Yatra Online IPO
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.
Yatra Online Financial Status
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
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FAQs
Yatra Online IPO details are yet to be announced.
Yatra Online IPO details are yet to be announced.
Yatra Online IPO details are yet to be announced
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
Yatra Online is promoted by THCL Travel Holding Cyprus Limited and Asia Consolidated DMC Pte. Ltd.
Yatra Online IPO details are yet to be announced.
Yatra Online IPO details are yet to be announced.
SBI Capital Markets Ltd, DAM Capital Advisors Ltd and IIFL Securities Ltd are the book running lead managers for the issue
The proceeds will be used:
- Strategic investments, acquisitions and inorganic growth
- Investment in customer acquisition and other organic growth initiatives
- General corporate purposes
To apply for the IPO, follow the steps given below
- 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
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