Yatra Online IPO
Yatra Online Limited (YATRA) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 28 September 2023.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -4.3% (likely range -10% to -2%), day's high +1.4%, chance of a gain 20%. Actual: -10.2% at the open, -2.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,67,48,434 | 3,43,86,765 | 2.05x | |
| NII (HNI) total | 85,16,353 | 35,41,545 | 0.42x | |
| Big NII (above ₹10 lakh) | 56,77,569 | 27,79,140 | 0.49x | |
| Small NII (₹2-10 lakh) | 28,38,784 | 7,62,405 | 0.27x | |
| Retail | 56,77,569 | 1,19,64,120 | 2.11x | |
| Total | 3,09,42,356 | 4,98,92,430 | 1.61x |
Bids on NSE and BSE together, as published by NSE, as of 20 Sep 2023, 07:00 PM. Shares offered exclude the anchor portion. 21% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Yatra Online's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Tejas NetworksJun 2017 | 2.16x | 0.48x | 3.10x | 1.88x | ₹803 Cr | 0.0% | +5.6% |
| Khadim IndiaNov 2017 | 2.44x | 0.18x | 2.33x | 1.90x | ₹544 Cr | -2.7% | -1.4% |
| Aster DM HealthcareFeb 2018 | 2.10x | 0.55x | 1.18x | 1.31x | ₹1,010 Cr | -3.7% | -1.1% |
| Precision CamshaftsJan 2016 | 2.62x | 0.73x | 2.01x | 1.91x | ₹424 Cr | -11.3% | -0.5% |
| Rail Vikas NigamApr 2019 | 1.36x | 0.80x | 2.93x | 1.83x | ₹842 Cr | 0.0% | +4.2% |
| Indian Energy ExchangeOct 2017 | 2.56x | 0.85x | 2.61x | 2.28x | ₹1,426 Cr | -9.1% | +0.6% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| SBI Capital Markets | 56 | +16.7% | 61% |
| DAM Capital Advisors | 37 | +13.6% | 59% |
| IIFL Securities | 94 | +19.3% | 71% |
Offer documents (NSE)
Frequently asked
What is the Yatra Online IPO price band and lot size? ₹135–142 per share, with a lot of 105 shares, so the smallest retail bid is ₹14,910.
How many times has it been subscribed? 1.61x overall: QIB 2.05x, NII 0.42x, retail 2.11x.
How did it list? It opened at ₹128, -10.2% against the issue price of ₹142, and closed its first day -4.3%.
