Yatra Online IPO
Yatra Online IPO — date, price band, lot size & details 2023
Yatra Online listed on 28 Sep 2023 at ₹127.5, 10.2% below the ₹142 issue price.
Yatra Online is the largest corporate travel service provider and the third largest online travel agent in India, booking flights, hotels, buses, trains and cabs. Its total income was Rs 397.47 crore in FY2023.
Stock price
Yatra Online is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 15 Sep 2023
- Close 20 Sep 2023
- Allotment 25 Sep 2023
- Refund/credit 26 Sep 2023
- Listing 28 Sep 2023
Issue summary
The terms of the offer, as filed.
| IPO Dates | 15 to 20 Sep, 2023 |
|---|---|
| Price Band | ₹135 – ₹142 |
| Face Value | ₹1 |
| Lot Size | 105 Shares |
| Issue Size | ₹775 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,910 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 105 shares at the ₹142 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 105 | ₹14,910 |
| Retail (max) | 13 | 1,365 | ₹1,93,830 |
| S-HNI (min) | 14 | 1,470 | ₹2,08,740 |
| S-HNI (max) | 67 | 7,035 | ₹9,98,970 |
| B-HNI (min) | 68 | 7,140 | ₹10,13,880 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 143.62 crore in FY2021 to Rs 397.47 crore in FY2023.
- 02The company turned from a loss of Rs 30.79 crore in FY2022 to a profit of Rs 7.63 crore in FY2023.
- 03Rs 602.00 crore of the Rs 775 crore issue was fresh capital for growth.
- 04It is the largest corporate travel service provider and the 3rd largest online travel agent in India.
- 05Net worth rose from Rs 100.93 crore on 31 March 2022 to Rs 169.52 crore on 31 March 2023.
Risks · 5
- 01The pre-issue P/E was 205.8 at the upper band of Rs 142, as per the source.
- 02Profit is thin, at Rs 7.63 crore in FY2023, after a loss of Rs 118.86 crore in FY2021.
- 03Total borrowing rose from Rs 35.86 crore on 31 March 2022 to Rs 153.07 crore on 31 March 2023.
- 04Online travel is highly competitive, and Rs 392.00 crore of the fresh money was planned for customer acquisition and technology.
- 05Promoter holding fell from 98.59% before the issue to 64.46% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Yatra Online offer document.
| Metric | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 681.25 | 547.78 | 562.91 |
| Total Income | 397.47 | 218.81 | 143.62 |
| Profit After Tax | 7.63 | -30.79 | -118.86 |
| NET Worth | 169.52 | 100.93 | 123.49 |
| Total Borrowing | 153.07 | 35.86 | 13.11 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Yatra Online RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Yatra Online IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| P/E Ratio (x) | 205.80 | 289.80 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹142 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹570.10 Cr of the issue is earmarked to named objects.
Yatra Online IPO Anchor Investors
33 anchor investors across 15 fund houses committed ₹348.73 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It offers domestic and international air ticketing, bus and rail tickets, cab bookings and hotel and homestay bookings through its website yatra.com, mobile apps and a corporate SaaS platform. It also launched a freight forwarding business, Yatra Freight.
Its clients include both businesses and consumers. Its promoters are THCL Travel Holding Cyprus and Asia Consolidated DMC.
The IPO was Rs 775 crore, with Rs 602.00 crore of fresh issue and Rs 173.00 crore of offer for sale by promoter THCL and investor Pandara Trust. Rs 392.00 crore was planned for customer acquisition, technology and organic growth, and Rs 150.00 crore for acquisitions.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Yatra Online IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
SBI Capital Markets Ltd.
141 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: ICICI Securities (-16.3%).
IIFL Capital Services Limited
146 issues handledBest listing: Unicommerce eSolutions (+117.6%). Weakest: ICICI Securities (-16.3%).
Dam Capital Advisors Ltd
70 issues handledBest listing: Go Colors (+89.9%). Weakest: Metro Brands (-12.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Yatra Online?
The current Grey Market Premium is ₹2.05, or 1% over the issue price.
What is the Yatra Online IPO price band?
₹135 to ₹142, on a face value of ₹1.
When is the allotment?
The basis of allotment is 25 September 2023, with listing on 28 September 2023.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
