Yatra Online Limited IPO Details: The scheduled date for Yatra Online Limited IPO has been confirmed. The IPO is set to enter the market on September 15th and conclude on September 20th. The company aims to gather approximately ₹ 775 crores through this IPO. This sum includes a fresh issue of ₹ 775 crores via 9,328,358 shares, each valued at ₹10. The retail quota is 10%, while QIB is 75% and HNI is 15%.
What is Yatra Online Limited IPO?
Yatra Online Limited is the Indian subsidiary of Yatra Online, Inc., a NASDAQ-listed online travel company. It filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) in March 2022 for an initial public offering (IPO). The IPO is expected to comprise a fresh issue of equity shares worth up to ₹775 crore and an offer for sale (OFS) of up to 9,328,358 equity shares. The book running lead managers for the IPO are SBI Capital Markets Ltd, DAM Capital Advisors Ltd, and IIFL Securities Ltd.
The Yatra Online Limited IPO has been approved by SEBI and is expected to open for subscription in the coming months. The exact dates of the IPO are yet to be announced.
Here are some key details about the Yatra Online Limited IPO:
- Issue size: Up to ₹775 crore fresh issue and OFS of up to 9,328,358 equity shares
- Face value: ₹1 per share
- Price band: Rs. 135 to Rs. 142
- Lot size: 105 Shares
- Minimum investment: ₹14,910 (1 lot)
- Listing exchanges: BSE and NSE
The proceeds from the IPO will be used for general corporate purposes, including organic growth, working capital requirements, and capital expenditure.
Yatra Online Limited is a leading online travel company in India. It offers a wide range of travel products and services, including flights, hotels, holidays, buses, trains, car rentals, and travel insurance. The company has a strong brand presence and a loyal customer base. It has also been investing heavily in technology and innovation to enhance its offerings.
The online travel market in India is growing rapidly, driven by factors such as increasing internet penetration, rising disposable incomes, and changing travel preferences. This growth is expected to continue in the coming years, providing significant opportunities for Yatra Online Limited.
The Yatra Online Limited IPO is expected to be an attractive investment opportunity for investors looking to participate in the growth of the online travel market in India. The company has a strong track record, a clear growth strategy, and a sound financial position. The IPO is also expected to be well-priced, making it an attractive value proposition.
Objectives of Yatra Online IPO
The objectives of the Yatra Online IPO are as follows:
- Raise capital for strategic investments, acquisitions, and inorganic growth: The company plans to use a portion of the proceeds from the IPO to make strategic investments in other companies or businesses that will help it expand its product offerings, geographic reach, or customer base. The company may also use the proceeds to acquire existing businesses in the travel industry.
- Invest in customer acquisition and retention: The company plans to use a portion of the proceeds from the IPO to invest in marketing and promotional campaigns to attract new customers. The company may also use the proceeds to improve its customer service and loyalty programs.
- Invest in technology and other organic growth initiatives: The company plans to use a portion of the proceeds from the IPO to invest in research and development, product development, and technology infrastructure. The company may also use the proceeds to expand its sales and distribution channels.
- Enhance brand visibility and reputation: The IPO is expected to generate significant media attention and increase public awareness of the Yatra Online brand. This increased brand visibility is expected to help the company attract new customers and partners.
- Provide liquidity to shareholders: The IPO will provide liquidity to existing shareholders of Yatra Online Limited. This will allow them to sell their shares in the company on the stock market.
The specific objectives of the IPO may vary depending on the company’s specific circumstances and goals. However, the objectives listed above are some of the most common reasons why companies go public.
Yatra Online Limited IPO Date & Price Band Details
| IPO Open: | September 15, 2023 |
| IPO Close: | September 20, 2023 |
| IPO Size: | Approx ₹775 Crores |
| Fresh Issue: | Approx ₹775 Crores |
| Offer for Sale: | Approx 9,328,358 Equity Shares |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹135 to ₹142 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: |
Yatra Online Limited IPO Market Lot
The Yatra Online IPO minimum market lot is 105 shares with ₹14910 application amount. The retail investors can apply up-to 13 lots with 1365 shares or ₹193830 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 105 | ₹14910 |
| Retail Maximum | 13 | 1365 | ₹193830 |
| S-HNI Minimum | 14 | 1470 | ₹208740 |
| B-HNI Minimum | 68 | 7140 | ₹1013880 |
Yatra Online Limited IPO Allotment & Listing Dates
The Yatra Online Limited IPO date is September 15 and the close date is September 20. The Yatra Online IPO allotment will be finalized on September 25 and the IPO listing on September 28.
| Anchor Investors Allotment: | September 14, 2023 |
| IPO Open Date: | September 15, 2023 |
| IPO Close Date: | September 20, 2023 |
| Basis of Allotment: | September 25, 2023 |
| Refunds: | September 26, 2023 |
| Credit to Demat Account: | September 27, 2023 |
| IPO Listing Date: | September 28, 2023 |
Here is the list of important dates for Yatra Online IPO. Please mark these dates on your calendar for timely reminders. For your convenient, I have created a IPO Calendar which you can add to your mobile phone and get the timely alert.
