Yatra Online Limited IPO Message Board (Page 6)

*Yatra:*
PE 289
ROE 18
ROCE 26
Profit 7 crores
v/s
*Ease My Trip:*
PE 49
ROE 46
ROCE 54
Profit 150 crores

Yatra IPO morya. Agla varsh vapis aa

Yatra:
PE 289
ROE 18
ROCE 26
Profit 7 crores
v/s
Ease My Trip:
PE 49
ROE 46
ROCE 54
Profit 150 crores
Soch kar, samajh kar, invest kar...
सोच कर, समझ कर, invest कर ।

Today I found many recommendations by Good Brokerage houses for applying
YATrA ipo. I don't understand or not able on what basis they are doing this. One simple reason I found their Good commission for this work. This is the same type of situation at t he time of LIC ipo. At that time too all these houses & experts have strongly advised for subscribing LIC ipo and after that all disappeared . I think many more good options are there in Primary as well as in Secondary market rather than Yatra.

​@abc xyz can u please suggest some good options in primary & secondary market.

Average anchor book.
IPO is priced @ Rs 142 while shareholders exiting through OFS have a cost of Rs 139 and Rs 181. Add interest for the holding period and it shows loss.
Interest rate on loans – vehicle loans 7.25 to 11.25%, factoring 8.3% to 9.4%, NCD – 14 to 14.5%
YoY, 81% jump in revenue and 48% jump in receivables. Boom in travel and tourism industry seems to have helped company become profitable.
YoY other expenses jumped 76%, in line with revenue while service cost has jumped 4X, marketing costs have jumped 2.5X. YoY commission & discounts have jumped from Rs 11 cr to Rs 31 cr      
No further breakup of service cost and marketing & promotion expense provided
Poor cash flow from operations for last 2 years.
As on Mar-23, company has 1086 employees. Attrition rate of employees for fiscals 2023, 2022, and 2021 were 60.92%, 48.37%, and 58.92%. For a service industry company, this is high.
Provision for bad debt has gone up from Rs 29 cr in 21-22 to Rs 45 cr in 22-23. Out of total receivables of Rs 287.5 cr, Rs 12 cr receivable are more than 6 months and without any loss provision.
Other income for last 3 years is Rs 55 cr of which Rs 32 cr is write back of trade payables (purchases made of goods & services for which payment will not be made). For 22-23, this was Rs 13.29 cr and Net profit for 22-23 was Rs 12.2 cr. Without this write back, company would have been in a loss.
Quite a few criminal and civil litigation against and by the company. 36 tax litigation involving company valued at Rs 255 cr

Isme retailer fas jayege Paytm cartrade absl Gls Elin windlas Krishna diagnostic AGS etc. ye sab stock ki tarah phir kabhi ipo me wapas nhi aayege

Institutions are crazy buying anything at any prize. Easemytrip is available at cheap valuations, which is generating ~ EPS. Valuations of Yatra are 4x as compared to EMT. I don't think any one can make some money even for short term or long term here.

P/E ratio is irrelevant here. It barely turned in a tiny amount of profit in FY23 and applying P/E ratio on that tiny amount is completely meaningless. Looking at the profitability trend of last 3 years, It's not too unrealistic for the profit to go from 7 crore in FY23 to 40 crore in FY24 or FY25, in which case its P/E ratio will be lower than that of EaseMyTrip.

I haven't studied yatra financials or RHP till now.

But I absolutely agree that FY 20-21 and 21-22 can't be parameters for any hospitality company due to Covid.

Many many travel companies shut shop during covid. Those who survived will have a long term play without any doubt.

Again, not recommending anything but every business has different USP. I think (need to vet it) yatra has 45-50% revenue from corporate clients which is beneficial in terms of stickiness but in period like covid and even after covid 2nd wave, for more than 1 year most corporates had travel freeze.

So while ease my trip kinda portal would have got more benefits due to revenge tourism. For Yatra, it would have been missed opportunity because of travel freeze.

