Yatra Online IPO

Yatra Online Limited

₹14,175 /105 sharesMinimum Investment

Yatra Online IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹142.00₹130.00-₹12.00 (8.45%)

Yatra Online IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
15 Sep ‘23 - 20 Sep ‘23₹14,175105₹135 - ₹142
Issue SizeIPO Doc
776.00Cr
RHP PDF

Subscription Status As on 20 Sep '23, 5:45 PM

  • Qualified Institutional Buyers
    2.05x
  • Non-Institutional Investor
    0.42x
  • Retail Individual Investor
    2.11x
  • Employees
    0.00x
  • Total
    1.61x

About Yatra Online

About the company: Yatra Online is a consumer travel company offering a wide range of travel-related services. The company operates as a comprehensive online travel agency, providing services such as flight bookings, hotel reservations, holiday packages, and more. The company caters to both leisure and business travelers. They provide various services through their mobile app and website. These services cover a wide range of travel-related needs, such as booking domestic and international airline tickets on various Indian and international carriers. Additionally, they offer bus and rail ticket booking, cab reservations, and additional services across India.;
Parent Organisation
Yatra Online Limited
Founded
2005
Managing Director
Mr. Dhruv Shringi

Strengths & Risks

  • Yatra Online has earned several prestigious awards and accolades, such as recognition from the Government of India's Ministry of Tourism, The Economic Times Best Brands 2022, and acknowledgment as a top business travel partner by the Singapore Tourism Board.
  • The company has served more than 14 million travelers as of March 31, 2023, with over half of them participating in the eCash loyalty program. They achieved a 97.8% booking success rate for domestic transactions through their websites and mobile apps during 2023.
  • In the corporate travel sector, the company has successfully catered to over 800 large corporate clients. Their customer retention rate for corporate accounts increased from 97% in 2021 to 98% in 2022 and 2023.
  • The company stands as India's largest corporate travel services provider. It ranks as India's third-largest online travel company for 2023 in terms of gross booking revenue and operating revenue.
  • As of March 31, 2023, they had established partnerships with more than 105,600 domestic hotels in approximately 1,490 cities across India.
  • The company's growth extends beyond India, as it recently formed Yatra Middle East LLC-FZ, a subsidiary aimed at expanding its business into new geographic markets outside of India.
  • Yatra Online has issued equity shares at potentially lower prices than the offer price within the last 12 months.
  • The company's future negative operating cash flows could harm its cash flow requirements.
  • A significant portion of the company's adjusted margin, accounting for 28.25% in 2023, comes from its B2B business. Changes in traveler preferences may negatively impact the demand for travel services and hotel rooms, potentially affecting the company's business.
  • Following the offer, the company's promoters, THCL and ACDPL, will retain a majority shareholding in the company, granting them significant influence.
  • Past restated losses and the possibility of future losses could harm the company's financial condition and cash flows.
  • The company heavily relies on its airline ticketing business, which generates a substantial portion of its revenues, and relies on a limited number of airline suppliers in India.
  • The company's financial statements include certain contingent liabilities that, if realized, could adversely affect its financial condition.
  • In November 2018, Air India ceased providing domestic reservation inventory to multiple GDS platforms, reducing the company's access to ticket inventory and related incentives. This change could lead to reduced commissions and fees from airline suppliers, impacting the company's business.
  • For the years ending March 31, 2023, 2022, and 2021, the company's top 5 customers contributed 9.12%, 5.71%, and 3.38% of total gross bookings, respectively. Additionally, purchases from the top five suppliers for the same years contributed 51.02%, 51.87%, and 75.25% of total gross bookings. Any downsizing by these customers may adversely affect the company's business and revenue.
  • Termination of the merger with Ebix Inc. and related legal proceedings could negatively impact the company's operational results.
  • The company has experienced delays in certain corporate filings in the past.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular135 - 142₹2 Lakh
High Networth Individual135 - 142₹2 - 5 Lakh
For Yatra Online IPO, eligible investors can apply as Regular.
ⓒ 2016-2023 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 4.5.1
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  GROWWMF |  SBI |  AXIS |  HDFC |  UTI |  NIPPON INDIA |  ICICI PRUDENTIAL |  TATA |  KOTAK MAHINDRA |  DSP |  CANARA ROBECO |  SUNDARAM |  MIRAE ASSET |  BANDHAN |  FRANKLIN TEMPLETON |  PPFAS |  MOTILAL OSWAL |  INVESCO |  EDELWEISS |  ADITYA BIRLA SUN LIFE |  LIC |  HSBC |  NAVI |  QUANTUM |  UNION |  IDBI |  ITI |  MAHINDRA MANULIFE |  360 ONE |  BOI |  TAURUS |  JM FINANCIAL |  PGIM |  SHRIRAM |  BARODA BNP PARIBAS |  QUANT |  WHITEOAK CAPITAL |  TRUST |  SAMCO |  NJ |  BAJAJ

ABOUT GROWW