Yatra Online IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Yatra Online IPO will open on September 15 and close on September 20, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 775 crore through this public offering, consisting of 54,577,465 shares with a face value of ₹ 1 each, which will be issued at a price of ₹ 135 to ₹ 142 per share.
Yatra Online Limited (“the Company”)
Yatra Online Ltd. was incorporated in 2005. It is India’s largest corporate travel services provider and the second-largest online travel company in India among key OTA players in terms of gross booking revenue and operating revenue for fiscal 2020. The company had the largest number of hotel and accommodation tie-ups amongst key OTA players, with over 2,094,000 tie-ups as of October 29, 2021.
This is the leading corporate travel service provider in India, with approximately 700 large corporate customers and over 46,000 registered SME customers, and the second largest consumer online travel company (OTC) in the country in terms of gross booking revenue for Fiscal 2020. It also had over 28,000 travel agents in more than 840 cities across India as of September 30, 2021.
Company Key Metrics
| Earning Per Share (EPS) | ₹ 0.69 per Equity Share |
| Debt to Equity Ratio | 0.9 |
| ROE | 18.10% |
| ROCE | 26% |
| Return on Net Worth (RoNW) | 4.50% |
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding 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.
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Net Worth | 169.52 | 100.93 | 123.49 |
| Total Assets | 681.25 | 547.78 | 562.91 |
| Total Borrowings | 153.07 | 35.86 | 13.11 |
| Total Revenue | 397.47 | 218.81 | 143.62 |
| Profit After Tax | 7.63 | -30.79 | -118.86 |
IPO details
| Issue Type | Book Built Issue IPO |
| IPO Price | ₹ 135 to ₹ 142 per share |
| Face Value | ₹ 1 per share |
| Market Lot | 105 Shares |
| Issue Size | 54,577,465 shares (aggregating up to ₹ 775 crores) |
| Fresh Issue | 42,394,366 shares (aggregating up to ₹ 602 crores) |
| Offer for Sale | 12,183,099 shares (aggregating up to ₹ 173 crores) |
| Listing At | NSE and BSE |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| QIB shares offered | Not more than 75% of the net offer |
| NII (HNI) shares offered | Not less than 15% of the offer |
| Retail shares offered | Not less than 10% of the offer |
Anchor Investors
A total of 245,59,860 shares are offered to Anchor investors. The Anchor Investor lock-in period for 50% of equity shares is November 8, 2023, and February 5, 2024, for the remaining portion.
| Anchor Investor Bid Date | September 14, 2023 |
| Anchor Portion Size | ₹ 348.75 crores (Shares offered * Upper Price) |
| Anchor lock-in period end date (50% Shares) | November 8, 2023 (30 Days) |
| Anchor lock-in period end date (remaining shares) | February 5, 2024 (90 Days) |
GMP: Yatra Online IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Yatra Online IPO
The issue opens for subscription on September 15, 2023, and closes for subscription on September 20, 2023 (both days inclusive). The basis of allotment will be finalised on September 25, 2023, and the refunds will be initiated on September 26, 2023. In addition, the demat credits are expected to happen on September 27, 2023, and the stock will be listed on the NSE and BSE on September 29, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | September 15, 2023 |
| Closing Date | September 20, 2023 |
| Basis of Allotment | September 25, 2023 |
| Initiation of Refunds | September 26, 2023 |
| A credit of shares to Demat A/c | September 27, 2023 |
| Listing Date | September 29, 2023 |
Lot Size
The lot size of the Yatra Online IPO is 105 shares. A retail-individual investor can apply for up to 13 lots, i.e. 1,365 shares of ₹ 193,830.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 105 | ₹ 14,910 |
| Retail (Maximum) | 13 | 1,365 | ₹ 193,830 |
| S-HNI (Minimum) | 14 | 1,470 | ₹ 208,740 |
| S-HNI (Maximum) | 67 | 7,035 | ₹ 998,970 |
| B-HNI (Minimum) | 68 | 7,140 | ₹ 1,013,880 |
Promoters Holdings
THCL Travel Holding Cyprus Limited and Asia Consolidated DMC Pte. Ltd. are the promoters of the company.
| Pre-issue Shares Holdings | 98.59% |
| Post-issue Shares Holdings | – |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | 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/ |
| 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 |
| IPO Lead Manager(s) | • SBI Capital Markets Limited • Dam Capital Advisors Ltd (Formerly • IDFC Securities Ltd) IIFL Securities Ltd |
