Rs 775-crore Yatra Online IPO opens today; Check live subscription here

15 Sep 2023 , 12:15 PM

The initial public offering (IPO) of Haryana-based Online Travel Agency, Yatra Online, officially opened for subscription on Friday, September 15, with the offering set to conclude on September 20. Click here to subscribe the IPO.

However, by 12 PM, the IPO had garnered a lukewarm response from investors, with only a 5% subscription rate in the first two hours of trading. Among the segments, the retail investors’ portion achieved a 27% subscription rate, while the non-institutional investors’ portion saw just a 1% subscription rate.

Ahead of the IPO opening, the company successfully raised Rs 348.75 crore from 33 anchor investors on September 14.

The fresh issue proceeds will be allocated with Rs 392 crore designated for customer acquisition and retention, and Rs 150 crore earmarked for strategic acquisitions. Yatra Online Inc., the company’s holding entity, is listed on the NASDAQ exchange in the United States. Following the IPO, the promoter’s stake in the company will reduce to 64.5 percent.

SBI Capital Markets Ltd, DAM Capital Advisors Ltd, and IIFL Capital Services Ltd are serving as the book-running lead managers for the IPO, while Link Intime India has been appointed as the registrar.