The $775 crore Yatra IPO (Online public issue) will open today. In addition, the online travel company has quoted a price per share of Rs 135 – 142, in its initial offering, which ends on September 20. However, a minimum of 105 equity shares are allowed per investor.
Yatra IPO
Moreover, the fresh issuance is worth Rs 602 crore, and the Offer for Sale of up to 1.22 crore shares. Rs. 150 crore generated from the fresh issue will be used for strategic investments, acquisitions, and inorganic growth. Rs. 392 crore in investment in customer acquisition and retention, technology, and other organic growth initiatives remaining for general corporate purposes.
In conclusion, the anchor investors paid Rs. 142 per share so with a total of 2.5 crore shares the company raised Rs. 348.75 crore.
Some of the foreign and domestic anchor investors are :
ICICI Prudential,
Mirae Assets,
Tata Funds,
Bandhan Funds,
Max Life Insurance Funds,
Bajaj Allianz Life Insurance Company Limited,
Massachusetts Institute of Technology,
Edelweiss Trusteeship fund, Morgan Stanley Asia (Singapore) Pte,
Elara India, Whiteoak Capital Fund, Goldman Sachs (Singapore) Pte,
BOFA Securities Europe SA,
Bajaj Allianz General Insurance Company Limited,
Quantum State Investment Fund,
Societe General,
BNP Paribas.
Yatra is an online travel website with many users and it has all-inclusive holiday packages so it is quite famous. It has 24 x 7 customer support so managed to gain customers’ trust. Therefore, with the Yatra IPO opening today there seems to be a stir in the market. Customers can book hotels, homestays, and other accommodations. Therefore, it has proven to be a convenient choice for booking holidays. In other words, it provides a one-stop solution. Yatra has 105,600 hotels currently listed which makes it a key player. Above all, a leader in travel bookings. In addition, it also provides visa facilitation, tours, sightseeing, shows, and events.
