Yatra Online Limited IPO September 2023
Yatra Online Limited, our star of the day, is a leading player in the travel services industry in India. They've been around since 2005 and have carved out a prominent place for themselves in the market. Yatra Online is known for providing a wide range of travel-related services, making it a one-stop destination for all things travel.
They specialize in domestic and international air ticketing on Indian and international airlines, offer bus and rail ticketing, facilitate cab bookings, and provide an array of auxiliary services right here in India.
Travel Market in India
The Indian travel industry grew at a 6-8% CAGR between fiscal 2017 and 2023, to a size of Rs 2,825-2,845 billion. With the development of tourism infrastructure, rising income levels for spending on travel and tourism, and various other factors, the growth momentum is expected to continue. In fact, the industry is expected to grow annually by 9-11% to Rs 4,540-4,560 billion by fiscal 2028.
Yatra Online Ltd. Journey in the Travel Industry
In August 2017, Yatra acquired most of the shares of another company called YFB, which is an independent corporate travel services provider. In February 2019, the company bought a business called TCIL, a company in Chennai that provides corporate travel services. This was done to make the company's corporate travel business stronger and to have a bigger presence in South India. Then, in July 2020, they bought the rest of the shares, making YFB a wholly-owned subsidiary. This helped Yatra expand its customer base in the corporate travel business.
Yatra Online IPO Issue Details
Yatra Online's IPO opens on September 15, 2023, and this event has been eagerly anticipated by investors in the Indian stock market. The IPO consists of a fresh issuance of shares worth Rs.602 crore and an offer for sale (OFS) of up to 1.21 crore equity shares
|
IPO Date |
September 15, 2023 to September 20, 2023 |
|
Listing Date |
19-Sep-23 |
|
Face Value |
Rs1 per share |
|
Price Band |
Rs135 to Rs142 per share |
|
Lot Size |
105 Shares |
|
Total Issue Size |
54,577,465 shares (aggregating up to Rs775.00 Cr) |
|
Fresh Issue |
42,394,366 shares (aggregating up to Rs602.00 Cr) |
|
Offer for Sale |
12,183,099 shares of Rs1each (aggregating up to Rs173.00 Crores) |
|
Issue Type |
Book Built Issue IPO |
|
Listing At |
BSE, NSE |
|
Shareholding Pre-Issue |
111,894,130 |
|
Shareholding Post-Issue |
154,288,496 |
Purpose of Yatra Online IPO Issue
The company's plan for the funds is straightforward:
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Expanding Horizons: Investing in new opportunities and growth.
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Enhancing Your Experience: Improving Customer Service and Technology
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Keeping Things Running: Supporting day-to-day operations
Check out all the vital details in the table below, regarding teh IPO Issue :
Yatra Online IPO Timeline key dates
|
IPO Timeline |
Date |
|
IPO Open Date |
Friday, September 15, 2023 |
|
IPO Close Date |
Wednesday, September 20, 2023 |
|
Basis of Allotment |
Monday, September 25, 2023 |
|
Initiation of Refunds |
Tuesday, September 26, 2023 |
|
The credit of Shares to Demat |
Wednesday, September 27, 2023 |
|
Listing Date |
Friday, September 29, 2023 |
|
Cut-off time for UPI mandate confirmation |
5 PM on September 20, 2023 |
Yatra Online IPO Lot Size
Investing in the Yatra Online IPO is a breeze, and here's what you need to know about the lot sizes and investment options:
|
Application |
Lots Size |
Number of Shares |
Total Amount |
|
Retail (Min) |
1 |
105 |
Rs14,910 |
|
Retail (Max) |
13 |
1365 |
Rs193,830 |
|
S-HNI (Min) |
14 |
1470 |
Rs208,740 |
|
S-HNI (Max) |
67 |
7035 |
Rs998,970 |
|
B-HNI (Min) |
68 |
7140 |
Rs1,013,880 |
Yatra Online IPO Promoters
Asia Consolidated DMC Pte. Ltd. and Travel Holding Cyprus Ltd are the rockstar promoters of the company.
Yatra Online IPO Anchor Investors
Yatra Online IPO's anchor investor round on September 14, 2023, saw strong interest, with a substantial investment of Rs 348.75 crore. The anchor investors' list includes prominent names, reflecting the confidence in Yatra's growth prospects. Moreover, with a lock-in period for a portion of the shares until November 8, 2023, and the remaining until February 5, 2024, these investors are in it for the long ride, aligning their interests with the company's future success.
Yatra Online IPO Subscription Status
As of September 15, 2023, at 1:21 PM, the Yatra Online IPO is off to a steady start, with a subscription rate of 0.07 times. Let's break it down further:
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In the retail category, it's at 0.36 times.
-
In the QIB category, it's at 0.00 times.
-
In the NII category, it's at 0.01 times.
Yatra Online ltd IPO Investment Potential:
Qualitative factors:
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Brand Reputation: Assess Yatra's brand image and market trustworthiness.
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Management Experience: Evaluate the expertise and track record of Yatra's leadership.
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Market Share: Consider Yatra's market position and growth potential within the online travel industry.
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Financial Health: Review Yatra's financial stability, including debt levels and profitability trends.
Quantitative factors:Yatra online financials and KPI:
|
Period Ended |
31-Mar-23 |
|
Assets |
681.25 |
|
Revenue |
397.47 |
|
Profit After Tax |
7.63 |
|
Net Worth |
169.52 |
|
Reserves and Surplus |
|
|
Total Borrowing |
153.07 |
|
KPI |
Values |
|
P/E (x) |
205.8 |
|
Post P/E (x) |
289.8 |
|
Market Cap (Rs Cr.) |
2228.21 |
|
ROE |
18.10% |
|
ROCE |
26.00% |
|
Debt/Equity |
0.9 |
|
EPS (Rs) |
0.69 |
|
RoNW |
4.50% |
Conclusion - The Road Ahead
As we eagerly await the listing of Yatra Online shares on both the NSE and BSE (expected on September 29, 2023), it's important to stay informed about the latest developments. Keep an eye on the IPO's progress, the subscription status, and any updates on the listing price.
In conclusion, the Yatra Online IPO is a significant event in the Indian stock market. It's an opportunity for investors to be part of the growing travel industry in India and potentially reap the benefits of its promising future. So, whether you're a seasoned investor or someone looking to dip their toes into the world of stocks, Yatra Online's IPO is definitely one to watch out for.
Frequently Asked Questions:
1. What is the Yatra Online IPO?
The Yatra Online IPO is when the company goes public by offering its shares to the general public for the first time.
2. When does the IPO open and close?
It opens on September 15, 2023, and closes on September 20, 2023.
3. What's the price range for the IPO shares?
The price band is set between Rs135 to Rs142 per share.
4. How much should I invest in this IPO?
Retail investors can bid for a minimum of 105 shares, which is around Rs14,910.
5. What's the total issue size?
The total issue size is approximately Rs775.00 crore, with 54,577,465 shares.
6. Where will the shares be listed?
The stocks will make their debut on both the BSE and NSE
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