NEW DELHI: the IPO (IPO) of travel organization Yatra Online Ltd was 11 percent subscribed on the first bidding day on Friday.
The Rs 775 crore IPO received bids for 33,63,675 shares against 3,09,42,356 shares on offer, according to NSE data.
The private retail investor category received 55 percent enrollment, while the non-institutional investor quota received 3 percent.
The IPO has a fresh issue of up to Rs 602 crore and an offer for sale of up to 12,183,099 shares.
The IPO is in the price range of Rs 135-142 per share.
Yatra Online on Thursday said it has mobilized Rs 348.75 crore from anchor investors.
At the higher end of the price range, the IPO will raise up to Rs 775 crore.
Proceeds from the fresh issue worth up to Rs 150 crore will be used for strategic investments, acquisitions and inorganic growth and up to Rs 392 crore for investments in customer acquisition and retention, technology and other organic growth initiatives.
Yatra Online Ltd is a corporate travel services provider in terms of the number of corporate customers and the country’s third largest online travel company among major online travel players in terms of gross booking revenue and operating income.
The company’s shares will be listed on the BSE and NSE.
SBI Capital Markets, DAM Capital Advisors and IIFL Securities are managing the offering.
The Rs 775 crore IPO received bids for 33,63,675 shares against 3,09,42,356 shares on offer, according to NSE data.
The private retail investor category received 55 percent enrollment, while the non-institutional investor quota received 3 percent.
The IPO has a fresh issue of up to Rs 602 crore and an offer for sale of up to 12,183,099 shares.
The IPO is in the price range of Rs 135-142 per share.
Yatra Online on Thursday said it has mobilized Rs 348.75 crore from anchor investors.
At the higher end of the price range, the IPO will raise up to Rs 775 crore.
Proceeds from the fresh issue worth up to Rs 150 crore will be used for strategic investments, acquisitions and inorganic growth and up to Rs 392 crore for investments in customer acquisition and retention, technology and other organic growth initiatives.
Yatra Online Ltd is a corporate travel services provider in terms of the number of corporate customers and the country’s third largest online travel company among major online travel players in terms of gross booking revenue and operating income.
The company’s shares will be listed on the BSE and NSE.
SBI Capital Markets, DAM Capital Advisors and IIFL Securities are managing the offering.
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