Yatra Online IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Sep 20, 2023Yatra Online Limited is one of India’s leading Corporate Travel services providers. The company offers an array of services through its website for travelling and accommodations in and outside India.
It has been a winner of various accolades by the Government and other recognized institutions.
The company is now upcoming with an IPO consisting of a Fresh issue of equity shares and an Offer for Sale by the company’s promoters. Yatra Online IPO proceeds will be used to enhance the company’s organic and inorganic growth.
In this Yatra Online IPO Review, we will learn about the company’s operations, its products and services, promoters and management, IPO dates, IPO subscription and allotment, IPO GMP, and much more.
| Face Value | Rs 1 |
| Price Band | Rs 135 to Rs 142 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 105 Shares |
| Listing Date | September 29, 2023 |
| Offer for Sale | Rs.173.00 Crore |
| Fresh Issue | Rs.602.00 Crore |
| IPO Size | Rs.775.00 Crore |
| Tick Size | 1 |
Yatra Online IPO Overview
Yatra Online IPO is composed of a Fresh Issue of equity shares aggregating up to Rs. 602.00 crore and an Offer for Sale of 93,28,358 equity shares.
One of the company’s promoters, THCL Travel Holding Cyprus Limited, and an early investor, Pandara Trust – Scheme I Represented By Its Trustee Vistra Itcl (India) Limited, will be selling their shares in the IPO.
About 75% of the offer will be reserved for the Qualified Institutional Buyers, whereas about 15% will be reserved for the Non-Institutional Buyers. A further 10% will be reserved for the Retail Individual Buyers allocation.
Yatra Online IPO Important Dates
| Events | Date |
| IPO Opening Date | September 15, 2023 |
| IPO Closing Date | September 20, 2023 |
| Basis of Allotment Finalization | September 25, 2023 |
| Refunds Initiation | September 26, 2023 |
| Credit of Shares to Demat Account | September 27, 2023 |
| Share Listing Date | September 29, 2023 |
As the COVID restrictions are being eased, Yatra Online is set to introduce its attractive initiatives to win over its customers again.
The company filed the Draft Red Herring Prospectus with SEBI in March 2022 to seek its approval. Once the DRHP is approved, the company will declare the Yatra Online IPO Date to launch its IPO and mop funds from the public.
Yatra Online IPO Price, Size, Share Offerings
| Face Value | Rs 1 |
| Price Band | Rs 135 to Rs 142 |
| Offer for Sale | Rs.173.00 Crore |
| Fresh Issue | Rs.602.00 Crore |
| IPO Size | Rs.775.00 Crore |
Yatra Online IPO Size and Yatra Online IPO Price will be determined after the Book Building Process. The company offers shares through the Fresh share issue and Offer for Sale.
The face value of the shares is Rs. 1 each. The IPO shares are proposed to be listed on BSE and NSE.
In the IPO, about 8,896,998 Equity Shares will be offered by THCL Travel Holding Cyprus Limited, and Pandara Trust will offer about 431,360 Equity Shares – Scheme I Represented By Its Trustee Vistra Itcl (India) Limited.
Yatra Online IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| Not Trading in Grey Market yet | |||
Yatra Online IPO GMP will be a significant element of the IPO. The Grey Market trades are made before listing the shares on the stock exchange. Interested Traders bid and offer shares of the issuer company.
The process helps investors and traders place their bids in the IPO. The Grey Market is unofficial and is generally not regulated by any regulatory authority.
Yatra Online IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 15th Sep | 0.00x | 0.03x | 0.60x | 0.12x |
| 2nd Day -18th Sep | 0.00x | 0.10x | 1.41x | 0.32x |
| 3rd Day – 19th Sep | 0.07x | 0.11x | 1.64x | 0.36x |
| Shares Offered or Net Issue | 16,373,239 | 8,186,619 | 5,457,746 | 54,577,464 |
In the subscription process, investors apply to the company to get the allotment of shares and become members of the issuer company.
Yatra Online IPO Subscription is not open right now. There is a pre-determined subscription period under which the investors can apply for the shares.
