Yatra IPO: Travel Services Provider Files Preliminary Documents for Initial Offer with SEBI | Market news

New Delhi: Leading travel service provider Yatra Online Ltd has filed draft documents with market regulator Sebi for an initial public offering that includes a new issue of shares worth up to Rs 750 crore.

The initial public offering (IPO) would also include an offer to sell (OFS) of up to 93,28,358 shares.

According to the Red Herring Draft Prospectus (DRHP), the company plans to use the net proceeds of the new issue for strategic investments, acquisitions and inorganic growth and investments in customer acquisition and other growth initiatives. organic growth.

The proceeds would also be used for general corporate purposes.

Yatra Online Inc, the parent company of Yatra Online Ltd, is listed on Nasdaq.

The SFO will include the sale of up to 88,96,998 shares by THCL Travel Holdings Cyprus Ltd and up to 4,31,360 shares by Pandara Trust ? Scheme I through its trustee Vistra ITCL (India) Ltd.

Additionally, the company may consider a new equity issue, including a private placement totaling up to Rs 145 crore. In such a case, the amount of the new issue will decrease. Also read: Earth Hour: Zomato, HSBC, IndiGo plan ‘Dine in the Dark’ experience, other initiatives

SBI Capital Markets Ltd, DAM Capital Advisors Ltd and IIFL Securities Ltd are lead managers for the issue. Also read: Apple iPhone 13 Pro sold with a discount of Rs 19,400! Check offer details



Willie R. Golden