Yatra Online IPO

Upcoming

IPO Synopsis

Yatra Online, a renowned online firm, has filed its preliminary papers with SEBI to raise funds and get publicly listed in the Indian market after already being listed on NASDAQ.
The issue comprises fresh issue of equity shares worth Rs.750 crores and a secondary offering of up to 88 lakhs equity shares by THCL Travel Holding Cyprus Limited, a subsidiary of Yatra Online, Inc., which amounts to approximately 8% of the shares outstanding of Yatra Online Limited.
Yatra Online was listed on the US bourses in December 2016.
The company might consider a further issue of equity shares, including a private placement aggregating up to Rs.145 crore which would indirectly reduce the original issue size.
SBI Capital Markets Ltd, DAM Capital Advisors Ltd and IIFL Securities Ltd are the book running lead managers for the issue.

Objective of Yatra Online IPO

1. The company plans to utilise the net proceeds from the fresh issue for 
2. strategic investments, acquisitions and inorganic growth
3. investment in customer acquisition and other organic growth initiatives
4. general corporate purposes
 

About Yatra Online

Yatra Online, Inc. is the ultimate parent company of Yatra Online Limited whose corporate office is based in Gurugram, India, and is one of India's leading corporate travel services providers with over 700 large corporate customers. The company provides information, pricing, availability, and booking facility for domestic and international air travel, domestic and international hotel bookings, holiday packages, buses, trains, in city activities, inter-city, and point-to-point cabs, homestays, and cruises.

With approximately 94,000 hotels and homestays contracted in approximately 1,400 cities across India as well as more than 2 million hotels around the world, the company is India's largest platform for domestic hotels, according to the official announcement. The company recently launched a freight forwarding business called Yatra Freight to further expand its corporate service offerings.

The company has largest number of hotel and accommodation tie-ups amongst key OTA players of over 2,094,000 tie-ups, as of October 2021

The firm aimed to provide “one-stop shop” for its customers by providing access to holiday packages and other activities such as visa facilitation, tours, sightseeing, shows, and events. The technology platform has been designed to deliver a high level of reliability, security, scalability, integration and innovation

To strengthen customer loyalty and provide an incentive to the employees of our corporate customers to transact with us as B2C customers, we operate a proprietary eCash loyalty program that enables travelers that book through our platform to accumulate and redeem points, where applicable.
 

Profit and Loss

Balance Sheet

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
Particulars (in Rs. Crores) FY21 FY20 FY19
Total Assets 562.9 878.1 1208.0
Share Capital 11.1 10.6 10.2
Total Borrowings 13.1 98.5 99.8
Particulars (in Rs. Crores) FY21 FY20 FY19
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

Peer Comparison

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%


Key Points

  • Strengths

    1. Trusted brand with a proven track record and targeted marketing strategy
    2. Large and Loyal Customer Base
    3. Synergistic Multi-Channel Go to Market approach for Business and Leisure Travelers
    4. Integrated Technology Platform
    5. Comprehensive Selection of Service and Product Offerings

  • Risks

    1. Indian travel industry is highly competitive and may not be able to effectively compete in the future
    2. Exposed to risks associated with Indian businesses, particularly those in the Indian travel industry, including bankruptcies, restructurings, consolidations and alliances of its partners 
    3. Dependency on its airline ticketing business, which generates a significant percentage of our revenues and is derived from a small number of airline suppliers in India 
    4. Transition of airline suppliers to a single GDS service provider platform for its domestic inventory 
    5. Commission and other fees we receive from airline suppliers (including our GDS service providers) for the sale of air tickets may be reduced or eliminated
    6. Dependency on our relationships with a broad range of travel suppliers, and any adverse changes in these relationships, or our inability to enter into new relationships
     

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

FAQs

What is the lot size and investment required for the Yatra Online IPO?

Yatra Online IPO details are yet to be announced.

What is the price band of Yatra Online IPO?

Yatra Online IPO details are yet to be announced.

When does the Yatra Online IPO issue open and closes?

Yatra Online IPO details are yet to be announced

What is the size of Yatra Online IPO issue?

The issue comprises fresh issue of equity shares worth Rs.750 crores and a secondary offering of up to 88 lakhs equity shares by THCL Travel Holding Cyprus Limited

Who are the promoters/key personnels of Yatra Online IPO?

Yatra Online is promoted by THCL Travel Holding Cyprus Limited and Asia Consolidated DMC Pte. Ltd.

What is the allotment date of Yatra Online IPO?

Yatra Online IPO details are yet to be announced.

When is the Yatra Online IPO listing date?

Yatra Online IPO details are yet to be announced.

Who are the book runners for Yatra Online IPO?

SBI Capital Markets Ltd, DAM Capital Advisors Ltd and IIFL Securities Ltd are the book running lead managers for the issue

What is the objective of Yatra Online IPO?

The proceeds will be used:

  1. Strategic investments, acquisitions and inorganic growth
  2. Investment in customer acquisition and other organic growth initiatives
  3. General corporate purposes 
How to apply for the Yatra Online IPO?

To apply for the IPO, follow the steps given below

  1. Login to your 5paisa account and select the issue in the current IPO section
  2. Enter the number of lots and price at which you wish to apply for
  3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  4. You will receive a mandate notification to block funds in your UPI app
     
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