Yatra Online IPO Allotment Status
Yatra Online IPO Allotment Basis has not been determined up to now by the company. The company is awaiting approval from DRHP. Afterward the approval, the company will file the RHP and proceed toward launching the IPO.
Yatra Online IPO Live Performance
Yatra Online IPO Performance will be updated here. To keep track of the prevalent price of the Yatra Online IPO Price, check here.
Subscribe to Yatra Online IPO – Open Free Demat Account Now!
Yatra Online – Company Review
Yatra Online took off its journey of easing the travelling and accommodation experience for the global trotter in 2005 as a private limited company.
The company was converted into a public company in October 2021, and subsequently, its name was changed from “Yatra Online Private Limited” to “Yatra Online Limited.”
Since its inception, Yatra Online has served its customers efficiently and laid down a platform from which they can access the world at their fingertips.
Yatra Online has been ranked as the Most Trusted E-Commerce Travel Brand in India by the Economic Times Brand Equity Survey two times. The entity has also won the National Tourism Award by the Government of India for “Best Domestic Tour Operator (Rest of India)”four times.
Products or Services
The services of Yatra Online Limited include facilities of domestic and international air travel, holiday packages, domestic and international hotel bookings, trains, buses, in-city activities, inter-city, homestays, cruises, and point-to-point cabs.
The company operates with the website Yatra Online.com. The company provides information, pricing, availability, and booking facility over the platform. The customers can easily make the bookings according to their suitability and ease.
Promoters and Holding
The Promoters of Yatra Online Limited are:
- Travel Holding Cyprus Limited
- Asia Consolidated DMC Pte. Ltd.
The management of Yatra Online Limited consists of:
- Dhruv Shringi is the position of full-time director and Chief Executive Officer
- Murlidhara Kadaba in the position of Non-Executive Director
- Neelam Dhawan, in the position of Non-Executive Director
- Deepa Misra Harris in the position of Independent Director
- Rohit Bhasin, in the position of Independent Director
- Ajay Narayan Jha, in the position of Independent Director
- Anuj Kumar Sethi, in the position of Chief Financial Officer
- Manish Amin, in the position of Chief Information and Technology Officer
- Darpan Batra, in the position of Company Secretary and Compliance Officer
Is Yatra Online Good for Investment?
Yatra Online Limited is a subsidiary of Yatra Online, Inc. The company has been operating for over a decade and has successfully created a reputation over the years.
The company offers a variety of services and is one of the pioneers in bringing travel booking on an online platform. Yatra Online provides hotel booking in over 103,000 hotels in India and more than 1,500,000 hotels worldwide.
Whether booking air tickets, train tickets, or bus tickets, Yatra Online.com is there for you. Yatra Online honours with various recognition and awards by various organizations.
Yatra Online Financial Statements
| Amount (in INR & Million) | |||
| 31-Mar-23 | 31-Mar-22 | Mar-21 | |
| Assets | 6,812.50 | 5,477.81 | 5,629.08 |
| Revenue | 3,974.65 | 2,188.10 | 1,436.16 |
| Expense | 3,851.87 | 2,449.74 | 2,104.19 |
| Profit After Tax | 76.32 | (307.86) | (1,188.63) |
Yatra Online has been facing a downturn in its revenues and profits.
The company’s revenues for the years 2023, 2022, and 2021 were – 3,974.65 million, 2,188.10 million, and 1,436.16 million, which represents a negative slope.
The company has been incurring losses in the last financial years. The profit & losses of the company for the years 2023, 2022, and 2021 were – 76.32 million, (307.86) million, and (1,188.63) million.
COVID-19 has hit the travelling industry, and Yatra Online was no different.
The Earnings per Share (EPS) of Yatra Online Limited has been negative for the past four years, including the EPS for six months of 2023 ended on 31st March. EPS for the financial year 2022-23 was Rs. 0.69.
| Earnings per Equity Share (in Million) | |||
| 31-Mar-23 | 31-Mar-22 | Mar-21 | |
| Basic & Diluted | 0.69 | (2.76) | (11.08) |
Yatra Online IPO Review
Yatra Online IPO has an element of a Fresh Issue of Rs. 602.00 crore along with an Offer for Sale for 93,28,358 equity shares by a promoter and existing shareholder of the company.
