Yatra Online IPO Subscription Now Open: Essential Details to Get Started

"The Yatra Online IPO Subscription Period Commences, Raising ₹775 Crore"

The subscription period for Yatra Online's initial public offering (IPO), valued at ₹775 crore, began on Friday and will continue until September 20. Following the IPO allotment, the shares are set to be listed on the Bombay Stock Exchange (BSE) on September 29.

Yatra Online, an online travel agency and travel search engine, was established in August 2006 and has its headquarters in Gurugram. The company's founders include Dhruv Shringi, Manish Amin, and Sabina Chopra.

Here's what you need to know about the Yatra Online IPO:

• Price Band Range: The IPO is priced in the range of ₹135 to ₹142 per equity share, each with a face value of Re 1.
• Grey Market Premium (GMP): Currently, there is no premium or discount in the grey market, with shares trading at their ₹142 issue size (GMP reflects investors' willingness to pay more than the issue price).
• Net Proceeds: The company aims to raise ₹775 crore through the IPO.
• Offer for Sale (OFS): The public offer comprises a fresh issuance of ₹602 crore worth of shares and an OFS of up to 12.2 million shares by a promoter and an existing investor.
• IPO Lot Size: The lot size is 105 equity shares, with multiples of 105 equity shares thereafter.
• Investor Quota: The allocation is not less than 75% for Qualified Institutional Buyers (QIBs), up to 15% for Non-Institutional Investors (NIIs), and a maximum of 10% for Retail Investors.
• Book Running Lead Managers: SBI Capital Markets, DAM Capital Advisors Limited, and IIFL Securities Limited.

Yatra Online intends to utilize the net proceeds for various purposes, including strategic investments, acquisitions, inorganic expansion, general corporate requirements, investments in customer acquisition and retention, technology enhancements, and other organic growth initiatives.