Yatra Online Ltd’s initial public offering (IPO) is not attracting much interest from investors, with only the retail segment being fully subscribed thus far.
The Yatra Online IPO, valued at ₹775.00 crore, commenced on September 15 and is set to conclude on Wednesday, September 20.
Yatra Online stands as one of India’s major corporate travel service providers, offering comprehensive travel solutions to both corporate clients and individual consumers.
Distribution of IPO Shares
In the IPO, the company allocated 75% of the shares to Qualified Institutional Buyers (QIB), 15% to Non-Institutional Investors (NII), and 10% to Retail Investors.
Subscription Status of Yatra Online IPO
As of the final day of bidding on Wednesday, the Yatra Online IPO garnered a total subscription of 1.61 times the offered shares. Notably, the public issue received bids for 4,98,92,430 equity shares against the 3 crore shares on offer, according to data from BSE.
The retail category was subscribed 2.11 times, while the NII category saw a 42% subscription rate, and QIBs subscribed about 2.05 times.
Grey Market Premium (GMP) for Yatra Online IPO
The Grey Market Premium (GMP) for Yatra Online IPO today is ₹0, indicating that shares are trading at the same price as the IPO’s issue price of ₹142, with no premium or discount.
Important Dates for Yatra Online IPO
Yatra IPO opened for subscription on September 15 and will conclude today. The company is expected to determine the basis of IPO share allocation on September 25 and process refunds on September 26.
Shares will be credited to the demat accounts of eligible allottees on September 27. Yatra Online Ltd is set to be listed on BSE and NSE on September 29.
IPO Price Band and Lot Size
The price band for Yatra Online IPO is fixed at ₹135 to ₹142 per equity share, with a face value of Re 1 each. The public issue’s lot size is 105 equity shares, and retail investors need a minimum investment of ₹14,910.
Expert Opinion on Yatra Online IPO
According to Arihant Capital Markets, Yatra Online has established a distinctive approach in both B2B and B2C segments, reflecting a substantial market potential.
The company’s increased focus on high-margin corporate business is expected to drive robust bottom-line growth in the future. The B2B segment is projected to grow at a 5-year CAGR of 15%.
The offer is priced at approximately 30.9x post-IPO EV/EBITDA at the upper price band. Arihant Capital Markets recommends investors to subscribe for potential listing gains.