Yatra Online, the third-largest travel service provider in India, has commenced its IPO subscription today.
Investors can participate with a single lot. The subscription period will run until the 20th. Here are the IPO details:
Number of Shares Issued
Yatra Online aims to raise Rs 62.01 crore through rights issues, offering 2,62,7,697 equity shares to its promoter THCL. The company also plans to introduce fresh equity worth Rs 602 crore.
Offer for Sale (OFS)
Promoters and existing shareholders have the option to purchase 1.218 crore shares through the Offer for Sale (OFS). The total issue size stands at Rs 775 crore, as per the upper price band.
Yatra Online IPO Highlights
- IPO Opens: September 15, 2023
- IPO Closes: September 20, 2023
- Minimum Investment: Rs 14,175
- Price Range: Rs 135-142
- Lot Size: 105
- Issue Size: Rs 776 crore
Grey Market Premium (GMP)
In the unlisted market, Yatra Online’s shares are currently trading at Rs 142, indicating neither a premium nor a discount.
Utilization of Funds
Proceeds from this IPO will fund strategic investments, acquisitions, technology advancements, and growth initiatives.
Approximately Rs 150 crore will be allocated for strategic investments, acquisitions, and technology enhancements.
Timeline
The IPO allotment for Yatra Online is expected to be completed by September 25th, with the stock likely to be listed on the stock market on September 28th or 29th.
Investors who do not receive shares in the IPO will receive refunds by September 26th.
Company Overview
Yatra Online is a travel tech startup and ranks as the third-largest online travel company in India in terms of operating revenue.