The selling promoter and shareholders entitles to the proceeds from the Offer for Sale, and the company will receive the proceeds of the fresh issue only.
The company aims to utilize the proceeds to implement strategies of investments, acquisitions, and initiatives for inorganic growth. Further, Yatra Online plans to invest in customer acquisition and retention, upgrading technology, and other organic growth ideas to enhance its operations.
Yatra Online IPO Details
Here are a few more details you need to know before investing in Yatra Online IPO –
Yatra Online IPO Issue Object
The IPO objectives include repayment of outstanding debts and funding the company’s capital expenditure and its subsidiaries. Alongside, the company will be gearing up some inorganic growth initiatives.
Yatra Online has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Strategic investments, acquisitions and inorganic growth;
- Investment in customer acquisition and retention, technology, and other organic growth initiatives; and
- General corporate purposes
Yatra Online IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Trusted brand with a proven track record and targeted marketing strategy;
- Our Synergistic Multi-Channel Platform for Business and Leisure Travelers;
- Comprehensive Selection of Service and Product Offerings;
- Large and Loyal Customer Base;
- Integrated Technology Platform;
- Experienced management team with an established track record;
- Largest inventory of Domestic Hotels; and
- Corporate relationships.
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 0.69 | 4.50 | 15.04 |
| 31-Mar-22 | (2.76) | (30.50) | – |
| Mar-21 | (11.08) | (96.26) | – |
Yatra Online IPO Lead Managers
Here is the list of Lead managers –
- SBI Capital Markets Limited
- DAM Capital Advisors Limited
- IIFL Securities Limited
Yatra Online IPO Registrar to offer
Check out the details of the registrar here –
Link Intime India Private Limited
C-101, 1st Floor 247 Park, Lal Bahadur Shastri Marg
Vikhroli (West) Mumbai 400083
Maharashtra, India
Tel: +91 22 4918 6200
E-mail: Yatra Online.ipo@linkintime.co.in
Investor grievance e-mail: Yatra Online.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Yatra Online IPO – Other Details
- Statutory Auditor – S.R. Batliboi & Associates LLP
- Legal Counsel to the Company – J. Sagar Associates
- Bankers to the Company – ICICI Bank Limited
Yatra Online IPO – Conclusion
Thus Yatra Online Limited is a familiar entity that has been serving its customers for more than a decade. COVID wave hit the company which shut down major travelling, and is now trying to get back with the IPO.
The IPO objectives laid down in the DRHP reflect the strategies and plans the company is building to gain its customers’ attention.
Financially, the company is going through an unfavourable phase, and we can hope that it will deliver positive results as the country opens doors to travel.
Investors should cautiously consider all the factors related to the company and its standing and thereafter bid their money on the company.
To Subscribe to Yatra Online IPO – Open Demat Account Now!
Yatra Online IPO Review FAQs
Check out the FAQs on Yatra Online IPO –
What is the Issue Size of Yatra Online IPO?
The Company is making an initial public offer of 54,577,465 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Yatra Online IPO?
The price band for this particular IPO ranges between Rs 135 to Rs 142. As far as the face value of the share is concerned, it is Rs.1 per share.
What is the Yatra Online IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on September 15, 2023, while the closing date is set at September 20, 2023.
What is the Yatra Online IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on September 25, 2023, refund initiation is on September 26, 2023, credit of shares is on September 27, 2023, and share listing date is on September 29, 2023.
What is the Yatra IPO Listing Date?
Shares of this company shall be listed in the exchanges on September 29, 2023. The date, when the listing would be done, is stagnant on September 29, 2023.
Who is the Registrar of Yatra Online IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Yatra IPO?
Here are the promoters of this IPO – THCL TRAVEL HOLDING CYPRUS LIMITED AND ASIA CONSOLIDATED DMC PTE. LTD.. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Yatra Online IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of the Kostak rate and subject to sauda or SS are as well included in this report.
Is Yatra IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Yatra Online Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 76.32, 2022 is (307.86), 2021 is (1,188.63).
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