Yatra To Go Public On September 15


Digital portal Yatra to launch its Initial Public Offering (IPO) on September 15. It will open for subscription till September 20. The company has fixed the price band at Rs 135 –Rs 142 per equity share.

The information has also disclosed that around Rs 602 crore worth of equity shares would be freshly issued and 12,183,099 shares would be open for Offer for Sale (OFS).

In the Pre-IPO placement round, Yatra has booked rights issue at a cost of Rs 62.01 crore after which, 2,627,697 equity shares of face value Rs 1 were allotted to its promoter, THCL Travel Holding Cyprus on December 10, 2022 at a final issue price of Rs 236 per share.

However, the company has mentioned that in the forthcoming IPO, investors could bid for a minimum of 105 equity shares and in multiples of 105 equity shares in the following stage. The final price range of IPO is expected to touch 775 crore.

In FY23, Yatra online’s registered its consolidated revenue at Rs 380 crore, a significant rise from previous fiscal’s revenue of Rs 198 crore. So far, the startup recorded a profit of Rs 7.6 crore in the current fiscal year.

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