Updater Services IPO vs Yatra Online IPO

Comparision between Updater Services IPO and Yatra Online IPO.

IPO Details

Updater Services IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Yatra Online IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Updater Services IPO	Yatra Online IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Iifl Securities Ltd Motilal Oswal Investment Advisors Limited SBI Capital Markets Limited	SBI Capital Markets Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Iifl Securities Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Updater Services IPO is up to ₹640.00 Cr whereas the issue size of the Yatra Online IPO is up to ₹775.00 Cr. The final issue price of Updater Services IPO is ₹300.00 per share and of Yatra Online IPO is ₹142.00 per share.

	Updater Services IPO	Yatra Online IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹280.00 per share	₹135.00 per share
Issue Price (Upper)	₹300.00 per share	₹142.00 per share
Issue Price (Final)	₹300.00 per share	₹142.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	50 shares	105 shares
Fresh Issue Size	1,33,33,333 shares	4,23,94,366 shares
Fresh Issue Size (Amount)	up to ₹400.00 Cr	up to ₹602.00 Cr
OFS Issue Size	80,00,000 shares	1,21,83,099 shares
OFS Issue Size (Amount)	up to ₹240.00 Cr	up to ₹173.00 Cr
Issue Size Total	2,13,33,333 shares	5,45,77,465 shares
Issue Size Total (Amount)	up to ₹640.00 Cr	up to ₹775.00 Cr

IPO Timetable

Updater Services IPO opens on Sep 25, 2023, while Yatra Online IPO opens on Sep 15, 2023. The closing date of Updater Services IPO and Yatra Online IPO is Sep 27, 2023, and Sep 20, 2023, respectively.

	Updater Services IPO	Yatra Online IPO
Anchor Bid Date	Sep 22, 2023	Sep 14, 2023
Issue Open	Sep 25, 2023	Sep 15, 2023
Issue Close	Sep 27, 2023	Sep 20, 2023
Basis Of Allotment (Tentative)	Sep 28, 2023	Sep 25, 2023
Initiation of Refunds (Tentative)	Sep 29, 2023	Sep 26, 2023
Credit of Share (Tentative)	Oct 03, 2023	Sep 27, 2023
Listing date (Tentative)	Oct 04, 2023	Sep 28, 2023
Anchor Lockin End date 1	Oct 28, 2023	Oct 25, 2023
Anchor Lockin End date 2	Dec 27, 2023	Dec 24, 2023

Financials

Updater Services IPO P/E ratio is 44.31, as compared to Yatra Online IPO P/E ratio of 205.8.

Updater Services IPO

Yatra Online IPO

Financial

Updater Services IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	579.49	874.57	1,216.95
Revenue	1,216.35	1,497.89	2,112.09
Profit After Tax	47.56	57.37	34.61
Net Worth	285.26	340.43	380.89
Reserves and Surplus
Total Borrowing	11.61	58.68	176.54

Amount in ₹ Crore

Yatra Online IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
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
Reserves and Surplus
Total Borrowing	13.11	35.86	153.07

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

80.58%

98.59%

Promoter Shareholding (Post-Issue)

58.47%

64.46

P/E Ratio

44.31

205.8

Market Cap

₹2001.00 Cr.

₹2228.21 Cr.

ROE

9.40%%

18.1%%

ROCE

14.17%%

26.0%%

Debt/Equity

0.46

0.9

EPS

₹6.77

₹0.69

RoNW

9.34%%

4.50%%

Shares Offered

In the Updater Services IPO retail investors (RII) are offered 21,33,333 shares while in Yatra Online IPO retail investors are offered 21,33,333 shares. Qualified institutional buyers (QIB) are offered 64,00,000 shares in Updater Services IPO and 1,63,73,239 shares in Yatra Online IPO.

	Updater Services IPO	Yatra Online IPO
Anchor Investor Reserveration	96,00,000 shares	2,45,59,860 shares
Market Maker Reserveration
QIB	64,00,000 shares	1,63,73,239 shares
NII	32,00,000 shares	81,86,619 shares
RII	21,33,333 shares	54,57,746 shares
Employee	0 shares	0 shares
Others
Total	1,17,33,333 shares	3,00,17,604 shares

Bids Received (Subscription)

Updater Services IPO subscribed 2.96x in total, whereas Yatra Online IPO subscribed 1.66x.

	Updater Services IPO	Yatra Online IPO
QIB (times)	4.50x	2.10x
NII (times)	0.89x	0.43x
Big NII (times)	1.07x	0.51x
Small NII (times)	0.53x	0.28x
RII (times)	1.45x	2.19x
Employee (times)
Other (times)
Total (times)	2.96x	1.66x

Compare with others

Updater Services IPO	Yatra Online IPO
Mamaearth IPO	Updater Services IPO
Blue Jet Healthcare IPO	Valiant Laboratories IPO
Protean eGov Technologies IPO	Manoj Vaibhav Gems 'N' Jewellers IPO
IRM Energy IPO	JSW Infrastructure IPO
Plaza Wires IPO	Sai Silks (Kalamandir) IPO
Valiant Laboratories IPO	Zaggle Prepaid Ocean Services IPO
Manoj Vaibhav Gems 'N' Jewellers IPO	R R Kabel IPO
JSW Infrastructure IPO	SAMHI Hotels IPO
Sai Silks (Kalamandir) IPO	EMS IPO
Yatra Online IPO	Jupiter Life Line Hospitals IPO

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