Yatra Online
Book Building issueMainboard₹775 Cr issue
-8.45%
Listing gain over issue price
Issue size
₹775 Cr
1 lot at cut-off
₹14,910
Lot size
105shares
Open
15 Sep 2023
Close
20 Sep 2023
Allotment
25 Sep 2023
Listing
28 Sep 2023
Listing performance
Issue price
₹142
Listed at
₹130
Listing-day close
₹135.95
Latest price
₹76.67
Close on 23 Oct 2026
Listing gain
-8.45%
Return since issue
-46.01%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 15 Sep 2023 – 20 Sep 2023
- Listing date
- 28 Sep 2023
- Face value
- ₹1 per share
- Issue price
- ₹142 per share
- Lot size
- 105 shares
- Issue type
- Book Building issue
- Total issue size
- ₹775 Cr
- Market cap at offer price
- ₹2,228 Cr
- Promoter holding
- 98.59% → 64.46% pre-issue → post-issue
- ISIN
- INE0JR601024
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead managers
- SBI Capital Markets Ltd.
- Registered office
- B2/101, Marathon Innova, Marathon Nextgen, Complex B Wing, G.Kadam Marg, Opp.Peninsula, Corp Park, Lower Parel (W), Maharashtra
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 2,45,59,860 | — | — |
| Market maker | 0 | — | — |
Application size
Minimum 105 shares per lot, in multiples, at ₹142
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 105 | ₹14,910 |
| Retail (max) | 13 | 1,365 | ₹1,93,830 |
| S-HNI (min) | 14 | 1,470 | ₹2,08,740 |
| S-HNI (max) | 67 | 7,035 | ₹9,98,970 |
| B-HNI (min) | 68 | 7,140 | ₹10,13,880 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
2,45,59,860
Anchor portion
₹349 Cr
at ₹142 per share
Valuation and performance
Valuation at offer price
₹142 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 0.69 | — |
| P/E (×) | 205.80 | — |
| Market cap | — | ₹2,228 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 4.50%
- ROCE
- 26.00%
- Debt / equity
- 0.90
- NAV per share
- ₹15.04
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Yatra Online
Yatra Online Limited, incorporated on December 28, 2005, and converted to a public limited company in 2021, is an online travel agency (OTA) providing travel services in India. The company operates through multiple business segments including air ticketing (connecting customers to domestic and international airlines), hotels and packages (offering access to over 2,105,600 hotel and accommodation tie-ups), and corporate travel services (serving large corporate accounts). The company generates revenue through commissions and incentives from airlines, GDS providers, credit card companies, and service charges from bookings. It has grown significantly through organic expansion and strategic acquisitions of companies like TSI Yatra, Yatra TG Stays, Yatra Hotel Solutions, and Yatra For Business Private Limited, establishing a comprehensive travel and hospitality platform.
Company Analysis
from RHPYatra Online Limited is India's largest corporate travel services provider and the third largest online travel company, operating across air ticketing, hotels and packages, and corporate travel services.
Yatra Online Limited, incorporated on December 28, 2005, and converted to a public limited company in 2021, is an online travel agency (OTA) providing travel services in India. The company operates through multiple business segments including air ticketing (connecting customers to domestic and international airlines), hotels and packages (offering access to over 2,105,600 hotel and accommodation tie-ups), and corporate travel services (serving large corporate accounts). The company generates revenue through commissions and incentives from airlines, GDS providers, credit card companies, and service charges from bookings. It has grown significantly through organic expansion and strategic acquisitions of companies like TSI Yatra, Yatra TG Stays, Yatra Hotel Solutions, and Yatra For Business Private Limited, establishing a comprehensive travel and hospitality platform.
