Yatra Online IPO is a book built issue of Rs 775.00 crores. The issue is a combination of fresh issue of 4.24 crore shares aggregating to Rs 602.00 crores and offer for sale of 1.22 crore shares aggregating to Rs 173.00 crores.
Yatra Online IPO bidding opened for subscription on September 15, 2023 and will close on September 20, 2023. The allotment for the Yatra Online IPO is expected to be finalized on Monday, September 25, 2023. Yatra Online IPO will list on BSE, NSE with tentative listing date fixed as Friday, September 29, 2023.
Yatra Online IPO price band is set at ₹135 to ₹142 per share. The minimum lot size for an application is 105 Shares. The minimum amount of investment required by retail investors is ₹14,910. The minimum lot size investment for sNII is 14 lots (1,470 shares), amounting to ₹208,740, and for bNII, it is 68 lots (7,140 shares), amounting to ₹1,013,880.
SBI Capital Markets Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) and Iifl Securities Ltd are the book running lead managers of the Yatra Online IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Yatra Online IPO RHP for detailed information.
Yatra Online IPO Details
| IPO Date | September 15, 2023 to September 20, 2023 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | ₹135 to ₹142 per share |
| Lot Size | 105 Shares |
| Total Issue Size | 54,577,465 shares (aggregating up to ₹775.00 Cr) |
| Fresh Issue | 42,394,366 shares (aggregating up to ₹602.00 Cr) |
| Offer for Sale | 12,183,099 shares of ₹1 (aggregating up to ₹173.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 111,894,130 |
| Share holding post issue | 154,288,496 |
Yatra Online IPO Reservation
Yatra Online IPO a total of 54,577,464 shares are offered. QIB: 16,373,239 (30.00%), RII: 5,457,746 (10.00%), NII: 8,186,619 (15.00%).
| Anchor Investor Shares Offered | 24,559,860 (45.00%) |
| QIB Shares Offered | 16,373,239 (30.00%) |
| NII (HNI) Shares Offered | 8,186,619 (15.00%) |
| Retail Shares Offered | 5,457,746 (10.00%) |
| Total Shares Offered | 54,577,464 (100%) |
Yatra Online IPO Anchor Investors Details
Yatra Online IPO raises Rs 348.75 crore from anchor investors. Yatra Online IPO Anchor bid date is September 14, 2023. Yatra Online IPO Anchor Investors list
| Bid Date | September 14, 2023 |
| Shares Offered | 24,559,860 |
| Anchor Portion Size (In Cr.) | 348.75 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 8, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 5, 2024 |
Yatra Online IPO Timeline (Tentative Schedule)
Yatra Online IPO opens on September 15, 2023, and closes on September 20, 2023.
| IPO Open Date | Friday, September 15, 2023 |
| IPO Close Date | Wednesday, September 20, 2023 |
| Basis of Allotment | Monday, September 25, 2023 |
| Initiation of Refunds | Tuesday, September 26, 2023 |
| Credit of Shares to Demat | Wednesday, September 27, 2023 |
| Listing Date | Friday, September 29, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 20, 2023 |
Yatra Online IPO Lot Size
Investors can bid for a minimum of 105 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 |
Yatra Online IPO Promoter Holding
THCL Travel Holding Cyprus Limited and Asia Consolidated DMC Pte. Ltd. are the promoters of the company.
| Share Holding Pre Issue | 98.59% |
| Share Holding Post Issue |
About Yatra Online IPO
Incorporated in 2005, Yatra Online Limited provides information, pricing, availability, and booking facilities for domestic and international customers.
The company provides domestic and international air ticketing on Indian and international airlines, as well as bus ticketing, rail ticketing, cab bookings, and ancillary services within India, hotels, homestays, and other accommodations bookings, with about 105,600 hotels in 1,490 cities and towns in India, as on Fiscal 2023 and more than two million hotels globally through its website yatra.com, mobile applications, corporate SaaS platform, and other associated platforms.
Yatra Online has over 94,000 hotels and homestays contracted in approximately 1,400 cities across India as well as more than 2 million hotels around the world. The company is India’s largest platform for domestic hotels. Yatra Online recently launched a freight forwarding business called Yatra Freight to further expand its corporate service offerings.
The company’s clientele includes both B2B and B2C customers, this enables the company to target India’s most frequent and high-spending travelers, namely, educated urban consumers. As of fiscal 2023, the company has over 813 corporate customers and over 49,800 registered SME customers and is the third largest consumer online travel company (OTC) in the country in terms of gross booking revenue as well as has the largest number of hotel and accommodation tie-ups amongst key domestic OTA players of over 2,105,600 tie-ups.
Company Financials
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 562.91 | 547.78 | 681.25 |
| Revenue | 143.62 | 218.81 | 397.47 |
| Profit After Tax | -118.86 | -30.79 | 7.63 |
| Net Worth | 123.49 | 100.93 | 169.52 |
| Reserves and Surplus | |||
| Total Borrowing | 13.11 | 35.86 | 153.07 |
Amount in ₹ Crore
Key Performance Indicator
Yatra Online IPO Market Cap is Rs 2228.21 Cr and P/E (x) is 205.8.
| KPI | Values |
|---|---|
| P/E (x) | 205.8 |
| Post P/E (x) | 289.8 |
| Market Cap (₹ Cr.) | 2228.21 |
| ROE | 18.1% |
| ROCE | 26.0% |
| Debt/Equity | 0.9 |
| EPS (Rs) | 0.69 |
| RoNW | 4.50% |
Check Yatra Online IPO Peer Comparison here.
Objects of the Issue (Yatra Online IPO Objectives)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- 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 Review (Avoid)
[Dilip Davda] Though YOL is one of the largest corporate travel service providers, it posted dismal financial performance till FY22. Based on its improved FY23 earnings, the issue appears exorbitantly priced. It has posted the highest attrition rates for the reported periods, which raises concern. There is no harm in skipping this pricey bet.
Yatra Online IPO Subscription Status (Bidding Detail)
The Yatra Online IPO is subscribed 0.32 times on Sep 18, 2023 7:02:00 PM. The public issue subscribed 1.41 times in the retail category, 0.07 times in the QIB category, and 0.10 times in the NII category.
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.07 | 1,63,73,239 | 10,66,800 |
| NII | 0.10 | 81,86,619 | 7,77,840 |
| bNII (bids above ₹10L) | 0.07 | 54,57,746 | 3,93,750 |
| sNII (bids below ₹10L) | 0.14 | 27,28,873 | 3,84,090 |
| Retail | 1.41 | 54,57,746 | 76,86,105 |
| Total | 0.32 | 3,00,17,604 | 95,30,745 |
Total Application : 57,075 (1.10 times)
Yatra Online IPO Contact Details
Yatra Online Limited
B2/101, Marathon Innova, Marathon Nextgen
Complex B Wing, G. Kadam Marg, Opp. Peninsula
Corp Park, Lower Parel (W), Mumbai – 400013
Phone: +91 22 44357700
Email: investors@yatra.com
Website: https://www.yatra.com/
Yatra Online IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: yatra.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html