Yatra Online Limited IPO
Basic information about the company:
Yatra Online Limited, founded in 2005, is a company that offers a wide range of services to both domestic and international customers. Their primary focus is on providing information, pricing, availability, and booking options for various travel-related services. Here's an overview of what Yatra Online offers:
Air Ticketing: Yatra Online facilitates the booking of domestic and international air tickets on Indian and international airlines. This service helps travellers find the best flight options and prices.
Bus Ticketing: The company also provides bus ticketing services, making it convenient for customers to book bus tickets for their journeys.
Rail Ticketing: Yatra Online offers rail ticket booking services, allowing customers to book train tickets for their travel within India.
Cab Bookings: They assist customers in booking cabs for transportation, making it easier for travellers to move around in different cities.
Accommodation Booking: Yatra Online allows customers to book accommodations, including hotels and homestays, both domestically and internationally. They have a vast network of options, with over 105,000 hotels in 1,400 cities and towns in India and more than two million hotels globally available through their platforms.
Corporate SaaS Platform: Yatra Online provides a corporate Software as a Service (SaaS) platform, catering to the needs of corporate clients for their travel and accommodation requirements.
Yatra Freight: The company has expanded its services by launching Yatra Freight, a freight forwarding business. This move indicates their intention to diversify and broaden their corporate service offerings.
Objects of the Issue: The company aims to utilize the net proceeds from the IPO for the following purposes: 1. Strategic Investments and Acquisitions: They intend to use the net proceeds from the IPO to make strategic investments and acquisitions. This suggests their aim to expand and strengthen their presence in the travel and hospitality industry.
2. Investment in Customer Acquisition and Retention: Yatra Online plans to allocate funds for customer acquisition and retention efforts. This could involve marketing campaigns and loyalty programs to attract and retain customers.
3. Technology and Organic Growth Initiatives: A portion of the funds will be invested in technology-related initiatives to enhance their online platforms and services. Additionally, they aim to support organic growth within the company.
4. General Corporate Purposes: Some of the funds will be used for general corporate purposes, which may include day-to-day operational expenses and other business needs.
Yatra Online IPO Details: For investors interested in participating in the IPO, the IPO details are as follows:
Dates: 15th to 20th Sept 2023
Price Band: ₹135 to ₹142 per share
Lot Size: 105 Shares
Retail Quota: 10%
Date of Allotment: 25/26 Sept
Listing Date: 29th Sept GMP: Nil as of 14th Sept (Only for information) Link for checking IPO Allotment Status👇 https://linkintime.co.in/ipo/public-issues.html 💰Join our WhatsApp Group for Trading/Investment ideas & Market Updates👇
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