Online Travel Agencies (OTA)Travel and TourismCorporate Travel ServicesHospitalityAir TicketingHotel and Accommodation Services
Objects of the Issue
- Strategic investments, acquisitions and inorganic growth ₹1,500.00 million p.25
- Investment in customer acquisition and retention, technology, and other organic growth initiatives ₹3,920.00 million p.25
- General corporate purposes p.25
- Funding for business expansion and operations (specific uses stated in Objects of the Offer section) ₹6,020.00 million (Fresh Issue size after Pre-IPO Placement reduction) p.89
- Repayment of borrowings
- Funding capex
- General corporate purposes
- Strategic investments, acquisitions and inorganic growth Up to ₹1,500.00 million p.187
- Investment in customer acquisition and retention, technology, and other organic growth initiatives Up to ₹3,920.00 million p.187
- General corporate purposes To be determined (not exceeding 25% of Gross Proceeds) p.187
Issue Structure
- Total Issue
- Up to ₹[●] million
- Fresh Issue
- Up to ₹6,020.00 million (reduced from ₹7,500.00 million after Pre-IPO Placement of ₹620.14 million)
- Offer for Sale
- Up to 12,183,099 Equity Shares aggregating up to ₹[●] million
- Price Band
- Floor Price: ₹[●]; Cap Price: ₹[●]
- Lot Size
- [●] Equity Shares and in multiples of [●] Equity Shares thereafter
- Face Value
- ₹1 each
Business Model
The company earns revenue primarily through commissions and incentives from airlines, GDS (Global Distribution System) service providers, and credit card companies based on booking volumes. Additional revenue streams include convenience fees, cancellation service charges, rescheduling charges, and advertisement revenue charged to customers during travel bookings. The company operates as an online marketplace connecting customers with travel service providers.
Business Segments
Provides customers with access to seven domestic airlines and major international airlines through an online platform, earning revenue through commissions and incentives from airlines and GDS providers
Offers access to hotels, homestays and other accommodations with over 105,600 hotels in more than 1,490 cities and towns in India, and provides holiday packages to customers
Provides corporate travel services to large corporate accounts serving as India's largest corporate travel services provider in terms of number of corporate clients
Booking and sale of air tickets through commissions from airlines, service fees from customers, and fees from GDS service providers
Booking of hotel rooms and holiday packages for customers
Rail tickets, bus services, and other travel-related products and services
Booking of air tickets for passengers
Booking of hotel rooms and travel packages
Other travel-related services
Booking and ticketing for domestic and international airline flights through the company's platforms across multiple channels including website, mobile apps, and B2B agents
Hotel accommodation bookings, homestays, holiday packages, and travel packages through the company's platforms and B2B channels
Rail ticketing, bus ticketing, cab bookings, activities, cruises, forex, visas, gift cards, travel insurance, and ancillary travel services
Dedicated corporate travel management services for businesses and enterprises, including invoicing, MIS reporting, travel policy management, and dedicated account support for approximately 50,613 corporate clients
Logistics and freight services for cargo shipment
Provides access to domestic and international airline tickets through real-time GDS connectivity and direct airline connections. Serves both leisure and business travelers with comprehensive flight search, comparison and booking capabilities across 7 domestic carriers and 40+ international carriers.
Offers hotel accommodations and holiday package bookings covering ~105,600 domestic hotels across 1,490 cities plus international properties, as well as customized and fixed-departure holiday packages to destinations within India, Asia, Middle East and Europe.
Includes rail ticketing, bus ticketing, taxi rentals, activities/experiences, and ancillary services such as travel insurance, visa facilitation, tours, sightseeing, shows and events ticketing.
Provides end-to-end SaaS-based travel solutions integrated with corporate customer HRIS and ERP platforms, offering self-book model with onsite support, policy enforcement, expense management and travel data analytics for enterprise customers.
Operates a network of 29,800+ registered travel agents across 1,000+ cities providing access to Yatra's platform and travel products, enabling distribution in Tier 2 and Tier 3 cities with lower internet penetration.
Yatra Online Freight Services (launched October 2020) provides digital freight forwarding platform covering ocean freight, surface logistics and air cargo leveraging existing airline and corporate relationships.
Sale of airline tickets and related commission/service fees from airlines and customers
Hotel reservation services on commission basis and holiday packages sold on a gross basis as principal
Sale of rail and bus tickets on commission basis and freight forwarding services
Facilitates air ticket bookings and related services through online platforms
Provides hotel bookings and vacation package services to customers
Includes miscellaneous travel-related services and freight forwarding
Through internet, mobile based platform and call-centers, the Group provides the facility to book and service international and domestic air tickets to ultimate customers through B2C (Business to Consumer), Business to Enterprise (B2E) and B2B2C (Business to Business to Consumer) channels.
Through an internet and mobile based platform and call-centers, the group provides holiday packages and hotel reservations. For internal reporting purpose, the revenue related to Airline Ticketing issued as a component of group developed holiday package is assigned to Hotel and Package segment and is recorded on a gross basis.
