Yatra Online Limited is India’s top corporate travel services firm and the second largest online travel company among main OTA competitors for Fiscal 2020 in terms of gross booking revenue and operating revenue. Yatra Online IPO will hit the stock market in August 2022.
Table of Contents
About Yatra Online
Yatra Online limited is consider India to be one of the world’s largest and fastest-growing economies, with a sizable middle class, rising disposable income, and a quickly expanding online consumer market.
Due to the influence of COVID-19, India’s GDP growth is predicted to rebound to 9.5 percent in FY22 from 7.3 percent in FY21. Yatra Online limited have strategically focused on both the business and consumer markets, given the size and development dynamics of the India travel market.
With about 700 big corporate customers and over 46,000 registered SME customers, they are India’s foremost corporate travel service provider and the country’s second largest consumer online travel business (OTC) in terms of gross booking revenue for Fiscal 2020. (Source: CRISIL Report).
Clientele
Their B2C and B2B go-to-market approach covers the whole travel and hospitality value chain (business to business which includes business to enterprise and business to agents).
They claim that by combining their B2C & B2B channels, they can cost-effectively target India’s most frequent & high-spending travellers, particularly educated urban consumers.
Over 7.00 million individuals work for their roughly 700 large corporate clients, who together with their families make up India’s consuming upper middle class.
Furthermore, by leveraging their integrated technology platform to aggregate customer demand from over 28,000 travel agents in more than 840 cities across India, their travel agent network gives further scale to their business.
With approximately 2,094,000 hotel and accommodation tie-ups, they have the most among major OTA players.
App and Website
Yatra online’s mobile applications, website, www.yatra.com, and other offerings and services are used by leisure and business travellers to discover, research, compare prices, and book a wide range of travel-related services.
Domestic and international flight ticketing on practically all Indian and international airlines, as well as bus and rail ticketing, cab bookings, and ancillary services inside India, are all available.
With over 93,500 hotels in approximately 1,400 cities and towns in India and more than two million hotels globally, yatra online limited also offer exposure to hotels, homestays, and other facilities through their platform, making them the largest hotel inventory among important Indian OTA competitors (Source: CRISIL Report). To make sure Yarta online service is a “one-stop shop” for tourists.
Yatra Online IPO
Yatra Online Limited, headquartered in Mumbai has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of 750 Crore and 9,328,358 equity shares on 24 March 2022.
The offer includes a fresh issue of 750 Crore and there is an offer for sale (OFS) of 9,328,358 equity shares by the promoters mentioned in the DRHP. They are looking for a Pre-IPO placement 145 Crore in this issue.
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- Initial Public Offering
They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.
Financials Trends
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 497.91 | 562.91 | 878.07 | 1207.95 | |
| Total Revenue | 84.91 | 143.62 | 694.26 | 875.02 | |
| loss After Tax | (19.03) | (118.86) | (69.86) | (212.50) | |
Basic and Diluted Earnings Per Share
| Financial Period | Basic EPS (in INR) | Diluted EPS (in INR) | Weight |
| Financial Year 2021 | (11.08) | (11.08) | 3 |
| Financial Year 2020 | (6.62) | (6.62) | 2 |
| Financial Year 2019 | (23.07) | (23.07) | 1 |
| Weighted Average | (11.59) | (11.59) | |
| 30 Sep. 2021 | (1.71) | (1.71) |
Objects of the Issue
- Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
- To meet common corporate objectives.
Basis of the offer
They feel that the following qualitative factors and business strengths enable them to compete successfully in the industry, and that these factors and strengths will be used to calculate the Offer Price:
- A well-known brand with a successful track record and a well-targeted marketing strategy.
- Their Multi-Channel Synergistic Platform for Business and Leisure Travelers.
- A wide range of service and product options are available.
- A sizable and devoted customer base.
- Platform for Integrated Technology.
- An experienced management team with a proven track record.
- The largest hotel inventory in the United States.
- Corporate ties are important.
Yatra Online Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | Easy Trip Planners Limited | 91.04 |
- The P/E Ratio was calculated by dividing the Diluted EPS given by the closing market price of equity shares on the BSE on November 12, 2021.
- Consolidated financial statements from the relevant listed peer company’s annual report for the fiscal year ended March 31, 2021, as filed with the stock exchanges.
Yatra Online IPO Details
| IPO Opening Date | August 2022 |
| IPO Closing Date | August 2022 |
| Issue Type | Book Building |
| Face Value | 1 per share |
| IPO Price | 0 to 0 per equity share |
| Market Lot | – |
| Min Amount | – |
| Listing At | BSE, NSE |
| Issue Size | – |
| Fresh Issue | 750 Crore |
| Offer for Sale | 9,328,358 Equity Shares |
Yatra Online IPO Date
Yatra IPO opening date is August 2022, and the closing date is August 2022. The Yatra Online issue may list in August 2022.
| IPO Opening Date | August 2022 |
| IPO Closing Date | August 2022 |
| Basis of Allotment Date | August 2022 |
| Initiation of Refunds | August 2022 |
| Credit of Shares to Demat Account | August 2022 |
| IPO Listing Date | August 2022 |
Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 75 |
Roughly equivalent
|
| Non Institutional Investor | 15 |
Roughly equivalent
|
| Retail | 10 | Minimum 1 lot based on availability |
Yatra IPO Status
Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.
Here, you can find the Allotment Status of Yatra Online IPO.
