Yatra Online files draft papers for IPO
According to the Draft Red Herring Prospectus, the company plans to utilise the net proceeds from the fresh issue for strategic investments, acquisitions and inorganic growth and investment in customer acquisition and other organic growth initiatives.
- Mar 26, 2022,
- Updated Mar 26, 2022 3:37 PM IST
Leading travel services provider Yatra Online Ltd has filed draft papers with markets regulator Sebi for an initial public offering that includes fresh issue of shares worth up to Rs 750 crore.
The initial public offering (IPO) would also have an offer for sale (OFS) of up to 93,28,358 equity shares.
According to the Draft Red Herring Prospectus (DRHP), the company plans to utilise the net proceeds from the fresh issue for strategic investments, acquisitions and inorganic growth and investment in customer acquisition and other organic growth initiatives.
Also Read: Sachin Bansal's Navi Technologies files DRHP for Rs 3,350-crore IPO
The proceeds would also be utilised for general corporate purposes. Yatra Online Inc, the parent of Yatra Online Ltd, is listed on the Nasdaq.
The OFS will comprise the sale of up to 88,96,998 equity shares by THCL Travel Holdings Cyprus Ltd and up to 4,31,360 equity shares by Pandara Trust Scheme I through its trustee Vistra ITCL (India) Ltd.
Also, the company might consider a further issue of equity shares, including a private placement aggregating up to Rs 145 crore. In such a case, the quantum of the fresh issue will come down.
SBI Capital Markets Ltd, DAM Capital Advisors Ltd and IIFL Securities Ltd are the book running lead managers for the issue.
Also Read: LIC IPO: Govt to file final papers with Sebi soon
Leading travel services provider Yatra Online Ltd has filed draft papers with markets regulator Sebi for an initial public offering that includes fresh issue of shares worth up to Rs 750 crore.
The initial public offering (IPO) would also have an offer for sale (OFS) of up to 93,28,358 equity shares.
According to the Draft Red Herring Prospectus (DRHP), the company plans to utilise the net proceeds from the fresh issue for strategic investments, acquisitions and inorganic growth and investment in customer acquisition and other organic growth initiatives.
Also Read: Sachin Bansal's Navi Technologies files DRHP for Rs 3,350-crore IPO
The proceeds would also be utilised for general corporate purposes. Yatra Online Inc, the parent of Yatra Online Ltd, is listed on the Nasdaq.
The OFS will comprise the sale of up to 88,96,998 equity shares by THCL Travel Holdings Cyprus Ltd and up to 4,31,360 equity shares by Pandara Trust Scheme I through its trustee Vistra ITCL (India) Ltd.
Also, the company might consider a further issue of equity shares, including a private placement aggregating up to Rs 145 crore. In such a case, the quantum of the fresh issue will come down.
SBI Capital Markets Ltd, DAM Capital Advisors Ltd and IIFL Securities Ltd are the book running lead managers for the issue.
Also Read: LIC IPO: Govt to file final papers with Sebi soon