Travel service provider Yatra Online files preliminary documents for IPO

New Delhi: leading provider of travel services yatra online Ltd has filed draft documents with market regulator Sebi for an initial public offering which includes a new issue of shares worth up to Rs 750 crore. The initial public offering (IPO) would also include an offer to sell (OFS) of up to 93,28,358 shares.

In 2022, so far, 10 IPOs have been launched. It includes companies like Vedant modes, Adani WilmarAGS transactions, Fabino life sciencesQuality RO Industries etc.

According to the Red Herring Draft Prospectus (DRHP), the company plans to use the net proceeds of the new issue for strategic investments, acquisitions and inorganic growth and investments in customer acquisition and other growth initiatives. organic growth. The proceeds would also be used for general corporate purposes.

Yatra Online Inc.the parent of yatra Online Ltd, is listed on the Nasdaq.

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The SFO will include the sale of up to 88,96,998 shares by THCL Travel Holdings Cyprus Ltd and up to 4,31,360 shares by Pandara Trust, Scheme I through its trustee Vistra ITCL (India) Ltd .

Additionally, the company may consider a new equity issue, including a private placement totaling up to Rs 145 crore. In such a case, the amount of the new issue will decrease.

SBI Capital Markets SADAM Capital Advisors Ltd and IIFL Securities Ltd are lead managers for the issue.

Launched in August 2006, Yatra Online is based in Gurugram. Yatra is India’s leading business travel service provider with over 700 corporate clients and one of India’s leading online travel companies and operates the website.

The company provides information, rates, availability and reservation services for domestic and international air travel, domestic and international hotel reservations, vacation packages, buses, trains, city activities, taxis long distance and point-to-point, homestays, and cruises. As a leading accommodation options platform, Yatra offers real-time bookings for over 103,000 hotels in India and over 1,500,000 hotels globally.

What is an IPO?

An Initial Public Offering (IPO) refers to the process of offering shares of a private company to the public in a new equity issue. An IPO allows a company to raise capital from public investors. The transition from a private to a public company can be an important time for private investors to fully realize the gains from their investment, as it typically includes an issue premium for current private investors.