Online Yatra IPO to open on September 15: Here is all you need to know

Yatra Online IPO: Online travel agency Yatra Online will launch its initial public offering (IPO) on September 15, and the size of the IPO is Rs 602 crore. The IPO of the company comprises of an offer for sale (OFS) of 1,21,83,099 equity shares by the promoters and one investor. While the face value of the equity shares is Re 1 each, the company will be announcing the price band of the IPO over the next few days, according to media reports.

Travel Holding Cyprus Limited (THCL), which is the promoter in Online Yatra, will offload 17,51,739 equity shares, while investor Pandara Trust- Scheme I represented by its trustee Vistra ITCL (India) will offload its entire 4,31,360 shares from the travel service provider, according to the red herring prospectus.

Yatra Online IPO Details 

According to the red herring prospectus, the IPO will open on September 15 while bidding will open for anchor investors on September 14. The closing date for the bidding is September 20, and the allotment will be conducted on September 25.

The refunds will be initiated on September 26 and shares will get credited to the Demat accounts by September 27. The listing date is 29 September.

Media reports have said that not less than 75 per cent of the net offer will be reserved for Qualified Institutional Buyers (QIB). As many as 15 per cent of the net offer will be reserved for Net Institutional Investors (NII) and 10 per cent of the net offer will be reserved for Retail Investors.

Yatra Online has already raised Rs 62.01 crore from a rights issue as it allotted 26,27,697 shares to THCL. The price for the pre-IPO placement was set as Rs 236 each.

The company will use the funds raised via IPO towards strategic investments, acquisitions, and inorganic growth initiatives. 

It further plans to make investments in customer acquisition and retention, technology, and other organic growth initiatives. It also aims to use the funds for general corporate purposes.