Yatra Online listed at 10% discount on D-Street

28 Sep 2023 , 09:52 AM

Yatra Online, an online travel portal, saw its shares debut on the stock exchanges at a discount. The company’s shares began trading at Rs 127.50 on NSE, marking a 10.21% discount compared to the issue price of Rs 142. On BSE, the shares opened at Rs 130, representing an 8.45% discount.

During the IPO, the company and its shareholders collectively raised Rs 775 crore from the primary markets. The IPO was subscribed approximately 1.7 times, with the issue price set at Rs 142.

Yatra Online holds the position of India’s third-largest online travel company among key OTA (Online Travel Agency) players in terms of gross booking revenue and operating revenue for FY23. The company boasts the most extensive network of hotel and accommodation partnerships among major domestic OTA players. Furthermore, Yatra Online is a leading provider of corporate travel services in India, serving 813 large corporate customers and over 49,800 registered SME customers.