Yatra Online Limited – Globe Capital Market LTD.
Yatra Online Limited
Closed
Price Band
₹135 to ₹142 per share
IPO Issue Period
15, Sep 2023 to 20, Sep 2023
Issue Size
₹ 775 Cr
Face value
₹1 per share
Fresh issue
₹602.00 Cr
Offer for sale
₹173.00 Cr
Minimum Shares for Retail
105 Shares
Listing on
NSE, BSE
Issue Type
Book Building
Registrar to the Issue
Link Intime India Private Ltd
Tentative Listing Date
Friday, September 29, 2023
QIB
75%
NII
15%
Retail
10%

SBI Capital Markets Limited
Dam Capital Advisors Ltd
Iifl Securities Ltd

Incorporated in 2005, Yatra Online Limited provides information, pricing, availability, and booking facilities 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. Yatra Online recently launched a freight forwarding business called Yatra Freight to further expand its corporate service offerings.

The company’s clientele includes both B2B and B2C customers, this enables the company to target India’s most frequent and high-spending travelers, namely, educated urban consumers. 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.

For year/ period ended ( in Cr.)

H1FY23 FY22 FY21
Total Revenue 397.47 218.81 143.62
Profit After Tax 7.63 -30.79 -118.86
EPS 0.69 -2.76 -11.08
OPM (%) 3.1% -10.1% -46.8%
PATM (%) 1.9% -14.1% -82.8%

 

  • Trusted brand with a proven track record and targeted marketing strategy;
  • Its 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
  1. Strategic investments, acquisitions, and inorganic growth,
  2. Investment in customer acquisition and retention, technology, and other organic growth initiatives, and
  3. General corporate purposes.

At the upper band of Rs. 142, the Company is valued at 205 times. Hence, investor can subscribe this IPO for long term perspective.

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