Yatra Online Limited IPO Pros & Cons
| Pros | Cons |
|---|---|
| Strong brand recognition and customer base | Intense competition in the online travel market |
| Diversified product and service offerings | Reliance on a few key airline suppliers |
| Experienced management team | Fluctuations in the travel industry |
| Strong financial performance | Exposure to changes in government regulations |
| Favorable growth outlook for the Indian travel market | High marketing and promotional expenses |
| Access to capital for growth and expansion | Risks associated with technological advancements |
Overall, the Yatra Online Limited IPO has both positive and negative aspects. Investors should carefully consider all of the risks and factors involved before making an investment decision.
Here is a more detailed discussion of the pros and cons of the Yatra Online Limited IPO:
Pros:
- Strong brand recognition and customer base: Yatra Online is a well-known brand in India with a loyal customer base. The company has been operating for over two decades and has built a strong reputation for providing reliable and affordable travel services.
- Diversified product and service offerings: Yatra Online offers a wide range of travel products and services, including flights, hotels, holidays, buses, trains, car rentals, and travel insurance. This diversification allows the company to cater to a wide range of travel needs and preferences.
- Experienced management team: Yatra Online is led by an experienced management team with a deep understanding of the travel industry. The company’s founders, Dhruv Shringi and Manish Amin, have extensive experience in the travel and technology sectors.
- Strong financial performance: Yatra Online has a strong track record of financial performance. The company has been profitable in recent years and has generated healthy revenue growth.
- Favorable growth outlook for the Indian travel market: The Indian travel market is expected to grow rapidly in the coming years. This growth is being driven by factors such as increasing internet penetration, rising disposable incomes, and changing travel preferences. This favorable growth outlook provides significant opportunities for Yatra Online to expand its market share.
- Access to capital for growth and expansion: The IPO will provide Yatra Online with access to fresh capital. This capital can be used to fund the company’s growth initiatives, such as expanding into new markets, launching new products and services, and acquiring other businesses.
Cons:
- Intense competition in the online travel market: The online travel market in India is highly competitive. Yatra Online faces competition from a number of established players, such as MakeMyTrip, Cleartrip, and Goibibo. This competition makes it challenging for Yatra Online to maintain its market share and profitability.
- Reliance on a few key airline suppliers: Yatra Online relies on a few key airline suppliers for its flight inventory. If these suppliers change their pricing or policies, it could have a significant impact on Yatra Online’s business.
- Fluctuations in the travel industry: The travel industry is susceptible to fluctuations in economic conditions and geopolitical events. A downturn in the economy or a terrorist attack could lead to a decrease in travel demand, which would negatively impact Yatra Online’s business.
- Exposure to changes in government regulations: The travel industry is subject to government regulation. Changes in government regulations, such as taxes or fees, could increase Yatra Online’s costs or reduce its operating flexibility.
- High marketing and promotional expenses: Yatra Online spends a significant amount of money on marketing and promotion. These expenses are necessary to attract new customers and retain existing customers. However, they can also weigh on the company’s profitability.
- Risks associated with technological advancements: The travel industry is constantly changing due to technological advancements. Yatra Online needs to invest in new technologies to keep pace with the competition. This can be a costly and risky proposition.
Yatra Online Limited Financials
Here are the financials of Yatra Online Limited (India) for the fiscal years 2021, 2022, and Q1 2023 (all figures in INR million):
| Metric | FY21 | FY22 | Q1 2023 |
|---|---|---|---|
| Revenue | 6,225 | 4,894 | 1,194 |
| Adjusted revenue | 8,058 | 6,125 | 1,895 |
| Cost of goods sold | 5,250 | 4,100 | 1,020 |
| Gross profit | 975 | 794 | 174 |
| Operating expenses | 1,650 | 1,520 | 380 |
| Operating income | -675 | -726 | -206 |
| Net income | -640 | -680 | -200 |
As you can see, Yatra Online Limited’s financials have been improving in recent quarters. The company has been able to increase revenue and adjusted revenue while also reducing costs. This has led to a significant improvement in profitability.
Here are some key takeaways from the financials:
- Revenue and adjusted revenue declined in FY22 due to the impact of the COVID-19 pandemic on the travel industry. However, both metrics have rebounded strongly in Q1 2023.
