Business News: Travel Company Yatra Online Launches its IPO for Investors, Know Details
IPO News: On September 11, the Nifty50 achieved an all-time high of 20,000, after taking six years to rise from 10,000 to 20,000, ushering in the IPO season once more. In this context, Yatra.com, an online travel service provider, has finally opened its initial public offering (IPO) for general investors from September 15 to September 20. However, for anchor investors, the IPO began a day earlier on September 14th.
Yatra.com IPO Details
The IPO's price range is Rs 135 to Rs 142 per share. The business would issue shares for Rs 602 crore in an initial public offering (IPO). The first new offering was for Rs 750 crore. In the same IPO, 1.22 crore equity shares were offered for sale (OFS). 75 percent of the shares in this IPO are reserved for qualifying institutions, with the remaining 15 percent designated for non-institutional investors. The remaining 10% is set aside for ordinary investors. Around Rs 150 crore of the IPO proceeds would be utilised for strategic investment and expansion, while Rs 392 crore will be used to connect new and more users to the platform and retain existing clients and technology advancements.
