Yatra Online’s IPO aims to raise INR 775 crores. The IPO has two segments- fresh issue worth INR 602 crores and offer for sale worth INR 173 crores. The IPO’s main objective is to support the company’s strategic investments, acquisitions and invest in technology, customer acquisition and retention initiatives.
Yatra Online IPO – Important Details
| Yatra Online IPO Date | 15th September 2023 to 20th September 2023 |
| Yatra Online IPO Listing Date | 29th September 2023 |
| Yatra Online IPO Price | INR 135-142 per share |
| Yatra Online IPO Lot Size | 105 shares |
| Yatra Online IPO Total Issue Size | INR 775 crores |
| Yatra Online IPO Basis of Allotment | 25th September 2023 |
| Yatra Online IPO Initiation of Refunds | 26th September 2023 |
| Yatra Online IPO Credit of Shares to Demat | 27th September 2023 |
| Yatra Online IPO Issue Type | Book Built Issue IPO |
| Yatra Online IPO Listing At | BSE, NSE |
Yatra Online IPO – Company Profile
Yatra Online is India’s largest corporate travel services provider in terms of 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 of over 2,105,600 tie-ups.
Yatra also provides access through its platform to hotels, homestays and other accommodations, with about 105,600 hotels in 1,490 cities and towns in India.
Yatra Online, Inc., a Cayman Islands limited company with shares listed in the United States of America on NASDAQ Capital Market under the symbol “YTRA”, is the holding company of the Promoters- THCL and Asia Consolidated DMC Pte. Ltd.
Yatra Online IPO Objective
The key objective behind Yatra Online’s IPO is to support the company’s robust growth plans. With the capital raised, the company aims to:
- Strategic investments, acquisitions and inorganic growth: Yatra has a long history of acquisitions and has significantly scaled the business through such inorganic growth. Pursuant to the overall strategy to continue scaling the business, the company intends to keep pursuing strategic investments and acquisitions which are complementary to its business and which will enhance the product and service capabilities.For the said purpose, the company proposes to allot INR 150 crores from the funds raised by the company.
- Investment in customer acquisition and retention, technology and other organic growth initiatives: The company proposes to utilise ₹ 3,920 million towards funding the organic growth, which will entail expenditure on marketing and promotions for customer acquisition and retention, as well as for technology infrastructure.
Yatra Online Limited IPO Risks And Challenges
Investing in IPOs comes with its own set of risks and challenges. For Yatra Online , these are some of the major risks and challenges:
- Qualification by auditors: The auditor report of the Statutory auditor lays an emphasis on the weakness in the internal control system of the company and its subsidiaries.
- Negative cash flow: The company’s operating cash flows has been negative for the last 2 years.Any negative operating cash flows in the future would adversely affect the cash flow requirements, which may adversely affect the ability to operate the business.
- The Indian travel industry is highly competitive, and the company may not be able to effectively compete in the future.
Yatra Online IPO Peer Comparison
| Company | Total revenue(₹ in million) | Face Value per Equity Share (₹) | P/E | EPS Basic (₹) | EPS Diluted (₹) | RoNW(%) | NAV per Equity Share (Basic) (₹) |
| Yatra Online Limited | 3,974.65 | 1 | NA | 0.69 | 0.69 | 4.50% | 15.04 |
| Easy Trip Planners Limited | 4,641.98 | 1 | 56.53 | 0.77 | 0.77 | 36.21% | 2.13 |
Yatra Online IPO Financial Information
| Particular | As at 31 March 2021 | As at 31 March 2022 | As at 31 March 2023 |
| Revenue (₹ in millions) | 1,254.50 | 1,980.66 | 3,801.60 |
| Equity (₹ in millions) | 1,234.86 | 1,009.28 | 1,695.23 |
| Expenses (₹ in millions) | 2,104.19 | 2,449.74 | 3,851.87 |
| Profit and Loss After Tax (₹ in millions) | (1,186.63) | (308.23) | 65.87 |
| RoNW (%) | (23.96%) | (30.50%) | 4.50% |
| Diluted EPS only (₹) | (11.08) | (2.76) | 0.69 |
| NAV per Equity Share (₹) | 11.51 | 9.04 | 15.04 |
| Total Assets (in millions) | 5,629.08 | 5,477.81 | 6,812.50 |
| Total Liabilities (in millions) | 4,394.22 | 4,468.53 | 5,117.27 |
Yatra Online IPO – Industry & Market Potential
India ranked sixth worldwide in total tourism spend in 2021. The Indian travel industry was estimated at Rs 2,825-2,845 billion in fiscal 2023.We expect the industry to grow annually by 9-11% to Rs 4,540-4,560 billion by fiscal 2028, driven by development of tourism infrastructure, rising income levels translating to higher discretionary spending on travel and tourism, increase in frequency of travel business and leisure purposes, reforms in visa and increase in connectivity across means of transport.
Industry estimates indicate that air ticketing has a high online penetration of 74-76% as of fiscal
2023, as this segment was the first to adopt online channels, followed by railways (80-82%) Commencement of e-ticketing services by IRCTC since 2002 has helped the online railways ticketing segment gain ground.
Yatra Online IPO – Type of Offer
Yatra Online’s IPO aims to raise INR 775 crores. The IPO has two segments- fresh issue worth INR 602 crores and offer for sale worth INR 173 crores. The IPO’s main objective is to support the company’s strategic investments, acquisitions and invest in technology, customer acquisition and retention initiatives.
Yatra Online Ltd IPO Offer Size
Yatra Online’s IPO aims to raise INR 775 crores. The IPO has two segments- fresh issue worth INR 602 crores and offer for sale worth INR 173 crores.
Yatra Online IPO Allotment Structure
The IPO allotment structure for Yatra Online is planned as follows:
- Qualified Institutional Buyers (QIB): As per SEBI regulations, 75% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
- Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs. 2 lakhs.
- Retail Individual Investors (RII): The remaining 10% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs. 2 lakhs.
How to apply for a Yatra Online Limited IPO ?
To apply for the Yatra Online IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you would need to open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Yatra Online IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for Yatra Online IPO at Alice Blue in just a few clicks!
Check Allotment Status: Post the allotment process; you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How to Check Yatra Online IPO Allotment Status on Alice Blue?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Yatra Online IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Yatra Online IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended to contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Yatra Online IPO:
· Registrar’s Website: Visit the website of Link Intime India Private Limited, the registrar of the Yatra Online IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN and application number or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
· NSE and BSE: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after the allotment process has been completed, a few days after the IPO window closes.
Yatra Online IPO Offer Registrar
The registrar for the Yatra Online IPO is Link Intime India Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Link Intime India Private Limited
C-101, 1st Floor
247 Park, Lal Bahadur Shastri Marg
Vikhroli (West) Mumbai 400083
Tel: +91 22 810 811 4949
E-mail: [email protected]
Website: www.linkintime.co.in
Yatra Online Limited IPO FAQs
- What is the allotment date of the Yatra Online Limited IPO ? The allotment date of the Yatra Online Limited IPO is 25th September 2023.
- What is the price band of Yatra Online Limited IPO ?The price band of Yatra Online Limited IPO is INR 135 to 142 per share.
- What is the size of the Yatra Online Limited IPO ? YYatra Online’s IPO aims to raise INR 775 crores. The IPO has two segments- fresh issue worth INR 602 crores and offer for sale worth INR 173 crores.
- What is the listing date of the Yatra Online Limited IPO ? The listing date of the Yatra Online Limited IPO is 29th September 2023.
