Indicated by: Mohammed Haris
Last updated: Sep 15, 2023 12:21 IST
Yatra Online IPO Day 1: The primary market is currently busy with successive IPOs. The latest offering to hit the market today is Yatra Online IPO. The IPO of travel service provider Yatra Online opened on Friday, September 15. Investors can register for the Yatra Online IPO until September 20 at 4:50 PM. The price band for the Rs 775 crore IPO has been set at Rs 135-142 per share.
As of 12 noon on Friday, Yatra Online IPO has been subscribed at 3 percent with bids received for 9,34,815 shares against a total of 3,09,42,356 shares on offer.
Yatra Online IPO important dates, price
Yatra IPO opens on Friday (September 15) and closes on Wednesday (September 20). The IPO allocation will take place on September 25. The shares will be listed on BSE and NSE on September 29.
The price band for the IPO has been set at Rs 135-142 per share. Investors must request a minimum of 105 shares. The Rs 775 crore IPO includes a fresh issue of shares worth Rs 602 crore as well as an offer for sale of Rs 173 crore.
Yatra Online IPO GMP today
According to market observers, Yatra Online’s current gray market premium is zero. It means that the gray market does not expect any listing profit from the public issue. Importantly, the GMP of unlisted shares is constantly changing based on market sentiment.
The ‘gray market premium’ indicates that investors are willing to pay more than the issue price.
Yatra IPO Investor Quota
Of the total 5,45,77,464 shares on offer, 45 percent were for anchor investors, 30 percent for qualified institutional buyers, 15 percent for non-institutional investors and 10 percent for retail investors.
Yatra IPO: Should You Invest?
Brokerage Anand Rathi gave a ‘Subscribe-Long Term’ rating to the IPO and said in a note: “We believe there is a scope of business improvement for Yatra on the back of industry tailwinds, brand recall and business scalability, resulting in EBITDA expansion margin from now on.”
It added that the company is valued at a higher range at a price-to-earnings ratio of 219x, while on a market cap/revenue basis it is valued at 5.8x after share issuance, compared to its peer (Easy Trip Planners – 15 .7x). FY23 basis.
Another brokerage, BP Equities, also gave a ‘Subscribe’ rating to Yatra Online IPO. The note states: “With the growth in the tourism sector, we expect the online travel market share (OTA) to rise faster than domestic players, improving the company’s profitability. With the company posting profits in FY23 and strong past revenue growth, we remain positive on the company from a medium to long-term perspective. We therefore recommend a SUBSCRIBE rating for this song.”
It also said that Yatra Online, as one of the key players, is well positioned to capture a significant share of the growth in the tourism sector in India, thanks to its long-standing relationship with both B2B and B2C customers. This allows the company to target India’s most frequent and highest-spending travelers and educated urban consumers.