Yatra Online Limited

About Yatra Online Limited IPO Incorporated in 2005, Yatra Online Limited is India’s largest corporate travel services provider in terms of the number of corporate clients. It is also the third-largest online travel company in India and has the largest number of hotel and accommodation tie-ups amongst key domestic online travel agency (OTA) players as on 31 March 2023. The company has over 21 lakh hotel and accommodation tie-ups, 813 large corporate customers and 49,800 registered SME customers in FY23. Its business strategy caters to B2C (business to consumer) and B2B (business to business, which includes business to enterprise and business to agents). It also provides online ticketing, booking and ancillary services through its website yatra.com. As of FY23, it provides access to hotels, homestays and other accommodations with ~1,05,600 hotels in 1,490 cities and towns in India and more than two million hotels globally. The company saw a CAGR rise of 44% in its revenue from operations in the last three fiscal years and an adjusted EBITDA margin of 17% in FY23. Moreover, the Indian travel industry is expected to grow annually at a CAGR of 9% to 11% between FY23 and FY28, which could benefit the company. And now, Yatra Online Limited is coming out with its initial public offer (IPO). The IPO will be an offer for sale as well as a fresh issue. The money raised through the fresh issue will be utilised for strategic investments, customer acquisition and general corporate purposes. Its shares will be listed on the NSE and the BSE. Here are key details about the Yatra Online IPO: Company Name Yatra Online Limited Company Type Private Company Established On 2005 Yatra Online Limited IPO Opening Date 15th September, 2023 Yatra Online Limited IPO Closing Date 20th September 2023 Yatra Online Limited IPO Allotment Status 25th September 2023 Credit of Shares to the Demat Account 27th September 2023 Yatra Online Limited IPO Listing Date 29th September,2023 Yatra Online Limited IPO Face Value ₹ 1 per share Yatra Online Limited IPO Lot Size 105 shares Yatra Online Limited IPO Issue Size Approx ₹775 crore Yatra Online Limited IPO to be Listed on BSE, NSE Yatra Online Limited IPO Price band ₹135 – ₹ 142 per share Financial snapshot Particulars FY 21 FY 22 FY 23 Revenue ₹ 125 crore ₹ 198 crore ₹ 380 crore Net Profit/Loss ₹ -118 crore ₹ -30.7 crore ₹ 7.6 crore A quick look at Yatra Online Limited IPO’s strengths, risks and threats Strengths Trusted brand with a proven track record and targeted marketing strategy so that 90% of its total traffic came from direct and organic traffic in FY23. Its B2B and B2C strategy enables it to cost-effectively target India’s most frequent and high-spending travellers, namely, educated urban consumers. The integrated technology platform allows it to aggregate consumer demand from over 29,800 travel agents in 1,000+ cities across India as of 31 March 2023. Large and loyal customer base with 14 million cumulative travel customers served as of 31 March 2023 and a customer retention rate of 98% for corporate accounts in FY23. Risks and threats Experienced negative cash flows from operating activities in FY22 and FY23; and from investing activities in the last three years. Experienced restated losses of ₹118 crore and ₹30 crore in FY22 and FY23 respectively. Company is significantly dependent on airline ticketing for its revenue. Revenue from the airline ticketing business ranged between 60 to 71% in the last two fiscal years. The COVID-19 pandemic had an adverse effect on the business, financial performance and liquidity position of the company. Operates in a highly competitive industry and faces competition from Cleartrip, Easy Trip Planners, Thomas Cook India, FCM Travel Solutions (India), GBT India, CWT India, MakeMyTrip (India), and Le Travenues Technology. Yatra Online Limited IPO details | Yatra Online Limited IPO date According to the offer document filed by the company with the SEBI, the Yatra Online IPO’s opening date – in other words, the Yatra Online IPO launch date – will be 15th September 2023. The Yatra Online IPO closing date is 20th September 2023. After this, investors will be updated about the allotment status on 25th September 2023. Investors, who have been allotted shares, can expect them to be credited to their demat account on 27th September 2023. The Yatra Online IPO listing date is 29th September 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. | Yatra Online Limited IPO price band The IPO is an offer for sale as well as a fresh issue. The Yatra Online IPO price band has been set between ₹135 and ₹142 per share. Interested investors can choose a price within this band to apply for the IPO. The Yatra Online IPO listing price will be determined on 29th September 2023. The listing price is the price at which a company’s shares debut on the stock exchanges. | Yatra Online Limited IPO lot size The Yatra Online IPO details have been declared. The Yatra Online IPO lot size is set at 105 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Yatra Online IPO issue size is approx ₹775 crore. How to pre-apply for the Yatra Online Limited IPO? You can pre-apply for the Yatra Online Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO: Login to your Upstox account, using your six-digit PIN After successfully logging in, click on ‘Discover’ On the Discover tab, you will find the ‘Invest in IPO’ section Under the Invest in IPO section, look for the ‘ Yatra Online Limited IPO’ tab and click on it Now fill in all the required information, like ‘bid price’ and ‘lot size’ Confirm and click on ‘Pre-Apply’ Accept the mandate on your UPI app How to apply for the Yatra Online Limited IPO? If you are interested in this investment opportunity but unsure how to apply for the Yatra Online Limited IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Yatra Online Limited IPO on Upstox: Login to your Upstox account, using your six-digit PIN After successfully logging in, click on ‘Discover’ On the Discover tab, you will find the ‘Invest in IPO’ section Under the Invest in IPO section, look for the ‘ Yatra Online Limited IPO’ tab and click on it Now fill in all the required information, like ‘bid price’ and ‘lot size’ Confirm and click on ‘Apply’ Accept the mandate on your UPI app How to check the Yatra Online Limited IPO allotment status? When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the Yatra Online Limited IPO allotment status: Login to your Upstox account, using your six-digit PIN After successfully logging in, click on ‘Discover’ On the Discover page, you will find the ‘Invest in IPO’ section Under the Invest in IPO section, you will find the ‘View all’ option Once you click on ‘View all’, you will be directed to the ‘IPO’ tab In the ‘IPO’ tab, click on ‘My applications’ In ‘My applications’, under the History section, your Yatra Online Limited IPO allotment status will be mentioned Open a demat account with Upstox to apply for the Yatra Online Limited IPO To apply for the Yatra Online Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox: Click here to visit the demat account opening page on the Upstox website. Enter your phone number and other essential details to begin opening a demat account. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. Complete the e-verification using the OTP sent to your registered mobile number. This is all it takes to open a demat account with Upstox. Easy and quick, right? Upstox – trading app to apply for the Yatra Online Limited IPO Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the Yatra Online Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.