- Date : 11/09/2023
- Read: 4 mins
If you are undecided on investments in Yatra Online IPO, here’s all the basic information you will need.
Popular ticketing and travel services company Yatra Online Limited is another new stock that will be listed on the stock exchanges in the coming days. Here is a look at all that you must know about the IPO.
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Yatra is a major player in the Indian travel services industry
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Its IPO opens for public on 15 September 2023
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The company made profit for the first time in three years
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Its borrowings have increased significantly in FY23
Yatra Online IPO Details
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The important IPO dates are –
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Open - 15 September 2023
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Close - 20 September 2023
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Listing - 28 September 2023
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Face value - Rs 1, Price band - yet to be announced
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Offer For Sale (OFS) - 1,21,83,099 shares, Fresh issue - around Rs 602 crores
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Promoter's shareholding currently stands at 98.59%. The OFS includes offloading of more than 17.51 lakh shares by THCL Travel Holding Cyprus and 4.31 lakh shares by Pandara Trust – Scheme I
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The objective of the IPO includes strategic investments, acquisitions, organic and inorganic growth, customer acquisition and retention, technology, and general corporate purposes
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Qualified Institutional Buyers - at least 75%, HNIs - up to 15%, Retail - up to 10%
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Lead Manager of the IPO - SBI Capital Markets, Dam Capital Advisors and IIFL Securities
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Registrar of the IPO - Link Intime India
Also Read: SEBI Approves Yatra Online IPO – Here Are The Company And IPO Details
About The Company
Yatra was established in 2005 and primarily provides ticketing services for domestic and international flights, hotels, homestays, railways, cabs, etc. As per their draft red herring prospectus, the company was India’s largest corporate travel services provider and second largest online travel company for FY2020 and had the highest number of hotel and accommodation tie-ups (more than 20.94 lakhs) in India for FY21.
Financial Performance
The financial performance of the company has increased significantly in the previous four financial years –
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The revenue of the company has increased from Rs 143.62 crores in FY21 to Rs 397.47 crores in FY23
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The profit after tax in this period has increased from a loss of Rs 119 crores to a profit of Rs 7.63 crores
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The assets of the company were valued at Rs 562.91 crores in FY21, and Rs 681.25 crores in FY23
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The total borrowing of the company has increased significantly from Rs 13.11 crores in FY21 to Rs 153.07 crores in FY23
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The debt-equity ratio of the company is 0.9, the earnings per share is Rs 0.69, while the return on net worth is 4.5%
Conclusion
The stock market sentiments are positive and tourism is expected to revive from the post-COVID lull. At the same time, it is worth noting that its listed peer, EaseMyTrip, has not lived up to its initial promise. Investors must give the prospectus a good read before investment decisions.
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