Latest News | Yatra Online IPO Subscribed 11 Pc on First Day of Bidding

New Delhi, Sep 15 (PTI) The Initial Public Offering (IPO) of travel company Yatra Online Ltd was subscribed 11 per cent on the first day of bidding on Friday.

The Rs 775 crore IPO received bids for 33,63,675 shares against 3,09,42,356 shares on offer, according to NSE data.

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The category for retail individual investors received 55 per cent subscription while the quota for non-institutional investors got subscribed 3 per cent.

The IPO has a fresh issue of up to Rs 602 crore and an offer for sale of up to 12,183,099 equity shares.

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The IPO is in the price range of Rs 135-142 per share.

Yatra Online on Thursday said it has mobilised Rs 348.75 crore from anchor investors.

At the upper end of the price band, the IPO will fetch up to Rs 775 crore.

Proceeds from the fresh issue worth up to Rs 150 crore will be utilised towards strategic investments, acquisitions and inorganic growth and up to Rs 392 crore towards investment in customer acquisition and retention, technology, and other organic growth initiatives.

Yatra Online Ltd is a corporate travel services provider in terms of number of corporate clients and the third largest online travel company in the country among key online travel players in terms of gross booking revenue and operating revenue.

The shares of the company will be listed on the BSE and the NSE.

SBI Capital Markets, DAM Capital Advisors and IIFL Securities are the managers to the offer.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)