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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 ₹142.00 per share . The lot size for an application is 105. The minimum amount of investment required by an retail is ₹14,175 (105 shares). 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 Date | September 15, 2023 to September 20, 2023 |
| Listing Date | September 28, 2023 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹135 to ₹142 per share |
| Issue Price Final | ₹142 per share |
| Lot Size | 105 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 5,45,77,465 shares (aggregating up to ₹775.00 Cr) |
| Fresh Issue | 4,23,94,366 shares (aggregating up to ₹602.00 Cr) |
| Offer for Sale | 1,21,83,099 shares of ₹1 (aggregating up to ₹173.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Post Issue | 15,42,88,496 shares |
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, 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 | Maximum 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%) |
Yatra Online IPO raises ₹348.75 crore from anchor investors. Yatra Online IPO Anchor bid date is September 14, 2023. Yatra Online IPO Anchor Investors list
| Bid Date | September 14, 2023 |
| Shares Offered | 2,45,59,860 |
| Anchor Portion Size (In Cr.) | 348.75 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 25, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 24, 2023 |
Yatra Online IPO opens on September 15, 2023, and closes on September 20, 2023.
| IPO Open Date | Fri, Sep 15, 2023 |
| IPO Close Date | Wed, Sep 20, 2023 |
| Tentative Allotment | Mon, Sep 25, 2023 |
| Initiation of Refunds | Tue, Sep 26, 2023 |
| Credit of Shares to Demat | Wed, Sep 27, 2023 |
| Tentative Listing Date | Thu, Sep 28, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 20, 2023 |
Investors can bid for a minimum of 105 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 562.91 | 547.78 | 681.25 |
| Total Income | 143.62 | 218.81 | 397.47 |
| Profit After Tax | -118.86 | -30.79 | 7.63 |
| Net Worth | 123.49 | 100.93 | 169.52 |
| Reserves and Surplus | |||
| Total Borrowing | 13.11 | 35.86 | 153.07 |
The market capitalization of Yatra Online IPO is ₹2228.21 Cr.
| KPI | Values |
|---|---|
| ROE | 18.1% |
| ROCE | 26.0% |
| Debt/Equity | 0.90 |
| RoNW | 4.50% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] Though YOL is one of the largest corporate travel service providers, it posted dismal financial performance till FY22. Based on its improved FY23 earnings, the issue appears exorbitantly priced. It has posted the highest attrition rates for the reported periods, which raises concern. There is no harm in skipping this pricey bet. Read detail review...
| Listing Date | September 28, 2023 |
| BSE Script Code | 543992 |
| NSE Symbol | YATRA |
| ISIN | INE0JR601024 |
| Final Issue Price | ₹142 per share |
| BSE Listing Group | B |
Yatra Online Ltd.
B2/101, Marathon Innova, Marathon Nextgen
Complex B Wing, G. Kadam Marg, Opp. Peninsula
Corp Park, Lower Parel (W), Mumbai – 400013
Mumbai, Maharashtra
Phone: +91 22 44357700
Email: investors@yatra.com
Website: https://www.yatra.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: yatra.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Yatra Online IPO is a main-board IPO of 5,45,77,465 equity shares of the face value of ₹1 aggregating up to ₹775.00 Crores. The issue is priced at ₹142 per share. The minimum order quantity is 105.
The IPO opens on September 15, 2023, and closes on September 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 September 15, 2023 and closes on September 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 Wednesday, September 27, 2023. Check the Yatra Online IPO allotment status.
The Yatra Online IPO listing date is on Thursday, September 28, 2023.
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