Yatra Online Limited is one of India’s leading corporate travel services providers with over 700 large corporate customers. The company provides information, pricing, availability, and booking facility for domestic and international customers.
The company provides domestic and international air ticketing on Indian and international airlines, as well as bus ticketing, rail ticketing, cab bookings, and ancillary services within India, hotels, homestays, and other accommodations bookings, with about 105,600 hotels in 1,490 cities and towns in India, as on Fiscal 2023 and more than two million hotels globally through its website yatra.com, mobile applications, corporate SaaS platform, and other associated platforms.
Yatra Online has over 94,000 hotels and homestays contracted in approximately 1,400 cities across India as well as more than 2 million hotels around the world. The company is India’s largest platform for domestic hotels. The company recently launched a freight forwarding business called Yatra Freight to further expand its corporate service offerings.
The firm aimed to provide “one-stop shop” for its customers by providing access to holiday packages and other activities such as visa facilitation, tours, sightseeing, shows, and events. The technology platform has been designed to deliver a high level of reliability, security, scalability, integration and innovation
To strengthen customer loyalty and provide an incentive to the employees of our corporate customers to transact with us as B2C customers, we operate a proprietary eCash loyalty program that enables travelers that book through our platform to accumulate and redeem points, where applicable.
As of fiscal 2023, the company has over 813 corporate customers and over 49,800 registered SME customers and is the third largest consumer online travel company (OTC) in the country in terms of gross booking revenue as well as has the largest number of hotel and accommodation tie-ups amongst key domestic OTA players of over 2,105,600 tie-ups.
Yatra Online IPO – Details
| IPO Opening Date | 15 September 2023 |
| IPO Closing Date | 20 September 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5,45,77,465 Shares Worth ₹775 Crore Fresh Issue: 4,23,94,366 Shares Worth ₹602.00 Crore Offer for Sale: 1,21,83,099 Shares Worth ₹173 Crore |
| Face Value | ₹1 per equity share |
| IPO Price | ₹135 – ₹142 |
| Market Lot | 105 Share |
| Min Order | 105 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Limited |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
Yatra Online IPO – Date Schedule
| IPO Open Date | 15 September 2023 |
| IPO Close Date | 20 September 2023 |
| Basis of Allotment Date | 25 September 2023 |
| Initiation of Refunds | 26 September 2023 |
| Credit of Shares to Demat Account | 27 September 2023 |
| IPO Listing Date | 28 September 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on 20 September 2023 |
Yatra Online IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 105 | ₹ 14,910 |
| Retail (Max) | 13 | 1,470 | ₹ 1,93,830 |
| S-HNI (Min) | 14 | 1,575 | ₹ 2,08,740 |
| S-HNI (Max) | 67 | 7,035 | ₹ 9,98,970 |
| B-HNI (Min) | 68 | 7,140 | ₹ 10,13,880 |
Competitive Strengths
- Trusted brand with a proven track record and targeted marketing strategy;
- The company Synergistic Multi-Channel Go to Market approach for Business and Leisure Travelers;
- Comprehensive Selection of Service and Product Offerings;
- Large and Loyal Customer Base;
- Integrated Technology Platform; and
- Experienced management team with an established track record.
Company Promoters
- THCL Travel Holding Cyprus Limited
- Asia Consolidated DMC Pte. Ltd
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 143.61 | 210.41 | -118.86 | 13.11 |
| 31 March 2022 | 218.81 | 244.97 | -30.78 | 35.86 |
| 31 March 2023 | 397.46 | 385.18 | 7.63 | 153.07 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 205.8 |
| Market Cap (₹ Cr.) | 2228.21 |
| ROE | 18.1 |
| ROCE | 26.0 |
| Debt/Equity | 0.9 |
| EPS (Rs) | 0.69 |
| RoNW | 4.50 |
Object Of The Issue
- Strategic investments, acquisitions and inorganic growth;
- Investment in customer acquisition and retention, technology, and other organic growth initiatives; and
- General corporate purposes.
Yatra Online IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 1 | Easy Trip Planners Limited | 56.53 |
Yatra Online IPO Promoter Holding
| Pre Issue Share Holding | 98.59% |
| Post Issue Share Holding | 64.46% |
Yatra Online IPO Prospectus
Company Contact Information
| Yatra Online Limited B2/101, Marathon Innova, Marathon Nextgen Complex B Wing, G. Kadam Marg, Opp. Peninsula Corp Park, Lower Parel (W), Mumbai – 400013 Phone: +91 22 44357700 Email: investors@yatra.com Website: https://www.yatra.com/ |
Yatra Online IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: yatra.ipo@linkintime.co.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
Yatra Online IPO Lead Manager(s)
| 1. SBI Capital Markets Limited 2. Dam Capital Advisors Ltd 3. IIFL Securities Ltd |
Yatra Online IPO FAQs
| What is Yatra Online IPO? Yatra Online IPO is a main-board IPO. The issue is priced at ₹135 to ₹142 per equity share. The IPO is to be listed on BSE & NSE. |
| When Yatra Online IPO will open? The IPO is to open on 15 September 2023 for QIB, NII, and Retail Investors. |
| What is Yatra Online IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the Yatra Online IPO? You can apply Yatra Online IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Yatra Online IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Yatra Online”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Yatra Online IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Yatra Online”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Yatra Online IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Yatra Online”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Yatra Online IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Yatra Online”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Yatra Online IPO Size? Yatra Online IPO size is ₹775 Crore. |
| What is Yatra Online IPO Price Band? Yatra Online IPO Price Band is ₹135 to ₹142. |
| What is Yatra Online IPO Minimum and Maximum Lot Size? The minimum bid is 105 Shares with ₹14,910 amount while the maximum bid is 1,365 shares with ₹1,93,830. |
| What is the Yatra Online IPO Allotment Date? Yatra Online IPO allotment date is 25 September 2023. |
| What is the Yatra Online IPO Listing Date? Yatra Online IPO listing date is 28 September 2023. The IPO is to list on BSE and NSE. |
