Business
Yatra Online Limited's Initial Public Offering to Open on Friday, September 15, 2023, Sets Price Band at Rs 135 to Rs 142 per Equity Share
Mumbai, India and New York, New York--(Newsfile Corp. - September 12, 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 12, 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), has fixed the price band at Rs 135 to Rs 142 per Equity Share for its initial public offering. The initial public offering (\"IPO\" or \"Offer\") of the Company will open on Friday, September 15, 2023, for subscription and close on Wednesday, September 20, 2023. Investors can bid for a minimum of 105 Equity Shares and in multiples of 105 Equity Shares thereafter.\nThe initial public offering Equity Shares comprises of fresh issuance of Equity Shares worth Rs 6,020 Million and an Offer for Sale (OFS) of up to 12,183,099 Equity Shares. This is based on a pre-money valuation of Rs 16000 Million (~US$193 Million). Yatra Online Limited currently has 114.5 million shares outstanding pre-IPO. \nTHCL Travel Holding Cyprus Limited (\"THCL\"), one of the selling shareholders, is a wholly owned subsidiary of Yatra Online, Inc. Proceeds from the THCL OFS of up to 11,751,739 shares will accrue to Yatra Online, Inc.\nThe proposed IPO, including its terms and final size, is subject to market and other conditions, and there can be no assurance as to whether the IPO will be consummated in a timely manner or at all.\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 on BSE and NSE.\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 ...