Last day to subscribe Yatra Online IPO; check details inside

20 Sep 2023 , 11:36 AM

For the first two days, investors had a mixed reaction to Yatra Online’s initial public offering (IPO), which raised Rs 775 crore. On day 2, 31% of the issue’s subscribers were new. To subscribe to the IPO, click here.

By 11.18 AM on day 2, 37% of the issue had been subscribed, with bids for 1,13,44,095 shares against the 3.09 crore shares that were being offered. While high net worth individuals (HNIs) and qualified institutional buyers (QIBs) only bid for 11% and 6% of their reserved portions, respectively, the retail investors portion was 1.65 times oversubscribed.

The online travel business plans to raise Rs. 775 crore through a public offering at the highest price range, which consists of a fresh issue of shares for Rs. shares worth Rs 602 crore, and an offer-for-sale (OFS) of 1.2 crore shares worth Rs 173 crore by promoter THCL Travel Holding Cyprus and investor Pandara Trust – Scheme I Represented by its Trustee Vistra ITCL (India).

The price band for the offer fixed at Rs 135-142 per share.

With a profit of Rs 7.63 crore on revenue of Rs 380.16 crore in the most recent fiscal year FY23, Yatra Online turned the corner from its prior-year loss of Rs 30.78 crore on topline of Rs 198.07 crore.