Dive into the Yatra Online IPO details and discover essential information about its open and close dates, lot size, price range, and much more. Explore the objectives of this IPO and gain insights into Yatra Online IPO, one of India’s leading corporate travel services providers.
Are you ready to embark on an exciting journey into the world of Yatra Online’s upcoming IPO? With the stock market buzzing and investors on the edge of their seats, it’s crucial to stay informed about this significant financial event. In this article, we’ll unravel the Yatra Online IPO details, objectives, and essential insights about the company.
Yatra Online IPO Details
Open Date: 15-Sep-23
Close Date: 20-Sep-23
Lot Size: 105
IPO Price Range: ₹135 to ₹142
Minimum Investment: ₹14,175
Listing Exchange: BSE, NSE
Basis of Allotment: 25-Sep-23
Refunds: 26-Sep-23
Credit to Demat Account: 27-Sep-23
Listing Date: 29-Sep-23
Yatra Online IPO Synopsis
The Yatra Online IPO is all set to grace the investment landscape from 15th September to 20th September 2023. Yatra Online is in the business of providing comprehensive services related to information, pricing, availability, and booking for domestic and international travelers. The IPO comprises a fresh issue of ₹602.00 crores and an Offer For Sale (OFS) of 12,183,099 equity shares. Mark your calendars for the share allotment on 25th September, and the IPO’s listing on the stock exchanges on 29th September. The share price is in the range of ₹135 to ₹142 per share, and each lot consists of 105 shares.
SBI Capital Markets Limited, DAM Capital Advisors Limited, and IIFL Securities Limited are the esteemed book-running lead managers for this IPO, while Link Intime India Private Limited has taken up the role of registrar.
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Objectives of Yatra Online IPO
- Strategic Investments and Growth: The IPO aims to fund strategic investments, acquisitions, and inorganic growth opportunities.
- Customer Acquisition: Yatra Online intends to invest in customer acquisition strategies to expand its reach.
- General Corporate Purposes: The IPO proceeds will also serve general corporate purposes, ensuring the company’s overall financial stability.
About Yatra Online
Founded in 2005, Yatra Online, Inc. is the parent company of Yatra Online Limited, headquartered in Gurugram, India. It stands tall as one of India’s premier corporate travel services providers. Yatra offers a plethora of services, including information, pricing, availability, and booking options for domestic and international air travel, hotel bookings, holiday packages, buses, trains, cabs, homestays, and cruises.
As of FY23, Yatra boasts a staggering 2,105,600 hotels in 1,490 Indian cities and towns, making it the country’s largest domestic hotel platform. In terms of gross revenue bookings, it holds the third position among consumer online travel companies (OTC) in India. Yatra Online also enjoys the most extensive network of hotel and accommodation tie-ups, with over 2,105,600 such partnerships as of FY23.
Yatra Online serves more than 813 corporate customers and nearly 50,000 registered SME customers. In addition, the company has ventured into freight forwarding with Yatra Freight, enhancing its corporate service offerings.
Financial Snapshot
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 380.16 | 198.06 | 125.45 |
| EBITDA | 66.96 | 32.14 | -5.06 |
| PAT | 7.63 | -30.78 | -118.86 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 681.25 | 547.78 | 562.90 |
| Share Capital | 11.452 | 11.189 | 11.09 |
| Total Borrowings | 511.72 | 446.85 | 439.42 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -153.06 | -83.38 | 104.10 |
| Net cash from / (used in) investing activities | -16.67 | -8.44 | -21.10 |
| Net cash flow from / (used in) financing activities | 138.42 | 20.08 | 6.46 |
| Net increase (decrease) in cash and cash equivalents | -31.31 | -71.75 | 89.45 |
Yatra Online IPO Key Points
Strengths
- Trusted Brand: Yatra Online is a trusted brand with a proven track record and a targeted marketing strategy.
- Loyal Customer Base: It has a large and loyal customer base, a testament to its quality services.
- Multi-Channel Approach: Offering a Synergistic Multi-Channel go-to-market approach, it caters to both business and leisure travelers.
- B2B Channel: The company also has a strong B2B channel, diversifying its revenue streams.
- Integrated Technology Platform: Yatra Online boasts an integrated technology platform, ensuring seamless service delivery.
- Comprehensive Service Offering: With a wide range of services and products, Yatra Online meets diverse customer needs.
- Seasoned Management Team: The company is led by a seasoned management team with deep domain expertise.
Risks
- Historical Cash Flow: Yatra Online has experienced negative cash flow in the past.
- Past Losses: The company has reported losses in previous financial periods.
- Dependence on Airline Ticketing: A significant portion of its revenues (46.82%) is generated from airline ticketing, posing business concentration risk.
- Search Engine Dynamics: Changes in internet search engine algorithms or disintermediation can negatively impact the business.
- Changing Travel Preferences: Evolving traveler preferences due to factors like telepresence equipment usage, cost considerations, and spending habits can affect demand for travel services and hotel bookings.
- Competitive Industry: Operating in a highly competitive industry poses challenges.
- Pandemic Impact: Any pandemic-like situation can adversely affect the company’s profitability.
In conclusion, the Yatra Online IPO presents a compelling opportunity for investors to delve into India’s thriving travel services sector. Stay tuned for further updates on this exciting financial event.
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