Yatra Online IPO | The aggressive pricing of the issue could be one of reasons for tepid response to the issue, though the company is looking good with a longer time horizon, analysts said.
Yatra Online IPO: Retail investors were only among the participants at the forefront in terms of bidding, buying 1.16 times the portion set aside for them which is 10 percent of the total offer
Yatra Online has over 94,000 hotels and homestays contracted in approximately 1,400 cities across India as well as more than 2 million hotels around the world.
Yatra Online offers a comprehensive range of travel and travel-related products and services catering to the needs of passengers travelling domestically, as well as travelling to and from international destinations.
The IPO comprises a fresh equity issue worth Rs 602 crore and an offer for sale (OFS) of up to 1.21 crore shares. The price band for the IPO is Rs 135-142, where investors can bid for a minimum of 105 equity shares and in multiples thereafter