Yatra IPO Records 11% Subscription On Day 1


According to NSE data, the Initial Public Offering (IPO) of travel company Yatra Online was subscribed 11 per cent on the first day of bidding on Friday. The Rs 775 crore IPO received bids for 33,63,675 shares against 3,09,42,356 shares on offer.

The category for retail individual investors received 55 per cent subscription, while the quota for non-institutional investors was subscribed to only 3 per cent. The offering consists of a fresh issue of up to Rs 602 crore and an offer for sale of up to 12,183,099 equity shares.

The IPO is in the price range of Rs 135-142 per share.

Yatra Online recently raised Rs 348.75 crore from anchor investors. The company’s IPO could generate up to Rs 775 crore. The company said that the fresh funds will be used for strategic investments, acquisitions, customer acquisition and retention, technology, and other growth initiatives.

Yatra Online is a corporate travel services provider. It is the third largest online travel company in the country among key online travel players in terms of gross booking revenue and operating revenue.

Categories: Other News

Tags: , , ,

Leave a ReplyCancel reply