Yatra Online, founded on December 28, 2005, is India's leading corporate travel services provider by client count and ranks third among key online travel agencies for gross booking and operating revenue in FY23.
| Bidding Dates |
|---|
| 15 Sep 2023 - 20 Sep 2023 |
| Subscription |
|---|
| 1.61x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,910 | 1 | 13 | 105 | 54.6 M | ₹135 - ₹142 | 65.22 % | ₹7368.0 M - ₹7750.0 M | RHP DOC |
Yatra Online IPO SUBSCRIPTION STATUS
20 Sep '23Yatra Online IPO overall subscription rate was 1.61 times the total available shares
Yatra Online IPO retail subscription rate was 2.11 times in the retail segment
Yatra Online IPO non-institutional investor subscription rate was 0.42 times in the non-institutional investor category
Yatra Online IPO Qualified Institutional Bidder subscription rate was 2.05 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
20 Sep 2023 (Day 3) | 2.11x | 0.42x | 2.05x |
18 Sep 2023 (Day 2) | 1.34x | 0.09x | 0.06x |
15 Sep 2023 (Day 1) | 0.55x | 0.03x | 0x |
Yatra Online FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| FY23 | 76.3 | 3,801.6 | -1,530.6 | -1,540.8 |
| FY22 | -307.9 | 1,980.7 | -833.9 | -843.1 |
| FY21 | -1,188.6 | 1,254.5 | 1,041.1 | 1,046.0 |
Yatra Online IPO SUBSCRIPTION STATUS DETAILS
Yatra Online had 54.6 M shares on offer
Yatra Online IPO offer price was in the range ₹135 - ₹142
Yatra Online IPO minimum Investment was ₹14910
Yatra Online IPO issue size was ₹ 7368.0 M - ₹ 7750.0 M
Yatra Online had a minimum lot size of 105 Shares per application
Yatra Online NUMBER OF SHARES ON OFFER
Yatra Online IPO IMPORTANT DATES
| Issue Open Date | 15 Sep 2023 |
| Issue close Date | 20 Sep 2023 |
| Allotment Date | 25 Sep 2023 |
| Refund Date | 26 Sep 2023 |
| Demat Account Credit Date | 27 Sep 2023 |
| Listing Date | 28 Sep 2023 |
| Listing on Exchange(s) | NSE and BSE |
| Yatra Online Allotment Status | Exchange |
Yatra Online IPO subscription opened on 15 Sep 2023, and closed on 20 Sep 2023
IPO allotment for Yatra Online was finalized on Monday, 25 Sep 2023
IPO listing for Yatra Online was on NSE and BSE on Thursday, 28 Sep 2023
Yatra Online IPO LISTING GAINS
| Issue Price (adjusted) | 142.0 |
| Listing Open Price | 127.5 |
| Listing Close Price | 135.9 |
| Listing Gain% | -10.2% |
| Current Gain% | -26.9% |
Yatra Online Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Yatra Online Ltd. | 103.9 | 1629.9 | 34.8 | 1.2 | 1.6 | 5.6 | 3.5 | 1032.3 | 25.4 | 46.8 | 28 | 3 | 28 |
| Indian Railway Catering & Tourism Corporation Ltd. | 524.8 | 41980 | 30.1 | 5 | 8.1 | 32.3 | 18.4 | 5475.2 | 11.7 | 1393.5 | 6 | 17.4 | 6 |
| TBO Tek Ltd. | 1612.9 | 17514.1 | 66.2 | 4.7 | 5.7 | 15.8 | 2.6 | 2728.7 | 51.7 | 244.3 | 6.3 | 24.4 | 14.1 |
| BLS International Services Ltd. | 260.1 | 10710.2 | 15.2 | 0.6 | 3.4 | 27.9 | 18.2 | 3093.4 | 36 | 686.7 | 35.1 | 17.1 | 24.9 |
| LE Travenues Technology Ltd. | 180.2 | 7947.2 | 92.9 | 2.8 | 6.3 | 3.5 | 2.8 | 1275.3 | 36.8 | 72.1 | 19.9 | 1.9 | 32.8 |
| Thomas Cook (India) Ltd. | 106.2 | 4995.5 | 22.8 | -1.8 | 0.6 | 8.6 | 2.8 | 8557.8 | 3.3 | 218.8 | -14 | 4.6 | -12.9 |
Yatra Online INFORMATION ON IPO ISSUE
About Yatra Online
Yatra Online, founded on December 28, 2005, is India's leading corporate travel services provider by client count and ranks third among key online travel agencies for gross booking and operating revenue in FY23.
Object of the Issue
- Strategic investments, acquisitions, and inorganic growth
- Investment in customer acquisition and retention, technology, and other organic growth initiatives
- General corporate purposes
Yatra Online - PROMOTERS
| Name |
|---|
| Travel Holding Cyprus Limited |
| Asia Consolidated DMC Private Limited |
Yatra Online Book Running Lead Manager
SBI Capital Markets Limited
yatra.ipo@sbicaps.com
DAM Capital Advisors Limited
yatra.ipo@damcapital.in
IIFL Securities Limited
yatra.ipo@iiflcap.com
Yatra Online Registrar to the Offer
Link Intime India Private Limited
yatra.ipo@linkintime.co.in
Yatra Online Strengths
Trusted brand
The company stands as a prominent full-service online travel firm in India, serving both leisure and business travellers. It is also among the country's most recognisable travel brands
Customer base
As of March 31, 2023, the company has catered to over 14 million travel customers, with more than half enrolled in its eCash loyalty programme. During FY2023, its websites and mobile apps achieved a 97.8% booking success rate for domestic transactions in the B2C channel
Synergistic go-to-market approach
The company employs a unique "go-to-market" strategy combining B2C and B2B channels. This multifaceted approach fosters a strong network effect, enabling cross-selling between business and leisure travellers and capturing a broad segment of India's travel market
Yatra Online Risks
Negative operating cash flows
The company has experienced negative operating cash flows, and continued negative cash flows in the future could adversely impact business operations and implementation
Dependent on B2B business
The company's B2B sector contributes 28.25% to the total adjusted margin in FY23. Shifts in traveller preferences, influenced by factors like telepresence technology, travel costs, and spending habits, could negatively affect demand for travel services
Incurred losses
The company has reported restated losses in the past, and future losses could negatively impact its financial health, operational results, and cash flows
IPO FAQs
This IPO consists of an offer for sale of up to Rs 173.0 crore, of 12,183,099 shares. It also consists of a fresh issue of Rs 602.0 crore.
The promoters of the company are Travel Holding Cyprus Limited and Asia Consolidated DMC Private Limited.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 135.0 - 142.0.
The IPO application opens on Sep 15, 2023 and closes on Sep 20, 2023.
The minimum lot size for the IPO is 105. The maximum lot size for the IPO is 1365.
For all category investors, the minimum application amount for this IPO is Rs. 14,910.0, the maximum value for this IPO is Rs 193,830.0.
This IPO will be allotted on Sep 25, 2023.
The refund will be credited to your account on Sep 26, 2023.
The allotted shares will be credited to your demat on Sep 27, 2023.
Yatra Online Ltd.’s shares listed on the stock exchanges on Sep 28, 2023.