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The Yatra Online IPO has opened for subscription today i.e. Friday, September 15 and will close on Wednesday, September 20. The company has set a price band between ₹135 and ₹142 per equity share of ₹1 face value. Yatra Online’s IPO raised ₹348 crore from anchor investors on Thursday. In this IPO of Yatra Online, there will be bidding for at least 105 shares. A minimum of Rs. 14,910 has to be invested.
According to Topsharebrokers.com, the Yatra IPO GMP today or gray market premium was ₹0, which meant the shares were trading at their issue price of ₹142 without any premium or discount in the gray market. A ‘grey market premium’ represents the willingness of investors to pay more than the issue price.
Also read: Investors jump on IPO at ₹65, subscribed 180 times, shares roar in gray market, listings will be bumper!
The Yatra Online IPO has reserved at least 75% of the shares in the public issue for QIBs, not more than 15% for non-institutional investors (NIIs). Not more than 10% of the offering is reserved for retail investors. The lot size of Yatra IPO is 105 equity shares followed by multiples of 105 equity shares.
Yatra IPO Details
Shares worth ₹602 crore will be issued in the Yatra Online IPO. It involves an offer for sale (OFS) of up to 12.2 million shares by the promoter and existing investors. The Company intends to use the net proceeds from the offering for strategic investments, acquisitions and inorganic expansion as well as for general corporate purposes, customer acquisition and retention, technology and other organic growth activities. SBI Capital Markets Limited, DAM Capital Advisors Limited and IIFL Securities Limited are the book running lead managers to the offer. Link Intime India Private Limited is the Registrar of the Offer.
Yatra Online IPO Review: According to brokerage house, BP Equities Pvt Ltd, Yatra Online offers a wide range of travel related products and services to meet the demand of customers traveling domestically and internationally as well as within the country. Customers have access to a wide range of company tools and information to plan, research, reserve and purchase travel-related goods and services in and outside India.