Yatra.com IPO Update:
Yatra Online Limited IPO: Gurugram based Yatra Online Limited established in the year 2005 and is into Technology - Online Ticketing Platform sector.
Company is promoted by THCL Travel Holding Cyprus Limitedand Asia Consolidated DMC Pte. Ltd.. Pre-Offer Promoter and Promoter group stake in the company is 98.59%.
Yatra Online Limited has filed Red Herring Prospectus (RHP) for proposed initial public offer (IPO). Total issue size is INR 775 Crores calculated on upper price band (face value of INR 1 per share) via initial public offering.
Initial Public Offer comprising of a Fresh Issue aggregating up to Rs. 750 crores and an Offer for Sale up to 9,328,358 Equity Shares.. SBI Capital Markets, DAM Capital, IIFL Securities have been appointed as lead merchant bankers for the proposed IPO. It has appointed Link Intime India Pvt. Ltd. as Registrar and Share transfer Agent.
Details about upcoming IPO:
As per the details available in RHP, Price band is Rs 135 to Rs 142 with lot size of 105 shares and in multiples thereof. Objects of the issue is 1) Strategic investments, acquisitions and inorganic growth to the tune of Rs. 150 crores, 2) Investment in customer acquisition and retention, technology, and other organic growth initiatives amounting to Rs. 500 crores, and 3) General corporate purposes.
IPO Dates:
IPO will open on September 15, 2023 and close on September 15, 2023. Tentative date of listing on stock exchanges is September 29, 2023
About Industry:
The Indian travel industry is expected to grow at 5-7% CAGR, expandingto ₹3,350-3,370 billion in fiscal 2025 from ₹ 2,470-2,490 billion in fiscal 2020, driven by development of tourism infrastructure, rising income levels translating to higher discretionary spending on travel and tourism, and increase in frequency of travel for business and leisure purposes. The online travel market in India is estimated to grow to ₹ 2,390-2,410 billion in fiscal 2025 from ₹ 1,480-1,500 billion in fiscal 2020, or at 9-11% CAGR. Within the online travel market, share of online travel agencies (OTAs) is expected to increase faster in comparison with captive players.(Source: CRISIL Report)
Want to know more details about the IPO, please visit here Yatra Online Limited
Source: SEBI, BSE, NSE, DRHP, Yatra.com, Industry Data
Disclaimer: Above article only publishes details about the IPO and for educational purpose only. It doesn't solicit or invite any interest to invest in any kind of securities. Please visit respective sources to verify and know more details about the IPO. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.
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