Initial Public Offerings (IPOs) of many companies are going to be launched continuously in the next few months. One of these is Yatra Online Limited, a travel services company. The company has filed draft documents with the market regulator SEBI to bring the IPO. During this, the company will issue new shares worth Rs 750 crore. Apart from this, open sale offer of 93,28,358 equity shares will also be made.
Company listed in US: According to a document filed with the Securities and Exchange Board of India (Sebi), Yatra Online Ltd. will use the proceeds from the IPO for strategic investments, acquisitions and business growth. Travel Online’s parent company Travel Online Inc. is listed on the US market Nasdaq.
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Under the open sale offer, the company will offer sale of 88,96,998 equity shares of THCL Travel Holdings Cyprus Limited and 4,31,360 equity shares of Pandara Trust. Apart from this, the company can also look at private share allotment up to Rs 145 crore.