The Yatra Online Initial Public Offering (IPO) has commenced its subscription period, starting Friday, and will continue until September 20. Following the IPO allotment, the shares are slated for listing on the Bombay Stock Exchange (BSE) on September 29, four days after.
Yatra, an online travel agency and travel search engine, was established in August 2006, with its headquarters located in Gurugram. Its founders include Dhruv Shringi, Manish Amin, and Sabina Chopra.
Here are the essential details about the Yatra Online IPO:
- Price Range: ₹135 to ₹142 per equity share, each having a face value of Re 1.
- Grey Market Premium (GMP): Currently at ₹0, indicating that shares are trading at their ₹142 issue size with no premium or discount in the grey market. This reflects investors’ willingness to pay the issue price.
- Net Proceeds Target: ₹775 crore.
- Offer for Sale (OFS): The public offer comprises a fresh issuance of ₹602 crore worth of shares, along with an OFS of up to 12.2 million shares by a promoter and an existing investor.
- IPO Lot Size: 105 equity shares, with multiples of 105 equity shares thereafter.
- Investor Allocation: A minimum of 75% for Qualified Institutional Buyers (QIBs), a maximum of 15% for Non-Institutional Investors (NIIs), and a maximum of 10% for Retail Investors.
- Book Running Lead Managers: SBI Capital Markets, DAM Capital Advisors Limited, and IIFL Securities Limited.
Utilization of Net Proceeds: The company intends to allocate the net proceeds towards strategic investments, acquisitions, and inorganic expansion. Additionally, the funds will be directed towards general corporate purposes, investments in customer acquisition and retention, technology enhancements, and other organic growth initiatives.
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