Primarily include the income from sale of rail and bus tickets and income from freight forwarding services.
SWOT Analysis
Strengths
- • India's largest corporate travel services provider and third largest OTA(p.25)
- • Largest hotel and accommodation tie-ups among key OTA players(p.25)
- • Significant B2B business contribution to total Adjusted Margin(p.43)
- • Strong recovery in travel demand post-COVID(p.48)
- • Profitability recovery with positive net profit in FY2023(p.27)
- • Strong revenue growth trajectory with 81.65% YoY total income growth in FY2023(p.49)
- • Improved profitability with positive restated profit after three years of losses(p.49)
- • Substantial margin expansion in air ticketing, the largest revenue contributor(p.49)
- • Positive EBITDA margins demonstrating operational efficiency(p.49)
- • Diversified revenue streams across air ticketing, hotels, and other services(p.49)
- • Recovery from COVID-19 pandemic with strong business rebound(p.49)
- • Strong revenue growth trajectory with gross bookings more than doubling year-over-year(p.94)
- • Diversified revenue streams across air ticketing, hotels/packages, and other services reducing dependence on single segment(p.94)
- • Improving adjusted EBITDA margins demonstrating operational leverage(p.94)
- • Growing customer base with 3.37 million active corporate customers showing market expansion(p.94)
- • Low customer concentration risk with top 10 customers contributing only 4.49% of gross bookings(p.94)
- • Established market position with proven track record and targeted marketing strategy(p.197)
- • Synergistic multi-channel go-to-market approach serving both business and leisure travelers(p.197)
- • Comprehensive range of travel service offerings across multiple segments(p.197)
- • Large and loyal customer base with 14 million cumulative users as of March 31, 2023(p.191)
- • Integrated technology platform providing scalable and consistent user experience(p.197)
- • Largest number of hotel accommodations among domestic OTA peers with 105,600 India properties(p.189)
- • Market-leading presence in corporate travel with 800+ large corporate customers and 7 million employees(p.191)
- • Experienced management team with established track record(p.197)
- • OTAs command majority share with high growth trajectory(p.261)
- • High online penetration in air ticketing segment dominates OTA revenue(p.263)
- • Convenience and ease of comparison drive OTA adoption over captive websites(p.271)
- • Strong B2B segment growth with higher margins than B2C(p.268)
- • Indian OTA market projected to grow at 13-14% CAGR through FY2028(p.264)
- • Leading corporate travel provider with extensive customer base(p.343)
- • Highest hotel and accommodation tie-ups among domestic OTA players(p.343)
- • Strong brand recognition with high unpaid traffic(p.346)
- • Large loyal customer base with high retention(p.347)
- • High corporate customer retention rates(p.347)
- • Comprehensive multi-channel distribution strategy(p.347)
- • Integrated technology platform across channels(p.348)
- • Strong experienced management team(p.349)
- • Established board governance structure with dedicated committees(p.395)
- • Experienced management team with diverse professional backgrounds(p.399)
- • Long-standing employee tenure in key leadership roles(p.399)
- • Consolidated ownership structure with strong promoter backing(p.402)
- • Established online travel platform with diversified service offerings(p.455)
- • Significant growth in revenue across all segments year-over-year(p.455)
- • Return to profitability after prior losses(p.458)
- • Strong cash position and term deposit holdings(p.447)
- • Largest corporate travel services provider with significant scale(p.483)
- • Extensive hotel inventory and accommodations network(p.483)
- • Highest hotel inventory among Indian OTA players(p.484)
- • Strong corporate customer base providing cross-selling opportunities(p.484)
- • Unified technology platform enabling multi-channel presence(p.484)
- • Extensive travel agent distribution network(p.484)
- • Higher margins in Hotels and Packages business(p.487)
Weaknesses
- • High employee attrition rate(p.46)
- • Negative operating cash flows in recent years(p.43)
- • Past history of significant losses(p.44)
- • Material weakness in internal controls over financial reporting(p.41)
