Yatra Online IPO:Travel service providing company Yatra Online (Yatra Online IPO) is coming with IPO. The company’s issue is scheduled to open on September 15, 2023. The total size of this IPO is Rs 602 crore. The promoters of the company are also going to sell 1.21 crore equity shares through offer for sale. The thing to note is that the face value of these shares is Rs 1 per share.
When is IPO opening?
Yatra Online IPO is opening on 15 September 2023. You can invest in this issue till 15 September 2023. Whereas for anchor investors it will open only on September 14, 2023. It is worth noting that the company’s promoter THCL Travel Holding Cyprus is going to sell its 17,51,739 equity shares through Offer for Sale. Apart from this, Pandara Trust Scheme will also sell its 4,31,360 equity shares. The company has not yet announced the price band of the IPO, but its information will be known soon.
When will the shares be listed?
Investors can invest in this issue between 15th and 20th September. Talking about allotment of shares, it will be done on September 25, 2023. Whereas those investors who will not get allotment of shares, their money will be returned on 26th September. Shares will be credited to the demat account of 27 subscribers on 27th September. The listing of shares will take place on September 29, 2023.
According to media reports, 75 percent of this issue has been reserved for Qualified Institutional Buyers (QIB), 15 percent for Net Institutional Investors and the remaining 10 percent for retail investors. Rs 62.01 crore has been collected through pre-IPO placement of Yatra Online. In this, 26,27,697 shares have been allotted to THCL at the rate of Rs 236 per share.
What will the company do with the funds
The thing to note is that the company will use the money raised through IPO for investment, acquisition and growth. Apart from this, the fund will also be used to meet general corporate needs. Let us tell you that Yatra is the largest online travel company in the country in terms of number of online customers.
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