The Yatra Online 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 the main OTA players in terms of gross booking revenue and operating revenue. It has the most hotel and accommodation tie-ups among important domestic OTA providers, with approximately 2,105,600 tie-ups as of March 31, 2023.
Yatra Online, a well-known online company, has filed preliminary paperwork with SEBI in order to collect funds and become publicly traded in the Indian market after previously being listed on NASDAQ. The offering consists of a fresh issue of equity shares worth Rs. 750 crore and a secondary offering of up to 88 lakh equity shares by THCL Travel Holding Cyprus Limited, a subsidiary of Yatra Online, Inc., amounting to roughly 8% of Yatra Online Limited’s shares outstanding.
Yatra Online, Inc. is the ultimate parent company of Yatra Online Limited, which has its headquarters in Gurugram, India, and is one of India’s major corporate travel service providers, with over 700 large corporate clients. Domestic and international air travel, domestic and international hotel bookings, holiday packages, buses, trains, in-city activities, inter-city and point-to-point cabs, homestays, and cruises are all available for information, pricing, availability, and booking through the company. As of October 2021, the
company had the most hotel and accommodation tie-ups among leading OTA companies, with over 2,094,000 tie-ups. According to the official release, the company is India’s largest platform for domestic hotels, with around 94,000 hotels and homestays contracted in approximately 1,400 locations across India and more than 2 million hotels worldwide. To enhance its corporate service offerings, Yatra Freight, a freight forwarding company, was recently created.
The company aimed to provide its consumers with a “one-stop shop” for holiday packages and other activities like visa assistance, excursions, sightseeing, shows, and events. The technological platform was created with the goal of providing a high level of dependability, security, scalability, integration, and innovation. We operate a unique eCash reward program that allows travelers who book through our platform to accrue and redeem points, where relevant, to increase customer loyalty and provide an incentive to the workers of our corporate customers to trade with us as B2C customers.
Yatra Online was listed on the New York Stock Exchange in December 2016. The company may explore issuing additional equity shares, including a private placement of up to Rs.145 crore, which would indirectly diminish the size of the initial offering. The issue’s book-running lead managers are SBI Capital Markets Ltd, DAM Capital Advisors Ltd, and IIFL Securities Ltd.
Yatra Online IPO Details
| Yatra Online IPO Dates | 15 – 20 September 2023 |
| Yatra Online IPO Price | Coming soon |
| Fresh issue | INR 602 crore |
| Offer For Sale | 12,183,099 shares |
| Total IPO size | Coming soon |
| Minimum bid (lot size) | Coming soon |
| Face Value | INR 1 per share |
| Retail Allocation | 10% |
| Listing On | BSE, NSE |
Yatra Online Valuations and Margins
| FY 2021 | FY 2022 | FY 2023 | |
|---|---|---|---|
| EPS | (11.08) | (2.76) | 0.69 |
| PE ratio | – | – | – |
| RONW (%) | (96.26) | (30.50) | 4.50 |
| NAV | – | – | 15.04 |
| ROCE (%) | – | – | – |
| EBITDA (%) | (4.04) | 16.23 | 17.62 |
| Debt/Equity | – | – | 0.90 |
Yatra Online IPO Subscription – Live Updates
- Coming soon
Yatra Online IPO Dates & Listing Performance
| Yatra Online IPO Opening Date | 15 September 2023 |
| Yatra Online IPO Closing Date | 20 September 2023 |
| Finalization of Basis of Allotment | 25 September 2023 |
| Initiation of refunds | 26 September 2023 |
| Transfer of shares to demat accounts | 27 September 2023 |
| Yatra Online IPO Listing Date | 29 September 2023 |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
Yatra Online Financial Status
| Particulars (in Rs. Crores) | FY21 | FY20 | FY19 |
|---|---|---|---|
| Revenue | 125.5 | 673.3 | 844.7 |
| EBITDA | -49.7 | -24.6 | -49.7 |
| PAT | -118.9 | -69.9 | -212.5 |
| Total Assets | 562.9 | 878.1 | 1208.0 |