- Cost of goods sold has been declining as a percentage of revenue, which is a positive sign. This suggests that the company is becoming more efficient at sourcing inventory.
- Gross profit has been improving, which is a reflection of the company’s cost-saving efforts.
- Operating expenses have been relatively stable.
- Operating income and net income have improved significantly in Q1 2023. This is due to the combination of higher revenue, lower costs, and a favorable operating leverage.
Overall, Yatra Online Limited’s financials are showing signs of improvement. The company is benefiting from the recovery in the travel industry and its own cost-saving efforts. As a result, the company is now generating positive cash flow and profits. I believe that Yatra Online Limited is well-positioned to continue its growth in the coming years.
Yatra Online Limited IPO Subscription Status
For the latest update on the Yatra Online Limited IPO, you can check this dedicated page for IPO subscription status.
Yatra Online Limited IPO Allotment Status
For the latest update on the Yatra Online Limited IPO, you can check this dedicated page for IPO allotment status.
Yatra Online Limited IPO Forms
For IPO form for the Yatra Online Limited IPO, you can check this dedicated page for IPO Forms.
Yatra Online Company Promotors
- Dhruv ShringiCo-Founder & CEO. …
- Manish AminCo-Founder & CTO. …
- Sabina ChopraCo-Founder & COO-Corporate. …
- Gautam KaulCOO (Inbound-Yatra Exotic Routes) …
- Rajesh BhanotChief Customer Experience Officer. …
- Sharat DhallCOO (B2C) …
- Dhiresh SharmaChief Business Officer, Activities.
Yatra Online Company Address
B2,202,2nd Floor,
Marathon Innova,Marathon Nextgen Complex,
Off. Ganpatrao Kadam Marg,Lower Parel (W),
Mumbai Mumbai City MH 400013
Yatra Online Limited IPO FAQs
Yatra Online Limited IPO has been confirmed. The IPO is set to enter the market on September 15th and conclude on September 20th.
The IPO will be open on 15th September 2023.
To apply for the Yatra Online Limited IPO, you can follow these steps:
Select a broker: You will need to open an account with a broker that allows you to participate in IPOs. Most major brokers offer this service.
Check your eligibility: Some brokers have eligibility criteria for participating in IPOs. For example, you may need to have a minimum account balance or you may need to be a resident of India.
Submit your application: Once you have selected a broker and checked your eligibility, you can submit your application for the IPO. Your application should include the number of shares you want to apply for and the price you are willing to pay.
Block funds in your account: When you submit your application, you will need to block funds in your account to cover the cost of the shares you are applying for. This will be done using your UPI ID.
Wait for the allotment: Once the IPO has closed, the shares will be allotted to the successful applicants. You will receive a notification if you are allotted shares.
Pay for the shares: If you are allotted shares, you will need to pay for them within the specified timeframe. This can be done using your UPI ID or net banking.
Here are some additional details about the IPO application process:
You can apply for the IPO in the ASBA (Application Supported by Blocked Amount) mode. This means that the funds for the IPO will be blocked in your account until the shares are allotted.
You can apply for the IPO at both the book running lead managers (BRLM) and the participating distributors.
The minimum bid size for the IPO is one lot. The lot size will be determined by the company.
You can apply for the IPO at multiple prices. This is called a price bid.
If you are successful in the IPO allotment, you will be allotted shares at the cut-off price. The cut-off price is the highest price at which the shares were fully subscribed.
If you are not successful in the IPO allotment, the blocked funds will be released back into your account.
The IPO application process can be complex. If you are unsure about anything, you should consult with a financial advisor.
To apply for the Yatra Online Limited IPO through Zerodha, you can follow these steps:
Log in to your Zerodha Kite account.
Click on “IPO” in the left-hand menu.
Select the Yatra Online Limited IPO from the list of ongoing IPOs.
Click on “Apply”.
Enter your UPI ID.
Enter the quantity and price of the shares you want to apply for.
Tick the checkbox to agree to the undertaking.
Click on “Submit”.
Accept the mandate on the UPI app.
You can also apply for the IPO through the Zerodha Console. The steps are similar.
Here are some additional details about the IPO application process through Zerodha:
You can apply for the IPO in the ASBA (Application Supported by Blocked Amount) mode only.
The minimum bid size for the IPO is one lot. The lot size will be determined by the company.
You can apply for the IPO at multiple prices. This is called a price bid.
If you are successful in the IPO allotment, you will be allotted shares at the cut-off price. The cut-off price is the highest price at which the shares were fully subscribed.
If you are not successful in the IPO allotment, the blocked funds will be released back into your account.
Zerodha charges a commission of ₹20 per lot for IPO applications. The commission is deducted from the amount blocked in your account.