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Yatra Online Limited IPO
Yatra Online, a well-known online company, has filed preliminary documents with SEBI in order to collect funds and become publicly traded in India after previously being listed on NASDAQ. The offering consists of fresh issuance of equity shares worth Rs.750 crores and a secondary sale of up to 88 lakh equity shares by THCL Travel Holding Cyprus Limited, a subsidiary of Yatra Online, Inc., representing approximately 8% of Yatra Online Limited's outstanding shares. In December 2016, Yatra Online was listed on the New York Stock Exchange. The business may explore issuing additional equity shares, including a private placement of up to Rs.145 crore, which would lower the initial issue size indirectly. The issue's book running lead managers are SBI Capital Markets Ltd, DAM Capital Advisors Ltd, and IIFL Securities Ltd.
Opening Date
To be announced
Closing Date
To be announced
Price Band
To be announced
Issue Size
To be announced
Face Value
To be announced
Market Lot
To be announced
Opening Date
To be announced
Closing Date
To be announced
Price Band
To be announced
Issue Size
To be announced
Face Value
To be announced
Market Lot
To be announced
Listing at NSE, BSE
Yatra Online Limited IPO Important Dates
| IPO Open Date | To be announced |
|---|---|
| IPO Close Date | To be announced |
| Allotment Date | To be announced |
| Initiation Of Refunds | To be announced |
| Credit Of Shares To Demat Account |
To be announced |
| IPO Listing Date | To be announced |
| UPI Mandate Expiry Date | To be announced |
About Yatra Online Limited
Yatra Online, Inc. is the ultimate parent company of Yatra Online Limited, which has its headquarters in Gurugram, India, and is one of India's major corporate travel service providers, with over 700 significant corporate clients. For domestic and international air travel, domestic and international hotel bookings, holiday packages, buses, trains, in city activities, inter-city and point-to-point taxis, homestays, and cruises, the firm provides information, price, availability, and a booking option. According to the official release, the firm is India's largest platform for domestic hotels, with around 94,000 hotels and homestays contracted in approximately 1,400 locations throughout India and more than 2 million hotels worldwide. To further expand its corporate service offerings, Yatra Freight, a freight forwarding firm, was recently created.
The company promised to create a "one-stop shop" for its consumers by offering holiday packages as well as other services including visa assistance, excursions, sightseeing, performances, and events. The technological platform was created with high dependability, security, scalability, integration, and innovation in mind. We run a unique eCash loyalty programme that allows passengers who book through our platform to accrue and redeem points, when available, to increase customer loyalty and provide an incentive for the workers of our corporate clients to trade with us as B2C customers.
Yatra Online Limited IPO Objectives
The business intends to use the net proceeds from the new offering to:
1. Strategic investments, acquisitions and inorganic growth.
2. Investment in customer acquisition and retention, technology, and other organic growth initiatives.
3. General corporate purposes.
Why should you invest in the Yatra Online Limited?
- India ranked seventh worldwide in total tourism spending in the calendar year 2020. As a percentage of GDP, tourism spending was 6.9% in the calendar year 2019. Travel and tourism GDP fell 36.3% on year in 2020, owing to the pandemic. And numbers are only getting better post-2021.
- Online penetration in the Indian travel market is likely at 71-72% in fiscal 2025.
- Indian online ticketing market to grow at 9-11% CAGR between fiscals 2020 and 2025.
Financial Highlights
| Particulars (in Rs. Crores) | FY21 | FY20 | FY19 |
|---|---|---|---|
| Revenue | 125.5 | 673.3 | 844.7 |
| EBITDA | -49.7 | -24.6 | -49.7 |
| PAT | -118.9 | -69.9 | -212.5 |
| Total Assets | 562.9 | 878.1 | 1208.0 |
| Share Capital | 11.1 | 10.6 | 10.2 |
| Total Borrowings | 13.1 | 98.5 | 99.8 |
| Net cash generated from / (used in) operating activities | 104.1 | -42.7 | -409.4 |
| Net cash from / (used in) investing activities | -21.1 | 12.5 | -64.1 |
| Net cash flow from / (used in) financing activities | 6.5 | 31.5 | 358.3 |
| Net increase (decrease) in cash and cash equivalents | 89.5 | 1.3 | -115.3 |
How to apply for Yatra Online Limited IPO
To start trading, investors have two ways to choose from. They either can opt for UPI or create a Demat account. The details are as follows:
UPI
- Step 1: Link a UPI ID to your bank account.
- Step 2: Add your UPI ID to your Demat account.
- Step 3: Subscribe for Delhivery IPO and accept the payment request on your UPI ID.
Demat Account
- Open a DEMAT Account for free with Angel One if you are a new investor.
Yatra Online Limited IPO Noteworthy Highlights:
- As of October 29, 2021, the company is India's largest corporate travel services provider and the second largest online travel company among key OTA players in terms of gross booking revenue and operating revenue for Fiscal 2020, with over 2,094,000 hotel and accommodation tie-ups among key OTA players.
- As of September 30, 2021, the company has serviced roughly 12 million total travel clients, with more than half of them enrolled in its eCash rewards program. During the period April to September 2021, they also had a booking success rate of 98.7% in the B2C channel for domestic transactions on their websites and mobile applications.
The Brand’s Pros & Cons:
| Pros | Cons |
|---|---|
| Trusted brand with a track record of success and a well-targeted marketing plan. | The Indian tourism sector is extremely competitive, and it may be unable to compete effectively in the future. |
| A large and devoted customer base. | Exposed to the risks associated with Indian firms, particularly those in the Indian travel sector, such as partner bankruptcies, restructurings, consolidations, and partnerships. |
| A multi-channel synergistic go-to-market strategy for business and leisure travellers. | Reliance on its airline ticketing industry, which accounts for a large portion of our revenue and is sourced from a small number of Indian airline suppliers. |
| A platform for Integrated Technology. | The transition of airline suppliers' domestic inventory to a single GDS service provider platform. |
| A wide range of services and products are available. | We may be able to decrease or eliminate commissions and other fees we receive from airline suppliers (including our GDS service providers) for the sale of flight tickets. |
Competitive Analysis: Market Peers
| Name of the company | Total Revenue (in Rs. crores) | Basic EPS | NAV Rs. per share | PE | RoNW % |
|---|---|---|---|---|---|
| Yatra Online Limited | 143.62 | -11.08 | 11.13 | NA | -0.96% |
| Easy Trip Planners Limited | 150.76 | 5.62 | 14.97 | 91.04 | 37.51% |
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