Yatra Online IPO will open for subscription from 15 September 2023. The company aims for an issue size of ₹775 crore through this IPO.
Company Overview
| Full name | Yatra Online Limited |
| Sector | Hospitality |
| Industry | Travel Services |
| Company Website | https://www.yatra.com/ |
About Company
The company is India’s largest corporate travel services provider in terms of the number of corporate clients and the third-largest online travel company in India among key OTA players in terms of gross booking revenue and operating revenue. It has the largest number of hotel and accommodation tie-ups amongst key domestic OTA players with over 2,105,600 tie-ups, as of March 31, 2023. It focuses both on the corporate and consumer markets. Yatra is the leading corporate travel service provider in India with 813 large corporate customers and over 49,800 registered SME customers and the third largest consumer online travel company (OTC) in the country in terms of gross booking revenue for Fiscal 2023.
Yatra Online covers the entire value chain of travel and hospitality spanning B2C (business to consumer) and B2B (business to business which includes business to enterprise and business to agents). The combination of its B2C and B2B channels enables it to target India’s most frequent and high-spending travelers, namely, educated urban consumers, in a cost-effective manner. In addition, its travel agent network provides additional scale to the business by leveraging its integrated technology platform in order to aggregate consumer demand from over 29,800 travel agents in above 1,000 cities across India as of March 31, 2023.
The Objective of the Issue
- Strategic investments, acquisitions, and inorganic growth,
- Investment in customer acquisition and retention, technology, and other organic growth initiatives,
- General corporate purposes.
IPO Timetable
| IPO Opening date | 15 September 2023 |
| IPO Closing | 20 September 2023 |
| Basis of Allotment | 25 September 2023 |
| Initiation Refund | 26 September 2023 |
| Credit to Demat Account | 27 September 2023 |
| Listing Date | 29 September 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹766.47 – ₹775 crore |
| Fresh Issue | 602 crore |
| Offer for sale | ₹164.47 – ₹173 crore – 12,183,099 shares |
| Face value | ₹1 per share |
| Price Band | ₹135 to ₹142 per share |
| Lot size | 105 Shares |
| Retail Allocation | 10% |
| Listing Exchange | BSE & NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 105 | ₹14,910 |
| Retail (Max) | 13 | 1365 | ₹193,830 |
| S-HNI (Min) | 14 | 1,470 | ₹208,740 |
| S-HNI (Max) | 67 | 7,035 | ₹998,970 |
| B-HNI (Min) | 68 | 7,140 | ₹1,013,880 |
Reservation Details
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 125.45 | 198.07 | 380.16 |
| Expenses | 210.42 | 244.97 | 385.19 |
| Net income | (118.66) | (30.82) | 6.59 |
| Margin (%) | (94.59) | (15.56) | 1.73 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (11.08) | (2.76) | 0.69 |
| PE ratio | – | – | 195.65 – 205.80 |
| RONW (%) | (96.26) | (30.50) | 4.50 |
| NAV | – | – | 15.04 |
| ROCE (%) | – | – | – |
| EBITDA (%) | (4.04) | 16.23 | 17.62 |
| Debt/Equity | – | – | 0.90 |
Company Promoters
- THCL Travel Holding Cyprus Limited
- Asia Consolidated DMC Pte. Ltd.
Promoter Holding
| Pre Issue Share Holding | 98.59% |
| Post Issue Share Holding |
Lead Manager(s)
- SBI Capital Markets Limited
- Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
- Iifl Securities Ltd
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, 1st Floor, L.B.S. Marg,
Vikhroli West, Mumbai, 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: yatra.ipo@linkintime.co.in
Website: www.linkintime.com
Contact Details
YATRA ONLINE LIMITED
Gulf Adiba, Plot No. 272,
4th Floor, Udyog Vihar, Phase – II,
Sector – 20, Gurugram – 122008, Haryana
Phone: +91 – 124 459170
Email: investors@yatra.com
Website: www.yatra.com
Allotment Status
Yatra Online IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.
Final thoughts
Yatra Online IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
