Yatra Online IPO opens tomorrow: GMP, price band, dates, and more

Yatra Online IPO opens tomorrow: GMP, price band, dates, and more

The highly anticipated Yatra Online IPO is set to open for subscription on Friday, September 15, offering investors a chance to be part of a travel and hospitality revolution. Yatra Online, known for its comprehensive platform providing access to hotels, homestays, vacation packages, and more, is gearing up for this major financial milestone.

Leading the Way in Accommodation Tie-ups:

As of March 31, 2023, Yatra Online stands out among major domestic OTA companies with a staggering 105,600 hotel and accommodation tie-ups, as reported by CRISIL. This significant figure underlines the company’s strong presence in the travel and hospitality sector.

Industry Peer Comparison:

Comparatively, Yatra Online’s listed industry peer, Easy Trip Planners Limited, boasts a P/E ratio of 56.53. This highlights the potential for growth and value that Yatra Online brings to the table.

Pre-IPO Placement and Equity Share Issuance:

In preparation for the IPO, Yatra Online conducted a pre-IPO placement of ₹62.01 crore through a rights issue. On December 10, 2022, the company issued 2,627,697 equity shares with a face value of ₹1 each to its promoter, THCL Travel Holding Cyprus Limited, at an issue price of ₹236 per share.

Key Details About Yatra Online IPO:

Here are the essential facts you need to know about the Yatra Online IPO:

Yatra Online IPO Date:

The Yatra Online IPO opens for subscription on Friday, September 15, and closes on Wednesday, September 20.

Yatra Online IPO Price Band:

The price band for the IPO is set between ₹135 to ₹142 per equity share with a face value of ₹1 each.

Yatra Online IPO Lot Size:

Investors can subscribe to the IPO in lots of 105 equity shares and in multiples of 105 equity shares thereafter.

Yatra Online IPO Investors:

Allocation to anchor investors is scheduled for Thursday, September 14.

Yatra Online IPO Structure:

The IPO consists 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.

Yatra Online IPO Objectives:

Yatra Online intends to utilize the net proceeds from the offering for strategic investments, acquisitions, and inorganic expansion. It will also support general corporate purposes, customer acquisition, retention, technology advancements, and other organic growth activities.

Yatra Online IPO Allotment and Listing Dates:

The basis of allotment of shares is tentatively set for Monday, September 25, with refunds commencing on Tuesday, September 26. Shares are expected to be credited to the demat accounts of allottees on Wednesday, September 27. Yatra Online IPO is anticipated to be listed on BSE and NSE on Friday, September 29.

Yatra Online IPO Investor Reservation:

The IPO reserves at least 75% of shares for Qualified Institutional Buyers (QIB), up to 15% for Non-Institutional Investors (NII), and a maximum of 10% for Retail Investors.

Yatra Online IPO Lead Managers and Registrar:

SBI Capital Markets Ltd, DAM Capital Advisors Ltd, and IIFL Securities Ltd are the book running lead managers for the IPO. Link Intime India Private Ltd is the registrar handling the IPO.

Yatra Online IPO Gray Market Premium:

As of the latest update, the Yatra IPO’s grey market premium (GMP) stands at ₹0, indicating that shares are trading at their issue price of ₹142 with no premium or discount in the grey market, according to 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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