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Yatra Online IPO is a book built issue of Rs 775.00 crores. The issue is a combination of fresh issue of 4.24 crore shares aggregating to Rs 602.00 crores and offer for sale of 1.22 crore shares aggregating to Rs 173.00 crores.
Yatra Online IPO bidding started from September 15, 2023 and ended on September 20, 2023. The allotment for Yatra Online IPO was finalized on Monday, September 25, 2023. The shares got listed on BSE, NSE on September 28, 2023.
Yatra Online IPO price band is set at ₹135 to ₹142 per share. The minimum lot size for an application is 105 Shares. The minimum amount of investment required by retail investors is ₹14,910. The minimum lot size investment for sNII is 14 lots (1,470 shares), amounting to ₹208,740, and for bNII, it is 68 lots (7,140 shares), amounting to ₹1,013,880.
SBI Capital Markets Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) and Iifl Securities Ltd are the book running lead managers of the Yatra Online IPO, while Link Intime India Private Ltd is the registrar for 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 |
| Price Band | ₹135 to ₹142 per share |
| Lot Size | 105 Shares |
| Total Issue Size | 54,577,465 shares (aggregating up to ₹775.00 Cr) |
| Fresh Issue | 42,394,366 shares (aggregating up to ₹602.00 Cr) |
| Offer for Sale | 12,183,099 shares of ₹1 (aggregating up to ₹173.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 111,894,130 |
| Share holding post issue | 154,288,496 |
Yatra Online IPO offers 54,577,464 shares. 16,373,239 (30.00%) to QIB, 8,186,619 (15.00%) to NII, 5,457,746 (10.00%) to RII 24,559,860 (45.00%) to Anchor investors. 51,978 RIIs will receive minimum 105 shares and 1,856 (sNII) and 3,712 (bNII) will receive minimum 1,470 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 24,559,860 (45.00%) | NA |
| QIB Shares Offered | 16,373,239 (30.00%) | NA |
| NII (HNI) Shares Offered | 8,186,619 (15.00%) | |
| bNII > ₹10L | 5,457,746 (10.00%) | 3,712 |
| sNII < ₹10L | 2,728,873 (5.00%) | 1,856 |
| Retail Shares Offered | 5,457,746 (10.00%) | 51,978 |
| Total Shares Offered | 54,577,464 (100%) |
Yatra Online IPO raises Rs 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 | 24,559,860 |
| 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 | Friday, September 15, 2023 |
| IPO Close Date | Wednesday, September 20, 2023 |
| Basis of Allotment | Monday, September 25, 2023 |
| Initiation of Refunds | Tuesday, September 26, 2023 |
| Credit of Shares to Demat | Wednesday, September 27, 2023 |
| Listing Date | Thursday, September 28, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 20, 2023 |
Investors can bid for a minimum of 105 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 105 | ₹14,910 |
| Retail (Max) | 13 | 1365 | ₹193,830 |
| S-HNI (Min) | 14 | 1,470 | ₹208,740 |
| S-HNI (Max) | 67 | 7,035 | ₹998,970 |
| B-HNI (Min) | 68 | 7,140 | ₹1,013,880 |
| Lot Size Calculator | |||
THCL Travel Holding Cyprus Limited and Asia Consolidated DMC Pte. Ltd. are the promoters of the company.
| Share Holding Pre Issue | 98.59% |
| Share Holding Post Issue | 64.46 |
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 |
| 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 |
The market capitalization of Yatra Online IPO is Rs 2228.21 Cr.
| KPI | Values |
|---|---|
| ROE | 18.1% |
| ROCE | 26.0% |
| Debt/Equity | 0.9 |
| RoNW | 4.50% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 0.69 | |
| P/E (x) | 205.8 | 289.8 |
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...
The Yatra Online IPO is subscribed 1.66 times on September 20, 2023 7:02:00 PM. The public issue subscribed 2.19 times in the retail category, 2.10 times in the QIB category, and 0.43 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 2.10 |
| NII | 0.43 |
| bNII (bids above ₹10L) | 0.51 |
| sNII (bids below ₹10L) | 0.28 |
| Retail | 2.19 |
| Total | 1.66 |
Total Application : 86,841 (1.67 times)
| Listing Date | September 28, 2023 |
| BSE Script Code | 543992 |
| NSE Symbol | YATRA |
| ISIN | INE0JR601024 |
| Final Issue Price | ₹142 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹142.00 |
| ₹130.00 |
| ₹127.40 |
| ₹138.50 |
| ₹135.95 |
| NSE |
|---|
| ₹142.00 |
| ₹127.50 |
| ₹127.50 |
| ₹138.55 |
| ₹135.90 |
Yatra Online Limited
B2/101, Marathon Innova, Marathon Nextgen
Complex B Wing, G. Kadam Marg, Opp. Peninsula
Corp Park, Lower Parel (W), Mumbai – 400013
Phone: +91 22 44357700
Email: investors@yatra.com
Website: https://www.yatra.com/
Link Intime India Private 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 54,577,465 equity shares of the face value of ₹1 aggregating up to ₹775.00 Crores. The issue is priced at ₹135 to ₹142 per share. The minimum order quantity is 105 Shares.
The IPO opens on September 15, 2023, and closes on September 20, 2023.
Link Intime India Private 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 Shares, and the minimum amount required is ₹14,910.
You can apply in Yatra Online IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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