Yatra Online sets price band at rs135-142/share

Mumbai: Online travel company Yatra Online on Tuesday fixed the price band for its Initial Public Offering (IPO) at Rs135-142 per equity share.

The IPO which will open for subscription on September 15, will close on September 20. InvestoRscan bid for a minimum of 105 equity shares and in multiples of 105 equity shares thereafter, the company said. The IPO comprises fresh issuance of equity shares worth Rs602 crore and an Offer for Sale (OFS) of up to 12,183,099 shares.

At the upper price band of the issue, the IPO will fetch up to Rs775 crore. The online travel company had undertaken a pre-IPO placement of Rs62.01 crore by way of rights issue and allotted 2,627,697 equity shares of face value Rs1 each to its promoter, THCL Travel Holding Cyprus on December 10, 2022 at an issue price of Rs236 per share. “Proceeds from the fresh issue will be utilized to the tune of Rs150 crore for strategic investments, acquisitions, and inorganic growth.