The Initial Public Offering of Yatra Online Limited was subscribed on the second day of the bidding process led by the retail investors.
The issue received bids of 3,09,42,356 shares against the offered 94,44,855 equity shares, at a price band of ₹135-142, according to the data available on the stock exchanges.
Non-Institutional Investors was subscribed 0.09 times, Retail Portion was subscribed 1.34 times, whereas Qualified Institutional Buyer Portion was subscribed 0.06 times. The issue kicked off for subscription on Friday, September 15, 2023 and will close on Wednesday, September 20, 2023.
A day prior to the opening of the issue, Yatra Online Ltd had raised Rs 348.75 crore from anchor investors. Foreign Investors and Domestic Institutions who participated in the anchor were ICICI Prudential, Mirae Assets, Tata Funds, Bandhan Funds, Max Life Insurance Funds, Bajaj Allianz Life Insurance company Limited, Massachusetts Institute of Technology, Edelweiss Trusteeship fund, Morgan Stanley Asia (Singapore) Pte, Elara India, Whiteoak Capital Fund, Goldman Sachs (Singapore) Pte, BOFA Securities Europe SA, Bajaj Allianz General Insurance company Limited, Quantum State Investment fund, Societe General, BNP Paribas.
Broking houses like Arihant Capital, BP Wealth, Ventura Securities and Indsec Research have given a “SUBSCRIBE” rating to the issue
SBI Capital Markets Limited, DAM Capital Advisors Limited and IIFL Securities Limited are the book running lead managers. The Equity Shares are proposed to be listed on BSE and NSE.