New Delhi: leading provider of travel services
In 2022, so far, 10 IPOs have been launched. It includes companies like
According to the Red Herring Draft Prospectus (DRHP), the company plans to use the net proceeds of the new issue for strategic investments, acquisitions and inorganic growth and investments in customer acquisition and other growth initiatives. organic growth. The proceeds would also be used for general corporate purposes.
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The SFO will include the sale of up to 88,96,998 shares by THCL Travel Holdings Cyprus Ltd and up to 4,31,360 shares by Pandara Trust, Scheme I through its trustee Vistra ITCL (India) Ltd .
Additionally, the company may consider a new equity issue, including a private placement totaling up to Rs 145 crore. In such a case, the amount of the new issue will decrease.
Launched in August 2006, Yatra Online is based in Gurugram. Yatra is India’s leading business travel service provider with over 700 corporate clients and one of India’s leading online travel companies and operates the Yatra.com website.
The company provides information, rates, availability and reservation services for domestic and international air travel, domestic and international hotel reservations, vacation packages, buses, trains, city activities, taxis long distance and point-to-point, homestays, and cruises. As a leading accommodation options platform, Yatra offers real-time bookings for over 103,000 hotels in India and over 1,500,000 hotels globally.
What is an IPO?
An Initial Public Offering (IPO) refers to the process of offering shares of a private company to the public in a new equity issue. An IPO allows a company to raise capital from public investors. The transition from a private to a public company can be an important time for private investors to fully realize the gains from their investment, as it typically includes an issue premium for current private investors.