- Here are the details for the Yatra Online IPO:
- The primary objectives of the Yatra Online IPO proceeds are as follows:
- Here is the market lot information for the Yatra Online IPO in a table format:
- Here are the important dates related to the Yatra Online IPO presented in a table format:
- Yatra Online Company Financial
- Key Strengths of the Yatra Online IPO:
- Key Risks associated with the Yatra Online IPO:
- Yatra Online IPO Market Lot
Traveltech startup Yatra Online Ltd has set a price range of Rs 135-142 per share for its upcoming initial public offering, which is scheduled to open for subscription on September 15. The anchor book for the IPO will kick off on September 14, with the offering set to close on September 20.
The company’s IPO aims to raise Rs 602 crore through a fresh issue of shares and an offer for sale of up to 12.18 million shares from its promoters and existing shareholders. At the upper end of the price range, the total issue size amounts to Rs 775 crore, with the company being valued at Rs 2,230 crore.
Yatra Online IPO Description – Yatra Online is India’s largest corporate travel services provider, boasting the highest number of corporate clients and ranking as the third-largest online travel company in India in terms of gross booking revenue and operating revenue. As of March 31, 2023, it holds the distinction of having the most extensive network of hotel and accommodation tie-ups among domestic OTA (Online Travel Agency) players, with over 2,105,600 partnerships.
Yatra Online has a dual focus on both the corporate and consumer markets. It leads as the foremost corporate travel service provider in India, serving 813 large corporate clients and over 49,800 registered SME customers. Additionally, it stands as the third-largest consumer online travel company (OTC) in the country in terms of gross booking revenue for the fiscal year 2023.
Yatra Online covers the entire spectrum of travel and hospitality services, encompassing B2C (business-to-consumer) and B2B (business-to-business, including business-to-enterprise and business-to-agents) segments.
By combining its B2C and B2B channels, Yatra Online effectively targets India’s frequent and high-spending travelers, primarily urban-educated consumers, in a cost-efficient manner. Furthermore, its extensive travel agent network adds scalability to the business by utilizing its integrated technology platform to aggregate consumer demand from more than 29,800 travel agents across over 1,000 cities in India, as of March 31, 2023.
The Grey Market Premium (GMP) for Yatra Online IPO today is Click here
Here are the details for the Yatra Online IPO:
- IPO Dates: September 15 – September 20, 2023
- IPO Price Range: INR 135 – INR 142 per share
- Fresh Issue: INR 602 crore
- Offer For Sale: 12,183,099 shares (valued at INR 164.47 – INR 173 crore)
- Total IPO Size: INR 766.47 – INR 775 crore
- Minimum Bid (Lot Size): 105 shares, at INR 14,910 per lot
- Face Value: INR 1 per share
- Retail Allocation: 10%
- Listing On: BSE (Bombay Stock Exchange), NSE (National Stock Exchange)
You can access the DRHP (Draft Red Herring Prospectus) and RHP (Red Herring Prospectus) by clicking on the provided links for more detailed information about the IPO and the company’s offering.
The primary objectives of the Yatra Online IPO proceeds are as follows:
- Strategic Investments, Acquisitions, and Inorganic Growth: Utilizing funds for strategic investments and potential acquisitions, which may include opportunities for inorganic growth. This allows the company to expand its presence and offerings in the travel and hospitality sector.
- Investment in Customer Acquisition and Retention, Technology, and Other Organic Growth Initiatives: Allocating capital towards customer acquisition and retention strategies, technology enhancements, and other initiatives aimed at fostering organic growth. This includes improving customer experiences and innovating within the industry.
- General Corporate Purposes: Utilizing funds for general corporate purposes, which may encompass various operational needs and requirements to support the overall functioning and development of the company.
These objectives provide insight into how the IPO funds will be used to further the company’s strategic goals and expand its presence in the market.
Here is the market lot information for the Yatra Online IPO in a table format:
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 105 | ₹14,910 |
| Retail Maximum | 13 | 1365 | ₹193,830 |
| S-HNI Minimum | 14 | 1470 | ₹208,740 |
| B-HNI Minimum | 68 | 7140 | ₹1,013,880 |
Here are the important dates related to the Yatra Online IPO presented in a table format:
| Event | Date |
|---|---|
| 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 |
Yatra Online Company Financial
| Particulars | FY21 | FY20 | FY19 |
|---|---|---|---|
| Revenue | 125.5 | 673.3 | 844.7 |
| EBITDA | -49.7 | -24.6 | -49.7 |
| PAT | -118.9 | -69.9 | -212.5 |
| Particulars | FY21 | FY20 | FY19 |
|---|---|---|---|
| Total Assets | 562.9 | 878.1 | 1208.0 |
| Share Capital | 11.1 | 10.6 | 10.2 |
| Total Borrowings | 13.1 | 98.5 | 99.8 |
Here is a comparison of Yatra Online Limited with Easy Trip Planners Limited based on various financial metrics:
| Company Name | Total Revenue (in Rs. Crores) | Basic EPS | NAV Rs. per share | PE | RoNW % |
|---|---|---|---|---|---|
| Yatra Online Limited | 143.62 | -11.08 | 11.13 | NA | -0.96% |
| Easy Trip Planners Limited | 150.76 | 5.62 | 14.97 | 91.04 | 37.51% |
Key Strengths of the Yatra Online IPO:
- Trusted Brand and Proven Track Record: Yatra Online boasts a trusted brand with a demonstrated track record. Its effective and targeted marketing strategy has contributed to its reputation in the travel and hospitality industry.
