Business
Yatra Online Limited Announces Full Subscription of its Indian IPO of INR 7750 Million (~US$93 Million)
Mumbai, India and New York, New York--(Newsfile Corp. - September 20, 2023) - Yatra Online Limited ("Company" or "Issuer"), a subsidiary of Yatra Online,
About this update from Yatra Online, Inc.
[{"type":"text","content":"Mumbai, India and New York, New York--(Newsfile Corp. - September 20, 2023) - Yatra Online Limited (\"Company\" or \"Issuer\"), a subsidiary of Yatra Online, Inc., (NASDAQ: YTRA), India's largest corporate travel services provider in terms of number of corporate clients and the third largest online travel company in India among key OTA players in terms of gross booking revenue and operating revenue, for Fiscal Year 2023 (Source: CRISIL Report), today announced that it had successfully closed its Indian Initial Public Offering will full subscription of INR 7750 Million (~US$93 Million).\nSBI Capital Markets Limited, DAM Capital Advisors Limited and IIFL Securities Limited are the book running lead managers and Link Intime India Private Limited is the Registrar to the Offer. The Equity Shares are proposed to be listed and commence trading on BSE and NSE on September 27th 2023.\nDISCLAIMER: YATRA ONLINE LIMITED is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a draft red herring prospectus dated March 24, 2022 (\"DRHP\") with the Securities and Exchange Board of India (\"SEBI\") and the red herring prospectus dated September 8, 2023 (\"RHP\") with the Registrar of Companies, Maharashtra at Mumbai, read with Corrigendum to RHP published along with price band advertisement dated September 11, 2023.\nThe RHP shall be made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLMs i.e., SBI Capital Markets Limited at www.sbicaps.com, DAM Capital Advisors Limited at www.damcapital.in and IIFL Securities Limited at www.iiflcap.com and the website of the National Stock Exchange of India Limited at www.nseindia.com and the website of the BSE Limited at www.bseindia.com and on the Company website at www.yatra.com. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, see \"Risk Factors\" beginning on page 31of the RHP. Potential investors should not rely on the DRHP for any investment decision.\nThe Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933 (the \"U.S. Securities Act\") or any state securities laws in the United States, and unless so registered, and may n...