Yatra IPO: Preparations are on to bring the IPO of Yatra Online Limited, a leading company providing travel services.
Yatra IPO: Preparations are on to bring the IPO of Yatra Online Limited, a leading company providing travel services. Yatra has filed draft papers with market regulator SEBI for this. According to the draft papers filed with SEBI, new shares worth Rs 750 crore will be issued through this issue. Apart from this, 93,28,358 equity shares will be sold under the offer for sale (OFS). Travel Online Ltd.’s parent company Travel Online Inc. is listed on NASDAQ.
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YATRA IPO Details
- According to the draft papers filed with SEBI, new shares worth Rs 750 crore will be issued under the Yatra IPO. The company can also consider a private placement of Rs 145 crore. If this happens, then the number of new shares to be issued under the IPO may be reduced.
- Through the issue, 93,28,358 equity shares will be sold under OFS to the existing shareholders of the company. In this, THCL Travel Holdings Cyprus will sell 88,96,998 equity shares and Pandara Trust Scheme I will sell 4,31,360 equity shares through its trustee Vista ITCAL (India).
- The money raised through the issue of new shares will be used to make strategic investments, acquisitions and inorganic and inorganic growth of the company. Apart from this, it will also be used for general corporate purposes.
- SBI Capital Markets, DAM Capital Advisors and IIFL Securities have been appointed as the Book Running Lead Managers for the issue.
(Input: PTI)
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