- • Delays in statutory dues deposits(p.41)
- • Significant contingent liabilities(p.45)
- • Declining air ticketing margins despite volume growth(p.49)
- • Significant dependence on B2B business with concentration risk(p.50)
- • Large customer concentration with top 5 customers representing 9.12% of gross bookings in FY2023(p.56)
- • Heavy dependence on top 5 suppliers representing 51.02% of gross bookings in FY2023(p.56)
- • Material weakness in internal controls over financial reporting(p.49)
- • Unrecovered receivables from failed airline partner creating credit losses(p.50)
- • Inability to obtain complete confirmations from Reliance Entities as related parties despite regulatory requirements(p.54)
- • Significant negative cash flow from operations indicating working capital stress and operational challenges(p.93)
- • High customer acquisition costs consuming significant portion of adjusted margins(p.94)
- • Substantial increase in trade receivables creating liquidity pressure(p.93)
- • High finance costs indicating significant debt burden(p.92)
- • Heavy dependence on customer acquisition spending with high marketing costs relative to revenue(p.188)
- • Risk of disproportionate marketing spend to revenue ratio if consumer conversion rates are not commensurate with expenditure(p.191)
- • Concentrated shareholder ownership with promoter holding 88.91% of pre-Offer equity share capital(p.184)
- • No identified acquisition targets or definitive agreements for deployment of IPO proceeds(p.190)
- • Historical operating losses with negative RoNW of -23.96% weighted average(p.198)
- • Air ticketing segment has lower margins despite dominance(p.266)
- • Limited presence in high-margin holiday packages segment(p.272)
- • Dependence on discount-driven business model and price sensitivity(p.271)
- • IRCTC dominance limits OTA penetration in rail ticketing(p.267)
- • Declining adjusted margin in hotels and packages business(p.346)
- • International freight traffic declined(p.340)
- • Significant customer acquisition and marketing costs required(p.346)
- • Significant accumulated losses reducing financial stability(p.422)
- • Material weakness in internal financial controls(p.441)
- • Delayed payment of statutory dues including GST(p.440)
- • No employee stock option plan in place(p.401)
- • Significant accumulated losses and negative historical profitability(p.458)
- • Impairment of goodwill and intangible assets indicating deterioration in acquired businesses(p.442)
- • Significant credit-impaired trade receivables(p.448)
- • Contingent tax liabilities from regulatory disputes(p.466)
- • High leverage through new borrowing facility(p.451)
- • Breach of debt covenants requiring waiver(p.460)
- • Loss-making subsidiary requiring financial support commitment(p.469)
- • Deteriorating quality of receivables with increasing allowances(p.447)
- • Large accumulated retained earnings deficit(p.480)
- • Significant dependence on customer acquisition costs(p.489)
- • Operating losses in two of the three fiscal years(p.498)
- • Negative cash flows from operating activities(p.502)
- • High working capital requirements(p.502)
- • Significant contingent tax liabilities(p.503)
- • Litigation and regulatory disputes(p.532)
Opportunities
- • Expansion into inorganic growth through strategic acquisitions(p.37)
- • Indian travel industry expected to grow at 9-11% CAGR(p.25)
- • Online travel market to reach 73-75% penetration by FY2028(p.25)
- • Investment in customer acquisition, retention and technology(p.26)
- • Rising income levels driving discretionary spending on travel(p.25)
- • Expansion into hotels and holiday packages business with growing margins(p.49)
- • Geographic expansion to Tier 2 and Tier 3 cities in India(p.60)
- • Strengthening corporate/B2B travel business(p.60)
- • Significant growth in internet penetration providing market expansion potential(p.68)
- • Increasing online travel booking adoption in Indian market(p.60)
- • Technology investment and cross-selling opportunities(p.60)
- • Expansion into new geographic markets outside India(p.60)
- • Significant growth in air travel bookings with 5.6 million passengers booked in Fiscal 2023, up from 2.62 million in Fiscal 2021(p.94)
- • Expanding hotel network with 19.23 million active hotels based on revenue generation(p.94)
