Yatra's journey on low note
By Ruma Dubey
about 12 months ago
There was a new listing today – Yatra Online. As against the IPO price of Rs.142, it got listed at a discount at Rs.130 and went down to Rs.127 levels.
The IPO was subscribed 1.61 times of which major portion was taken by retail investors at 2.11x – showing is the significance of brand equity and presence. HNIs was pretty low at Rs.0.42x and that of QIBs was at 2.05x.
Yatra Online is India’s largest corporate travel service pr- ovider, yet enjoys just 5% market share with FY23 topline of only Rs. 380 cr.
In our IPO Analysis, we had concluded - Poor fundamentals make this IPO a ‘clear avoid’.
143.80 (+0.05)