Yatra Gets SEBI Nod For IPO Journey

Travel & tourism set to take off, post COVID relaxations

Yatra Gets SEBI Nod For IPO Journey

Fresh issue of Rs 750 cr + OFS

Travel company Yatra has received the final observation letter from SEBI for its IPO

MUMBAI, Nov 19 (The CONNECT) – Travel company Yatra Online Limited has received the final observation letter from the Securities and Exchange Board of India (SEBI) for its IPO

Yatra India had filed the Draft red Herring Prospectus (DRHP) with SEBI intending to float equity shares comprising a fresh issue of up to ₹7,500 million by Yatra India and an offer for sale of up to 9,328,358 shares.

Yatra Online, Inc., a Cayman Islands limited company with shares listed in the United States of America on NASDAQ Capital Market under the symbol YTRA, is the holding company of the Promoters, THCL and Asia Consolidated DMC Pte. Ltd. ”. The company is the leading corporate travel service provider in India with approximately 700 large customers and over 46,000 registered SME customers and the second largest consumer online travel company (OTC) in the country in terms of gross booking revenue for Fiscal 2020, per a CRISIL Report.

Yatra’s market strategy spans the entire value chain of travel and hospitality covering B2C and B2B segments. The combination of B2C and B2B channels enable them to target India’s most frequent and high spending travelers such as educated urban consumers, in a cost-effective manner.

Yatra has the largest number of hotel and accommodation tie-ups amongst key OTA players of over 2,094,000 tie-ups, as on October 29, 2021, says CRISIL.

Yatra Online’s revenue from operations during the year FY21 fell 81.37% to Rs 125.45 crore from Rs 673.33 crore in the previous year, primarily due to the impact of the COVID-19 pandemic, including lower travel demand due to travel restrictions.

The Indian travel industry grew at 8-10% CAGR between fiscal 2015 to 2020, to a size of Rs 2,470-2,490 billion and is expected to grow annually by 5-7% to Rs 3,350-3,370 billion by fiscal 2025, driven by development of tourism infrastructure, rising income levels translating to higher discretionary spending on travel and tourism, increase in frequency of travel business and leisure purposes, reforms in visa and increase in connectivity across means of transport.

SBI Capital Markets Limited, DAM Capital Advisors Limited and IIFL Securities Limited are the book running lead managers for the issue, while Link Intime is the registrar.

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