Yatra Online IPO subscribed 1.61 times on last day of offer

The Initial Public Offer of travel company Yatra Online was subscribed 1.61 times on the last day of subscription on Wednesday. The Rs 775 crore initial share sale got bids for 4,98,92,325 shares against 3,09,42,356 shares on offer, as per NSE data.

The category for Retail Individual Investors (RIIs) received 2.11 times subscription while the quota for Qualified Institutional Buyers (QIBs) got subscribed 2.05 times. The portion for non-institutional investors was subscribed 42 per cent.

The Initial Public Offer (IPO) had a fresh issue of up to Rs 602 crore and an offer for sale of up to 1.21 crore equity shares. The price range for the offer was Rs 135-142 a share. On September 14, Yatra Online said it has mobilised Rs 348.75 crore from anchor investors.

TRENDING NOW

Zomato shares gain 4% post-block deal; China's Alipay likely seller

IPL Auction 2024: Seven players who can earn big bucks in upcoming mini-auction

Traders' Diary: Buy, sell or hold strategy on BHEL, DMart, Siemens, HCL Tech, Muthoot Finance, over a dozen other stocks today

TCS, Tata Motors, IOCL: Stocks to watch out for on Wednesday

Gold and Silver price today (November 29, 2023): Precious metal trade higher; Gold hovers near Rs 62,800

Siemens Q4 revenue grows 25%, board announces Rs 10/share dividend

FIRST TRADE: Sensex up 260 pts; Nifty above 19,900; all sectoral indices in green

Weather Update: Met Department forecasts heavy rains in parts of Andhra Pradesh for next 3 days

IREDA IPO Listing LIVE Updates: Shares to list on bourses today; check Anil Singhvi's view

Home Loan Prepayment vs Investment: Which will help you save more money, know calculations

Anil Singhvi strategy November 29: Important levels to track in Nifty50, Nifty Bank today

Telangana Election Result 2023 Date: Check date, time of counting of votes, results announcement of 200 Assembly seats

Mcap of BSE-listed firms hits record high of Rs 331 lakh crore

Tata Motors hits fresh peak; stock has jumped over 60% in one year

Asian markets news | Dollar, bonds sink as Fed hints at rate cuts; kiwi jumps on hike talk

Proceeds from the fresh issue worth up to Rs 150 crore will be utilised towards strategic investments, acquisitions and inorganic growth and up to Rs 392 crore towards investment in customer acquisition and retention, technology, and other organic growth initiatives.

Yatra Online Ltd is a corporate travel services provider in terms of the number of corporate clients and the third largest online travel company in the country among key online travel players in terms of gross booking revenue and operating revenue.

The shares of the company will be listed on the BSE and the NSE. SBI Capital Markets, DAM Capital Advisors and IIFL Securities were the managers to the offer.

Catch the latest stock market updates here. For all other news related to business, politics, tech, sports, and auto, visit Zeebiz.com.