Yatra Online Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹142
Per ShareLot Size
105 Shares
Minimum Investment
₹14,910
Issue Size
₹775 Cr
Face Value
₹1
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Yatra Online Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
98.59%
Promoter Holding (Post-Issue)
98.59%
Issue Type
Book Building
ISIN
INE0JR601024
About the Company
Yatra Online Limited is India's largest corporate travel services provider in terms of number of corporate clients and the third largest online travel company in India among key OTA players in terms of gross booking revenue and operating revenue, for Fiscal Year 2023. The Company has largest number of hotel and accommodation tie-ups amongst key domestic OTA players of over 2,105,600 tie-ups, as on March 31, 2023
Industry Overview
The Indian travel industry is expected to grow at 9-11% CAGR, expanding to Rs. 4,540-4,560 billion by fiscal 2028 from Rs. 2,825-2,845 billion in fiscal 2023, driven by development of tourism infrastructure, rising income levels translating to higher discretionary spending on travel and tourism, and an increase in the frequency of travel for business and leisure purposes. Online penetration within the industry is expected to reach 73-75%. As a result, the online travel market in India is estimated to grow to Rs 3,335 billion - 3,355 billion in fiscal 2028 from Rs 1,900 - 1,920 billion in fiscal 2023, or at a 11.5-12.5% CAGR. Within the online travel market, the share of OTAs is expected to increase faster than captive players.
Company History
Yatra Online Limited was originally incorporated as `Yatra Online Private Limited' on December 28, 2005, at Mumbai, as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Assistant Registrar of Companies, Maharashtra at Mumbai. The Company was converted into a public limited company pursuant to a special resolution passed by its Shareholders at the extraordinary general meeting held on October 25, 2021 and the name of the Company was changed to `Yatra Online Limited'. A fresh certificate of incorporation consequent upon conversion to a public limited company was issued by the Registrar of Companies, Maharashtra at Mumbai on November 11, 2021.
Products & Services
- The Company is India's largest corporate travel services provider and the second largest online travel company in India.
Growth Strategy
- Growth in the customer base using cost-effective technology solutions
- Grow "Share Of Wallet" With Existing Customers-Leverage its Multi-Channel Approach and its Loyalty Programs
- Further Strengthen its focus on Corporate business
- Invest in Technology "One-Stop Shop" For All Travel Needs
- Fuel Growth Through Innovative Acquisition Strategies
- Leverage its existing travel agent network in Tier II and Tier III cities
Customer Base
The Company has 700 large corporate customers and over 46,000 registered SME customers.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 54,577,465 ^ equity shares of face value of Re. 1 each ("Equity Shares") of Yatra Online Limited ("Company" or "Issuer") for cash at a price of Rs. 142 per equity share (including a share premium of Rs. 141 per equity share) ("Offer Price") aggregating to Rs. 775.00^ crores (the "Offer") comprising a fresh issue of 42,394,366^ equity shares aggregating to Rs. 602.00^ crores* by the company ("Fresh Issue") and an offer for sale of 12,183,099^ equity shares aggregating to Rs. 173.00^ crores comprising of 11,751,739^ equity shares aggregating to Rs. 166.88^ crores by THCL Travel Holding Cyprus Limited ("Promoter Selling Shareholder") and 431,360^ equity shares aggregating to Rs. 6.13^ crores by Pandara Trust û scheme i represented by its trustee Vistra ITCL (India) Limited ("The Investor Selling Shareholder") (the promoter selling shareholder and the investor selling shareholder, collectively, the "Selling Shareholders", and such equity shares offered by the selling shareholders, the "Offered Shares") (such offer for sale by the selling shareholders, the "Offer for Sale" and together with the fresh issue, "The Offer"). The offer constitutes 34.78^% of the post-offer paid-up equity share capital of the company. *The company, in consultation with the brlms, has undertaken a rights issue and allotted 2,627,697 equity shares to THCL at an issue price of Rs. 236 per equity share (including a premium of Rs. 235 per equity share), aggregating to Rs. 62.01 crores, ("pre-ipo placement"). The size of the fresh issue aggregating to Rs. 750.00 crores has been reduced by Rs. 148.00 crores, including the pre-ipo placement of Rs. 62.01 crores, and accordingly, the fresh issue is for an aggregate amount of Rs. 602.00 crores.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Trusted brand with a proven track record and targeted marketing strategy;
- Its Synergistic Multi-Channel Platform for Business and Leisure Travelers;
- Comprehensive Selection of Service and Product Offerings;
- Large and Loyal Customer Base;
- Integrated Technology Platform;
- The COVID-19 pandemic has had, and is expected to continue to have, a material adverse impact on the travel industry and its business, financial performance and liquidity position.
- The Indian travel industry is highly competitive and its may not be able to effectively compete in the future.
- The company is exposed to risks associated with Indian businesses, particularly those in the Indian travel industry, including bankruptcies, restructurings, consolidations and alliances of its partners, the credit worthiness of these partners, and the possible obligation to make payments to its partners.
- The company is dependent on its airline ticketing business, which generates a significant percentage of its revenues and is derived from a small number of airline suppliers in India.
- Air India has moved to a single GDS service provider platform for its domestic inventory; there can be no assurance that other airline suppliers will not institute similar measures.