At the upper end, Yatra Online aims to raise around Rs 775 crore and the implied post-issue market cap will be Rs 2,228 crore. The IPO comprises a fresh equity issue worth Rs 602 crore and an offer for sale (OFS) of up to 1.21 crore shares.
According to the Draft Red Herring Prospectus, the company plans to utilise the net proceeds from the fresh issue for strategic investments, acquisitions and inorganic growth and investment in customer acquisition and other organic growth initiatives.