- • Growing packages business with 19,000 package passengers travelled in Fiscal 2023 up from 3,000 in Fiscal 2021(p.94)
- • Geographic expansion into new markets including Middle East with incorporation of Yatra Middle East L.L.C-FZ(p.96)
- • Indian travel industry expected to grow at 9-11% CAGR from ₹2,825-2,845 billion (FY23) to ₹4,540-4,560 billion (FY28)(p.214)
- • Online penetration expected to reach 73-75% by fiscal 2028 from 66-68% in fiscal 2023(p.216)
- • OTA gross booking revenue projected to grow at 13-14% CAGR reaching ₹2,440-2,460 billion by fiscal 2028(p.216)
- • B2B category expected to grow faster than B2C, reaching 40-45% share of OTA market by fiscal 2028(p.216)
- • Rising disposable incomes with share of households earning above ₹0.2 million expected to increase from 24% (FY17) to 35% (FY22)(p.244)
- • Strategic acquisition opportunities to expand product portfolio and geographic reach(p.189)
- • India's young demographic with 32% of population aged 20-39 years driving discretionary travel spending(p.248)
- • Growing internet penetration expected to reach 76-78% by fiscal 2028 supporting online travel adoption(p.252)
- • Rapid growth in domestic travel to drive leisure bookings(p.301)
- • Hotel bookings expanding with higher margins than air segment(p.267)
- • Tier-II and Tier-III cities represent untapped online penetration(p.260)
- • Technology-driven B2B segment presents growth avenue(p.271)
- • Government approval scheme to enhance credibility in Tier-II/III cities(p.272)
- • High domestic air freight growth trajectory(p.339)
- • Strong international air cargo growth potential(p.340)
- • Container traffic expected to revive(p.342)
- • Strong B2B corporate travel market growth(p.348)
- • Tier 2 and Tier 3 city expansion potential(p.352)
- • Freight forwarding platform with multi-modal logistics potential(p.355)
- • Rising domestic and international travel from Indian economy growth(p.343)
- • Expansion of risk management framework to address emerging risks(p.395)
- • Development of crisis and business continuity procedures(p.395)
- • Listing and IPO-related value creation initiatives(p.395)
- • Expansion of hotel and packages business segment(p.455)
- • Growth in air ticketing segment with recovery post-COVID(p.455)
- • Expansion of freight services through Yatra Online Freight Services subsidiary(p.467)
- • Capital raising through IPO to support growth(p.476)
- • Growing middle class and increasing disposable income in India(p.484)
- • Recovery and growth in domestic travel demand(p.496)
- • Cross-selling to B2E corporate employees(p.488)
- • Mobile-first business growth(p.488)
- • Higher margins in growing Hotels and Packages segment(p.487)
- • Strategic inorganic growth through acquisitions(p.488)
- • Internet and digital adoption acceleration in India(p.487)
Threats
- • Heavy dependence on small number of domestic airlines(p.45)
- • Risk from COVID-19 pandemic resurgence and new variants(p.48)
- • Reduction in commissions and incentive payments by airlines(p.45)
- • Increased use of telepresence reducing business travel demand(p.43)
- • Seasonality and quarterly fluctuations in leisure travel(p.47)
- • Search engine algorithm changes affecting website traffic(p.47)
- • Airline industry risks including bankruptcies and consolidation(p.45)
- • Rising fuel costs and aviation industry challenges(p.45)
- • Airline industry consolidation and bankruptcies reducing distribution options(p.50)
- • Reduced airline commission revenue from GDS consolidation and fee reductions(p.53)
- • Intense competition from larger, better-resourced OTA competitors(p.51)
- • Shift to work-from-home reducing business travel demand(p.50)
- • Regulatory changes affecting tax collection and business model(p.75)
- • Airline suppliers reducing commission and eliminating multi-GDS distribution(p.53)
- • Economic slowdown and reduced travel demand impacting business(p.76)
- • Travel-related accidents creating liability exposure(p.50)
- • Pandemic-related disruptions to travel demand and operations(p.49)
- • Declining adjusted margins in hotels and packages segment from 19.71% to 13.06% indicating margin pressure(p.94)
- • Significant working capital requirements with increasing trade receivables creating cash flow volatility(p.93)
- • Intense competition from global OTAs entering Indian market with greater resources(p.227)
