Yatra Online IPO
IPO Details
- Open Date
15 Sep 2023
- Close Date
20 Sep 2023
- IPO
Price Range
₹ 135 to ₹ 142
- IPO
Size
TBA
- Listing Exchange
BSE, NSE
- Listing Date
29 Sep 2023
IPO Timeline
Yatra Online IPO Subscription Status
Date | QIB | NII | Retail | TOTAL |
---|---|---|---|---|
15-Sep-23 | 0.00 | 0.03 | 0.59 | 0.12 |
18-Sep-23 | 0.07 | 0.09 | 1.39 | 0.31 |
20-Sep-23 | 2.10 | 0.43 | 2.19 | 1.66 |
Last Updated: 20 September 2023 6:08 PM by rahul_raskar
Yatra Online Limited IPO is all set to open from 15th September to 20th September 2023. The company is involved in providing services related to information, pricing, availability, and booking for domestic and international customers. The IPO includes a fresh issue of ₹602.00 cr and an Offer For Sale (OFS) of 12,183,099 equity shares. The share allotment date is 25th September, and the IPO will be listed on 29th September on the stock exchanges. The price band is ₹135 to ₹142 per share and the lot size is 105 shares.
SBI Capital Markets Limited, DAM Capital Advisors Limited, and IIFL Securities Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar.
Objectives of Yatra Online IPO:
● To fund strategic investments, acquisitions, and inorganic growth.
● To invest in customer acquisitions and inorganic growth.
● Fund general corporate purposes.
Yatra Online IPO Video:
Established in 2005, Yatra Online, Inc. is the parent company of Yatra Online Limited whose corporate office is based in Gurugram, India, and is one of India's leading corporate travel services providers. The company provides information, pricing, availability, and booking facilities for domestic and international air travel, domestic and international hotel bookings, holiday packages, buses, trains, in-city activities, intercity, and point-to-point cabs, homestays, and cruises.
Yatra has around 2,105,600 hotels in 1,490 cities and towns in India as of FY23. It is India's largest platform for domestic hotels. Yatra Online is also the third largest consumer online travel company (OTC) in terms of gross revenue booking in India. It also has the largest number of hotel and accommodation tie-ups amongst key OTA players with over 2,105,600 tie-ups, as of FY23.
Yatra Online has more than 813 corporate customers and almost 50k registered SME customers. The company also has a freight forwarding business called Yatra Freight to further expand its corporate service offerings.
Yatra Online aims to provide a “one-stop shop” for its customers by providing access to holiday packages and other activities such as visa facilitation, tours, sightseeing, shows, and events.
Peer Comparison
● Easy Trip Planners Limited
Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
---|---|---|---|
Revenue | 380.16 | 198.06 | 125.45 |
EBITDA | 66.96 | 32.14 | -5.06 |
PAT | 7.63 | -30.78 | -118.86 |
Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
---|---|---|---|
Total Assets | 681.25 | 547.78 | 562.90 |
Share Capital | 11.452 | 11.189 | 11.09 |
Total Borrowings | 511.72 | 446.85 | 439.42 |
Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
---|---|---|---|
Net cash generated from / (used in) operating activities | -153.06 | -83.38 | 104.10 |
Net cash from / (used in) investing activities | -16.67 | -8.44 | -21.10 |
Net cash flow from / (used in) financing activities | 138.42 | 20.08 | 6.46 |
Net increase (decrease) in cash and cash equivalents | -31.31 | -71.75 | 89.45 |
Strengths
1. The company is a trusted brand with a proven track record and targeted marketing strategy.
2. It has a large and loyal customer base.
3. It offers a Synergistic Multi-Channel go-to-market approach for business and leisure travellers.
4. The company also has a B2B channel.
5. Integrated technology platform.
6. A comprehensive selection of service and product offerings.
7. Seasoned management team with deep domain expertise.
Risks
1. Negative cash flow in the past.
2. The company has reported losses in the past.
3. Dependent on the airline ticketing business, which generates 46.82% of revenues and can create business concentration risk.
4. The business can be negatively impacted by changes in Internet search engine algorithms and dynamics or search engine disintermediation.
5. Changes in travellers’ preferences due to increased use of telepresence equipment, cost of travel, spending habits, and other factors may adversely affect the demand for travel services and hotel rooms leading to adverse effects on the business.
6. Operates in a very competitive industry.
7. Any pandemic-like situation can impact the company’s profitability.
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FAQs
The minimum lot size of Yatra Online IPO is 105 shares and the investment required is ₹14,175.
The price band of Yatra Online IPO is ₹135 to ₹142.
Yatra Online IPO is open from 15th September to 20th September 2023.
The Yatra Online IPO includes a fresh issue of ₹602.00 cr and an Offer For Sale (OFS) of 12,183,099 equity shares.
The share allotment date of Yatra Online IPO is the 25th of September, 2023.
The Yatra Online IPO will be listed on the 29th of September, 2023.
SBI Capital Markets Limited, DAM Capital Advisors Limited, and IIFL Securities Limited are the book-running lead managers for Yatra Online IPO.
Yatra Online plans to utilize the raised capital from IPO to:
1. To fund strategic investments, acquisitions, and inorganic growth.
2. To invest in customer acquisitions and inorganic
To apply for Yatra Online IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Yatra Online IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Information
Yatra Online
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/
Yatra Online IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: yatra.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Yatra Online IPO Lead Manager
SBI Capital Markets Limited
Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
IIFL Securities Ltd