Yatra Online Ltd IPO
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Yatra Online Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 545.77 L | ₹ 121.83 L | ₹ 54.58 L | ₹ 1,129.02 L | BSE | ₹ 775 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 15 Sep, 23 | 20 Sep, 23 | 105 | ₹ 14,175 | Book Building | 28 Sep, 23 |
Yatra Online Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Travel Agencies |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 40933099 | 0 |
| NII | 0x | 8186620 | 0 |
| Retail | 0x | 5457746 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 54577465 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Yatra Online Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | -1.65 | 13.11 | -12.66 |
| EBITDA | 15.60 | 29.21 | 12.48 |
| PAT | -18.90 | -2.99 | -37.80 |
| Total Assets | 860.08 | 319.17 | 314.41 |
| Share Capital | 15.69 | 11.45 | 11.19 |
| Total Borrowings | 168.02 | 150.71 | 47.51 |
| Operating Activities (Net Cash) | -1.65 | 13.11 | -12.66 |
| Investing Activities (Net Cash) | 134.31 | 136.56 | 138.16 |
| Financing Activities (Net Cash) | 168.02 | 150.71 | 47.51 |
| Net Cashflow | 356.38 | 57.50 | 99.81 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Yatra Online Ltd
Yatra Online Limited was originally incorporated as `Yatra Online Private Limited' on December 28, 2005, at Mumbai, as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Assistant Registrar of Companies, Maharashtra at Mumbai. The Company was converted into a public limited company pursuant to a special resolution passed by its Shareholders at the extraordinary general meeting held on October 25, 2021 and the name of the Company was changed to `Yatra Online Limited'. A fresh certificate of incorporation consequent upon conversion to a public limited company was issued by the Registrar of Companies, Maharashtra at Mumbai on November 11, 2021.
The Indian travel industry is expected to grow at 9-11% CAGR, expanding to Rs. 4,540-4,560 billion by fiscal 2028 from Rs. 2,825-2,845 billion in fiscal 2023, driven by development of tourism infrastructure, rising income levels translating to higher discretionary spending on travel and tourism, and an increase in the frequency of travel for business and leisure purposes. Online penetration within the industry is expected to reach 73-75%. As a result, the online travel market in India is estimated to grow to Rs 3,335 billion - 3,355 billion in fiscal 2028 from Rs 1,900 - 1,920 billion in fiscal 2023, or at a 11.5-12.5% CAGR. Within the online travel market, the share of OTAs is expected to increase faster than captive players.
Yatra Online Limited 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 key OTA players in terms of gross booking revenue and operating revenue, for Fiscal Year 2023. The Company has largest number of hotel and accommodation tie-ups amongst key domestic OTA players of over 2,105,600 tie-ups, as on March 31, 2023
Peer Comparison:
- Easy Trip Planners Ltd
Yatra Online Ltd IPO Key Points
Strengths
- Trusted brand with a proven track record and targeted marketing strategy;
- Its Synergistic Multi-Channel Platform for Business and Leisure Travelers;
- Comprehensive Selection of Service and Product Offerings;
- Large and Loyal Customer Base;
- Integrated Technology Platform;
Risk
- The COVID-19 pandemic has had, and is expected to continue to have, a material adverse impact on the travel industry and its business, financial performance and liquidity position.
- The Indian travel industry is highly competitive and its may not be able to effectively compete in the future.
- The company is exposed to risks associated with Indian businesses, particularly those in the Indian travel industry, including bankruptcies, restructurings, consolidations and alliances of its partners, the credit worthiness of these partners, and the possible obligation to make payments to its partners.
Strategy
- Growth in the customer base using cost-effective technology solutions
- Grow Share Of Wallet With Existing Customers-Leverage its Multi-Channel Approach and its Loyalty Programs
- Further Strengthen its focus on Corporate business
- Invest in Technology One-Stop Shop For All Travel Needs
- Fuel Growth Through Innovative Acquisition Strategies
- Trusted brand with a proven track record and targeted marketing strategy;
- Its Synergistic Multi-Channel Platform for Business and Leisure Travelers;
- Comprehensive Selection of Service and Product Offerings;
- Large and Loyal Customer Base;
- Integrated Technology Platform;
How To Apply for Yatra Online Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.