt/Equity | 0.90 |
| RoNW | 4.50% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 0.69 | |
| P/E (x) | 205.8 | 289.8 |
| Promoter Holding | 98.59% | 64.46% |
| Market Cap | ₹2,228.21 Cr. |
The Yatra Online IPO is subscribed 1.66 times on September 20, 2023 7:02:00 PM (Day 3). The public issue subscribed 2.19 times in the retail category, 2.1 times in the QIB category, and 0.43 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 2.1 | 1,63,73,239 | 3,43,86,765 |
| NII | 0.43 | 81,86,619 | 35,41,545 |
| bNII (bids above ₹10L) | 0.51 | 54,57,746 | 27,79,140 |
| sNII (bids below ₹10L) | 0.28 | 27,28,873 | 7,62,405 |
| Retail | 2.19 | 54,57,746 | 1,19,64,120 |
| Total | 1.66 | 3,00,17,604 | 4,98,92,430 |
Total Application : 86,841
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs | 2.14 |
| 2 | Advertising and marketing expenses | 0.49 |
| 3 | Fees payable to the Registrar to the Offer | 0.00 |
| 4 | Brokerage and selling commission payable to SCSBs, Registered Brokers, RTAs and CDPs, as applicable(1) | 0.04 |
| 5 | Processing fees to the SCSBs and to the Sponsor Banks for ASBA Forms procured by Registered Brokers, RTAs or CDPs (2) | 0.04 |
| 6 | Printing and distribution of issue stationery | 0.10 |
| 7 | Fees to regulators, including stock exchanges | 0.25 |
| 8 | Others: (i) Book building, listing fees and other regulatory expenses; (ii) Fees payable to legal counsel; and (iii) Miscellaneous. | 1.04 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹142.00 | ₹142.00 |
| Open | ₹130.00 | ₹127.50 |
| Low | ₹127.40 | ₹127.50 |
| High | ₹138.50 | ₹138.55 |
| Last Trade | ₹135.95 | ₹135.90 |
Yatra Online IPO is a main-board IPO of 5,45,77,465 equity shares of the face value of ₹1 aggregating up to ₹775 Crores. The issue is priced at ₹142 per share. The minimum order quantity is 105.
The IPO opens on Fri, Sep 15, 2023, and closes on Wed, Sep 20, 2023.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Yatra Online IPO using UPI as a payment gateway. Zerodha customers can apply in Yatra Online IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Yatra Online IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Yatra Online IPO opens on Fri, Sep 15, 2023 and closes on Wed, Sep 20, 2023.
Yatra Online IPO lot size is 105, and the minimum amount required for application is ₹14,910.
You can apply in Yatra Online IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Yatra Online IPO will be done on Monday, September 25, 2023, and the allotted shares will be credited to your demat account by Wed, Sep 27, 2023. Check the Yatra Online IPO allotment status.
The Yatra Online IPO listing date is on Thu, Sep 28, 2023.