| Share Capital | 11.1 | 10.6 | 10.2 |
| Total Borrowings | 13.1 | 98.5 | 99.8 |
| Net cash generated from / (used in) operating activities | 104.1 | -42.7 | -409.4 |
| Net cash from / (used in) investing activities | -21.1 | 12.5 | -64.1 |
| Net cash flow from / (used in) financing activities | 6.5 | 31.5 | 358.3 |
| Net increase (decrease) in cash and cash equivalents | 89.5 | 1.3 | -115.3 |
Yatra Online Peer Comparison
| Name of the company | Total Revenue (in Rs. crores) | Basic EPS | NAV Rs. per share | PE |
|---|---|---|---|---|
| Yatra Online Limited | 143.62 | -11.08 | 11.13 | NA |
| Easy Trip Planners Limited | 150.76 | 5.62 | 14.97 | 91.04 |
Yatra Online IPO Key Points
Strengths
- Trusted brand with a proven track record and targeted marketing strategy
- Large and Loyal Customer Base
- Synergistic Multi-Channel Go to Market approach for Business and Leisure Travelers
- Integrated Technology Platform
- Comprehensive Selection of Service and Product Offerings
Risks
- Indian travel industry is highly competitive and may not be able to effectively compete in the future
- Exposed to risks associated with Indian businesses, particularly those in the Indian travel industry, including bankruptcies, restructurings, consolidations and alliances of its partners
- Dependency on its airline ticketing business, which generates a significant percentage of our revenues and is derived from a small number of airline suppliers in India
- Transition of airline suppliers to a single GDS service provider platform for its domestic inventory
- Commission and other fees we receive from airline suppliers (including our GDS service providers) for the sale of air tickets may be reduced or eliminated
- Dependency on our relationships with a broad range of travel suppliers, and any adverse changes in these relationships, or our inability to enter into new relationships
Yatra Online Offer Lead Manager
SBI CAPITAL MARKETS LIMITED
1501, 15th floor, A & B Wing,
Parinee Crescenzo, Bandra Kurla Complex,
Bandra (East), Mumbai- 400 051
Phone: +91 22 4006 9807
Email: yatra.ipo@sbicaps.com
Website: https://www.sbicaps.com
Yatra Online Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, 1st Floor, L.B.S. Marg,
Vikhroli West, Mumbai, 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: yatra.ipo@linkintime.co.in
Website: https://www.linkintime.com
Yatra Online Contact Details
YATRA ONLINE LIMITED
Gulf Adiba, Plot No. 272,
4th Floor, Udyog Vihar, Phase – II,
Sector – 20, Gurugram – 122008, Haryana
Phone: +91 – 124 459170
Email: investors@yatra.com
Website: https://www.yatra.com
Yatra Online Offer News
- Yatra Online RHP
- Yatra Online DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Subscription Status
Yatra Online IPO FAQs
Q1. What is the lot size and investment required for the Yatra Online IPO?
Ans. Yatra Online IPO details are yet to be announced.
Q2. What is the price band of Yatra Online IPO?
Ans. Yatra Online IPO details are yet to be announced.
Q3. When does the Yatra Online IPO issue open and closes?
Ans. Yatra Online IPO details are yet to be announced
Q4. What is the size of Yatra Online IPO issue?
Ans. The issue comprises fresh issue of equity shares worth Rs.750 crores and a secondary offering of up to 88 lakhs equity shares by THCL Travel Holding Cyprus Limited
Q5. Who are the promoters/key personnels of Yatra Online IPO?
Ans. Yatra Online is promoted by THCL Travel Holding Cyprus Limited and Asia Consolidated DMC Pte. Ltd.
Q6. What is the allotment date of Yatra Online IPO?
Ans. Yatra Online IPO details are yet to be announced.
Q7. When is the Yatra Online IPO listing date?
Ans. Yatra Online IPO details are yet to be announced.
Q8. Who are the book runners for Yatra Online IPO?
Ans. SBI Capital Markets Ltd, DAM Capital Advisors Ltd and IIFL Securities Ltd are the book running lead managers for the issue
Q9. What is the objective of Yatra Online IPO?
Ans. The proceeds will be used:
- Strategic investments, acquisitions and inorganic growth
- Investment in customer acquisition and other organic growth initiatives
- General corporate purposes