Yatra Online IPO GMP
Yatra IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:
| Date | GMP (in Rs) | Subject to Sauda | Kostak (in Rs) |
| August 2022 | |||
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Check Out the GMP of all Other IPOs
Yatra IPO Review
Yatra IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of Yatra Online IPO is good or bad.
Yatra IPO Risk
- The COVID-19 epidemic has had, and will continue to have, a significant negative impact on the travel industry’s business, financial performance, and liquidity situation.
- The Indian travel business is extremely competitive, and it is possible that they would be unable to compete effectively in the future.
- They are exposed to the risks associated with Indian businesses, particularly those in the Indian travel industry, such as bankruptcies, restructurings, consolidations, and alliances of their partners, as well as the credit worthiness of these partners and the potential obligation to make payments to them.
- They rely on their airline tickets business, which accounts for a large portion of their earnings and is obtained from a small number of Indian airline suppliers.
Other Threats
- Air India has migrated its domestic inventory to a single GDS service provider platform; there is no guarantee that other airline suppliers would follow suit.
- The commissions and other payments we receive from airline suppliers (including our GDS service providers) for the sale of plane tickets could be decreased or removed, which could have a negative impact on their company.
- Their business relies on our partnerships with a diverse group of travel providers, and any negative changes in those relationships, or our failure to form new ones, could have a detrimental impact.
- The termination of the merger with Ebix Inc., as well as related legal processes, might have a material and negative impact on their Business and financial results.
Business Model
Their company is built on a single technology platform that allows them to serve their consumers through a variety of mobile apps and their website, www.yatra.com.
Their shared platform approach enables them innovate effectively by providing a scalable, comprehensive, and uniform user experience across all of their go-to-market channels.
They believe that by taking this strategy, users will become more familiar with their service, which will stimulate cross-selling and repeat usage, resulting in increased customer loyalty.
Because new products and services can be offered simultaneously across channels, this method has allowed them to decrease development costs and accelerate “time-to-market.”
Their technology platform was created with high levels of reliability, security, adaptability, integration, and innovation in mind.
Yatra IPO Brokerage views
once the dates will be announced we will update the views of different brokerage firms regarding this IPO. Here is the views of different stock brokers regarding this Yatra Online IPO:
- Yes Securities : Not Updated
- Choice Brokering: Not Updated
- Axis Securities: Not Updated
- IIFL Securities: Not Updated
- Trade swift: Not Updated
- Anand Rathi : Not Updated
- ICICI Securities: Not Updated
Yatra IPO Subscription Status
| Date | Day | QIB | NII | Retail | Employees | Total Subscription |
| August 2022 | 1 | |||||
| August 2022 | 2 | |||||
| August 2022 | 3 |
Yatra Online Management
They are a well-managed business founded by seasoned travel specialists. Their senior management team is made up of industry leaders with extensive roots in the travel industry, with a combined 90 years of experience working with organisations like Ebookers.com, Ford Motors, Arthur Andersen, and Carlson Wagonlit.
They consider that their management’s knowledge, industry relationships, and skill in identifying, evaluating, and executing on new opportunities provide them with way to expand naturally as well as through strategic acquisitions that enhance or improve their existing operations.
They are backed by THCL and Asia Consolidated DMC Pte. Ltd to remain financial strong.
Promoters
- THCL
- Asia Consolidated DMC Pte. Ltd
Promoter’s Holding
| Pre Issue Share Holding | 98.55% |
| Post Issue Share Holding |
Yatra Online Limited Prospectus
Contact Details
Yatra Online Limited
B2/101, 1st Floor, Marathon Innova,
Marathon Nextgen Complex B Wing, G. Kadam Marg,
Opp. Peninsula Corp Park, Lower Parel (W),
Mumbai – 400013, Maharashtra; India
Tel: +91 22 44357700
E-mail: [email protected]
Website: www.yatra.com
Registrar
Link Intime India Private Limited
C-101, 1st Floor 247 Park,
Lal Bahadur Shastri Marg
Vikhroli (West) Mumbai 400083
Maharashtra, India
Tel: +91 22 4918 6200
E-mail: [email protected]
Website: www.linkintime.co.in
Lead Manager(s)
- SBI Capital Markets Limited
- DAM Capital Advisors Limited
- IIFL Securities Limited
We hope we are able to answer all your questions about Yatra Online IPO. If you don’t have a Demat account, open it now with Zerodha best trading app of India.
Disclaimer
The reference of IPO Grey Market Premium (IPO GMP) is only valid for the date specified in the header.
On the IPO Grey Market, we do not purchase or sell IPO forms.
The Kostak Rate is the profit earned by selling an IPO application (in an off-market transaction) to somebody else before the issue is allotted or listed.
Do not subscribe to an IPO based solely on the premium price, as it may alter at any time before to the listing. Only consider the fundamentals of the companies when subscribing.
The GMP rates for IPOs are based on market intelligence. Please keep in mind that these IPO GMP rates may vary by geography and market.
Note:
Profit must do not engage in grey market trading or facilitate the purchase or sale of IPO forms. We don’t endorse such activities at all. We are sticky against such activities & never advise anyone to trade in grey market at all.
FAQ
Yatra IPO Opening Date?
Yatra IPO will open in August 2022.
Yatra IPO Listing Date?
Yatra IPO will list in August 2022.
Yatra IPO GMP Today?
Yatra Online IPO Grey Market Premium is INR 0 .
Yatra IPO Allotment Date?
Yatra IPO basis of allotment will be in August 2022.
Lot size for Yatra IPO?
Lot size for Yatra IPO is 0.