- • Risk of consumer preference shift towards hotel direct bookings over OTA platforms(p.226)
- • External economic slowdown projected with GDP growth slowing to 6% in fiscal 2024(p.212)
- • Price sensitivity of Indian consumers limiting margin expansion despite growth(p.226)
- • Dependence on favorable monsoons and risk from extreme weather events affecting rural income and travel demand(p.212)
- • Global economic slowdown with major developed economies expecting shallow recession impacting export demand(p.238)
- • Limited hotel supply in higher-margin segments with fragmented hotel industry slowing OTA penetration(p.218)
- • Operational cost challenges in scaling holiday packages segment requiring TTA-like infrastructure(p.227)
- • Large hotel chains shifting focus to direct bookings and captive websites(p.272)
- • Intensifying competition from global OTAs and new entrants(p.272)
- • Traveller concerns about security and online fraud(p.259)
- • Rise of alternative accommodation reducing hotel booking demand(p.319)
- • Industry cyclicality and sensitivity to macroeconomic factors(p.316)
- • Highly competitive travel industry environment(p.360)
- • Competitors with greater financial resources(p.360)
- • Airlines and suppliers driving direct bookings(p.361)
- • Peer-to-peer rental platforms disrupting hotel market(p.361)
- • Search engines offering travel capabilities(p.361)
- • Port traffic growth expected to moderate(p.341)
- • COVID-19 pandemic impact on travel and tourism demand(p.422)
- • Non-receipt of information from Reliance Entities classified as group companies(p.406)
- • Going concern uncertainty requiring ongoing parent company support(p.422)
- • Exposure to high discount rates and valuation uncertainty(p.442)
- • Contingent liabilities from regulatory and tax disputes(p.466)
- • Regulatory investigation by central excise authorities(p.447)
- • Litigation from insolvency proceedings of competitor(p.466)
- • Rising finance costs and interest burden(p.456)
- • Exposure to foreign exchange volatility(p.466)
- • Intense competition in online travel industry(p.489)
- • Airline commission compression and reduction(p.487)
- • Airlines bypassing travel agents and directly selling tickets(p.487)
- • Seasonal fluctuations in travel demand(p.489)
- • Regulatory and tax law changes and GST compliance complexity(p.490)
- • Macroeconomic slowdown risks(p.487)
- • Airline bankruptcies and industry consolidation(p.487)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| THCL Travel Holding Cyprus Limited | Promoter | 88.91% | — |
| Asia Consolidated DMC Pte. Ltd. | Promoter | 9.68% | — |
| THCL Travel Holding Cyprus Limited | Promoter/Promoter Group | — | — |
| Asia Consolidated DMC Pte. Ltd. | Promoter/Promoter Group | — | — |
| Yatra Online, Inc. | Ultimate Holding Company | — | — |
| THCL Travel Holding Cyprus Limited | Promoter | 88.91% | — |
| Asia Consolidated DMC Pte. Ltd | Promoter | 9.68% | — |
| THCL Travel Holding Cyprus Limited | Promoter/Promoter Group | 88.91% | — |
| Asia Consolidated DMC Pte. Ltd. | Promoter Group | 9.68% | — |
| Dhruv Shringi | Nominee of THCL Travel Holding Cyprus Limited | — | — |
| Manish Amin | Nominee of THCL Travel Holding Cyprus Limited | — | — |
| Yatra Online, Inc. | Promoter (Cayman Islands holding company, listed on NASDAQ) | — | — |
| THCL (Travel Holding Cyprus Limited) | Promoter (Holding Company) | — | — |
| Asia Consolidated DMC Pte. Ltd. | Promoter | — | — |
| THCL Travel Holding Cyprus Limited | Promoter | 98.59% | — |
| Asia Consolidated DMC Pte. Ltd. | Promoter | 98.59% | — |
| THCL Travel Holding Cyprus Limited | Holding Company / Promoter | 88.91% | — |
| Asia Consolidated DMC Pte Ltd | Fellow Subsidiary / Promoter | 9.68% | — |
| Yatra Online, Inc. | Holding company of Promoters | — | — |
Leadership
Dhruv Shringi · Promoter/Key Managerial Personnel
Manish Amin · Promoter/Key Managerial Personnel
Darpan Batra · Company Secretary and Compliance Officer
Rohan Mittal · Group CFO
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Yatra Online IPO FAQs
What is the lot size of Yatra Online IPO?
The minimum lot size of Yatra Online IPO is 105 shares. One lot costs ₹14,910 at the cut-off price.
When does Yatra Online IPO open and close?
Yatra Online IPO opened for subscription on 15 Sep 2023 and closed on 20 Sep 2023.
What is the listing date of Yatra Online IPO?
Yatra Online IPO listed on 28 Sep 2023.