Yatra Online IPO launches today: GMP, review, and key details

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Yatra Online IPO Launches Today: GMP, Review & Other Details

Yatra Online’s much-anticipated Initial Public Offering (IPO) subscription period kicked off today, Friday, September 15, and is set to conclude on Wednesday, September 20. The company has established a price band ranging from ₹135 to ₹142 per equity share, with each share holding a face value of ₹1. Notably, Yatra Online already generated ₹348 crore from anchor investors on Thursday, September 14.

Yatra Online IPO Reservation

In a bid to ensure broad participation, Yatra Online has allocated a substantial portion of the shares in the public offering: 75% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 10% for Retail Investors.

Yatra Online IPO Lot Size

The Yatra IPO lot size consists of 105 equity shares, with multiples of 105 equity shares available for purchase.

In the same industry, Easy Trip Planners Limited, boasting a P/E ratio of 56.53, serves as a listed peer company.

As of the first day of subscription, Yatra IPO has already seen a 4% subscription rate overall, with the retail portion showing strong interest at 19%, as reported by BSE data at 11:03 IST.

Yatra Online IPO in Detail

The Yatra Online IPO is a combination of a fresh issuance of ₹602 crore worth of shares and an offer for sale (OFS) of up to 12.2 million shares by a promoter and existing investor.

The net proceeds from this offering will be allocated towards strategic investments, potential acquisitions, inorganic expansion, general corporate needs, customer acquisition, retention efforts, technology enhancements, and other organic growth initiatives.

SBI Capital Markets Ltd, DAM Capital Advisors Ltd, and IIFL Securities Ltd are the appointed book running lead managers for this offering, with Link Intime India Private Ltd serving as the registrar.

Yatra Online IPO Review

According to BP Equities Pvt Ltd, a prominent brokerage house, Yatra Online offers an extensive array of travel-related products and services, catering to both domestic and international travelers. The company equips customers with a wide range of tools and resources for planning, researching, booking, and purchasing travel-related products and services, both within and outside India.

Also Read: Yatra Online IPO Details | GMP, Date, Price, Review

Factors such as the development of tourism infrastructure, rising income levels, increased discretionary spending on travel and tourism, and a surge in business and leisure travel frequency are expected to drive the Indian travel industry to an estimated ₹4,540 billion by FY28, growing at a robust CAGR of 9-11% from FY23 to FY28.

As BP Equities notes, Yatra Online, being a key player in the industry, is well-positioned to capitalize on this growth, thanks to its strong relationships with both B2B and B2C customers. This positions the company to target India’s frequent and high-spending travelers, as well as educated urban consumers.

With a history of profitability in FY23 and robust revenue growth, Yatra Online stands in a positive light for medium to long-term investors. BP Equities recommends a “SUBSCRIBE” rating for the IPO.

Yatra Online IPO GMP Today

As for the Grey Market Premium (GMP), Yatra IPO is currently trading at ₹0 in the grey market, indicating that shares are holding steady at their issue price of ₹142, with no significant premium or discount observed, according to data from topsharebrokers.com.

About Yatra Online:

Yatra Online Limited holds the position of India’s foremost corporate travel services provider, boasting a substantial portfolio of corporate clients. Furthermore, it ranks as the third-largest player in the Indian online travel industry, measured by gross booking revenue and operating revenue for Fiscal Year 2023, among the prominent OTA (Online Travel Agency) players in the country.

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