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The IPO will be open until Wednesday, September 20, 2023. It comprises a fresh issue and an offer for sale by selling shareholders. Yatra aims to raise ₹602 crore through the fresh issue and offer up to 12.2 million equity shares for sale. This includes an anchor allocation of 24.6 million equity shares.
The price band for the IPO has been set between ₹135 to ₹142 per equity share of face value of ₹1 each. The total bid size of the issue is over 309 million shares. As of Friday, bids had been received for 15.1 million shares with over 13.3 million bids received at the cut-off price.
Yatra Online claims to be India’s largest corporate travel services provider in terms of corporate clients and the third-largest OTA in terms of gross booking revenue and operating revenue for fiscal year 2023. The company reported a surge in air ticketing revenue to ₹5,640 crore in fiscal year 2023 from ₹2,764 crore in fiscal year 2022. Its hotels and packages revenue also increased to ₹815.3 crore in FY23, up from ₹347.8 crore in FY22.
SBI Capital Markets Limited, DAM Capital Advisors Limited, and IIFL Securities Limited are the book running lead managers for the IPO. The equity shares are proposed to be listed on BSE and NSE.
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