- Large and Loyal Customer Base: The company has established a sizable and loyal customer base, a valuable asset in the competitive travel market. This customer loyalty can be a source of stable revenue and growth.
- Synergistic Multi-Channel Approach: Yatra employs a synergistic multi-channel approach that caters to both business and leisure travelers. This strategy allows the company to tap into diverse market segments efficiently.
- Integrated Technology Platform: Yatra Online utilizes an integrated technology platform, enhancing its operational efficiency and providing a seamless experience for customers. This technological integration can drive innovation and improve customer satisfaction.
- Comprehensive Selection of Service and Product Offerings: Yatra offers a wide range of services and products, providing customers with comprehensive choices. This breadth of offerings can attract a diverse customer base and increase revenue opportunities.
Key Risks associated with the Yatra Online IPO:
- Intense Competition in Indian Travel Industry: The Indian travel industry is highly competitive, and Yatra Online may face challenges in maintaining its competitiveness in the future, which could impact its market position and profitability.
- Exposure to Risks in Indian Business Environment: Yatra Online is exposed to risks associated with Indian businesses, especially those in the travel industry, such as bankruptcies, restructurings, consolidations, and alliances among its partners. These events can have adverse effects on the company’s operations.
- Dependency on Airline Ticketing Business: Yatra relies significantly on its airline ticketing business, which contributes a substantial portion of its revenues. This business is dependent on a limited number of airline suppliers in India, and any disruptions or adverse changes in these relationships could impact the company’s financial performance.
- Transition of Airline Suppliers to Single GDS Platform: The transition of airline suppliers to a single Global Distribution System (GDS) service provider platform for domestic inventory could pose risks to Yatra Online’s operations, affecting its ability to access and offer air ticketing services.
- Potential Reduction in Commission and Fees: Yatra Online receives commissions and fees from airline suppliers for the sale of air tickets. There is a risk that these commissions and fees may be reduced or eliminated, which could impact the company’s revenue streams.
- Dependency on Relationships with Travel Suppliers: Yatra Online relies on its relationships with a wide range of travel suppliers. Any adverse changes in these relationships or difficulties in forming new ones could affect the company’s ability to offer a comprehensive range of travel services and products.
Investors should carefully consider these risks when evaluating the investment potential of the Yatra Online IPO.
Yatra Online IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 105 | ₹14,910 |
| Retail Maximum | 13 | 1365 | ₹193,830 |
| S-HNI Minimum | 14 | 1470 | ₹208,740 |
| B-HNI Minimum | 68 | 7140 | ₹1,013,880 |
| Yatra Online Offer Lead Manager | Yatra Online Offer Registrar | Yatra Online Contact Details |
|---|---|---|
| SBI CAPITAL MARKETS LIMITED | LINK INTIME INDIA PRIVATE LIMITED | YATRA ONLINE LIMITED |
| 1501, 15th floor, A & B Wing, | C-101, 247 Park, 1st Floor, L.B.S. Marg, | Gulf Adiba, Plot No. 272, |
| Parinee Crescenzo, Bandra Kurla Complex, | Vikhroli West, Mumbai, 400 083, Maharashtra | 4th Floor, Udyog Vihar, Phase – II, |
| Bandra (East), Mumbai- 400 051 | Phone: +91 22 4918 6200 | Sector – 20, Gurugram – 122008, Haryana |
| Phone: +91 22 4006 9807 | Email: yatra.ipo@linkintime.co.in | Phone: +91 – 124 459170 |
| Email: yatra.ipo@sbicaps.com | Website: www.linkintime.com | Email: investors@yatra.com |
| Website: www.sbicaps.com | Website: www.yatra.com |
Naren is a finance graduate who is passionate about cryptocurrency and blockchain technology. He demonstrates his expertise in these subjects by writing for cryptoetf.in. Thanks to his finance background, he is able to write effectively about cryptocurrency.