Yatra Online Ltd GMP 03 ~ 05 @ 09:00pm # 15 Sep #

Kaisi bhi company kitna bhi loss kare and kitne bhi valuation per aaye, Anchor book jabardast rehta hai.
Ye ho kya reha hai!!!

​@dtrader Ji
Pre-IPO placement is exchange or allotment of equity between promoter and investors before opening of IPO for general. It maybe done at lesser price or IPO price. It's decision of the company.
Usually companies keep a small portion of total IPO for Pre-IPO placement to test demand of the IPO in market and these are allotted to institution or big HNI. This is optional for the company. They have lock-in of share for certain period.

Anchor allotment is part of IPO process where it is mandatory for the company to reserve a portion of IPO i.e 60% of 50%/75%(QIB portion) for anchor investors who are institution whether FII or DII. It is always allotted at IPO price and one day before opening of the IPO.
It's prerogative of the company whom to give allotment in the anchor book. The anchor investors too have lock-in of share for 30-90 days.

​@Jetha Lal Sir, Thank you so much for your time and help sir. You are giving so much info and knowledge to new comers like me 🙏 😃 😊

I'm regularly searching for your messages in each IPO page to take decision before applying sir. Hope you continue to help all the IPO applicants like this. I'm skipping Zaggle, Yatra and samhi hotels as well sir. Please give your view on good SME IPOs like Basilic if you are having some free time sir.

Thank you so much Jetha Lal sir 😊 🙏

Soch samajh kar invest kare. Unn Rupyo ki antim yatra na ho

yatra wale 15-20 sept ke bich main 6 din ki yatra pe nikle....
hum toah inki yatra nahi join kar rahe hain...

Good Anchor Book
Not bad at all

I don't think valuations are THAT expensive

But no recommendation

Valiant organics - Valiant Laboratories
BLS E-SERVICES - BLS E-Services

BLS INTERNATIONAL

Anchor list
1/2

I dont understand one thing in Anchor subscriptions. Whiteoak applied via Large cap fund,mid cap fund. & tata through dividend yield fund.
Aren't Funds name supposed to show what equities they invest in? If the answer of the above is yes, then these funds are only for short term gain/listing gains.

​@UjwalG It's mandatory for every fund to do make their holding public at the end of every month. You can check it on StockEdge application.
If i couldn't able to understand your question then kindly elaborate it a bit and i will try to answer you.

Anchor list
1/2

Anchor list?

Ye kahin TVS SC wala rasta to nahi pakad raha hai...... 2.59 tak QIB ki raah dekhna padega kya??

Mr. Davda's first Avoid of FY 2023-24.

People will apply R R Kabel as QIB will be 50x or more by 3 PM

Mr singh ....

Who uses yatra.com these days? Genuine question. Also i dont see any ads these days of yatra.com

​@UjwalG If Skyscanner or Google flights suggest then I don't mind to use it if it gives cheapest and convenient flight.

As a frequent traveller, I have used yatra.com occasionally, mostly for international flights. I prefer EMT or airline websites (Etihad, KLM, SIA). What I find good about Yatra is that it shows all fee upfront so that I don't get a shock when I get to the final receipt page.

As per my knowledge nowadays new generation start-up don't know how to earn profit and especially understanding INDIAN consumer mindset is not easy deal . Indian consumer is not loyal to any brand because "Bhav bhagvan che " if you purchase tickets from MMT but when they stops to give you discount you will shift to new seller ex.EMT or clear trip. This sector is highly competitive and AAM 🥭 ko pak ne me abhi time he . Samajdar ko ishara hi kaafi he 😉.

This is totally based on my knowledge and thinking. happy to learn more from other experts abou this sector

Yatra ipo reminds me the ipo of ADAni .
Both issues multiplication are more or less very similar.

Those who love ❤ the ✈️Journeys ( yatras) may overlook Yatra and love other similar stocks like Ease my ❤ Trip ( EMT)

​@abc xyz Ji
It reminds me of CarTrade or PayTm but honestly Yatra is one of the worst IPO you could have ever seen.