Yatra Online's will open on September 15 and will close on September 20, giving retail investors 5 days to apply for the IPO.
Yatra will use the raised capital for making investments, acquisitions, and inorganic growth, customer acquisition and retention, technology, and other organic growth initiatives and general corporate purposes.
SBI Capital Markets, DAM Capital Advisors and IIFL Securities are the book running lead managers of the issue and Link Intime India is the registrar to the offer.
Yatra Online offers an online platform for travelers, providing a wide range of services including access to various accommodations like hotels and homestays, along with facilitating vacation packages, visa processes, tours, and entertainment events.
As of March 2023, it has established over 2,105,600 partnerships with hotels and accommodations, making it a significant player in the online travel agency (OTA) sector in India, both in terms of gross booking revenue and operating revenue for the fiscal year 2023.