te Yatra Online Listing: Shares list at Rs 127.50 on NSE, 10% discount to issue price | Zee Business

Yatra Online Listing: Shares list at Rs 127.50 on NSE, 10% discount to issue price

Yatra Online Listing, Yatra Share Price NSE, BSE: Last seen, the scrip was trading at Rs 135.70 on the NSE and 136.25 on the BSE. 

Yatra Online Listing: Shares list at Rs 127.50 on NSE, 10% discount to issue price
Yatra Online Listing, Yatra Share Price NSE, BSE: The company's market valuation was at Rs 2,127 crore in early deals. Photo credit: X/@BSEIndia

Yatra Online Listing, Yatra Share Price NSE, BSE: Shares of Yatra Online on Thursday had a muted debut on the bourses at they got listed at a discount of over 10 per cent against the issue price of Rs 142. The stock made its debut at Rs 127.40, registering a decline of 10.28 per cent from the issue price on the National Stock Exchange (NSE). 

On the Bombay Stock Exchange (BSE), the shares of the company began to trade at Rs 130, recording a fall of 8.45 per cent. However, it went further to touch the low of Rs 127.40. 

Last seen, the scrip was trading at Rs 135.70 on the NSE and 136.25 on the BSE. 

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The company's market valuation was at Rs 2,127 crore in early deals. The initial public offer of travel company Yatra Online was subscribed 1.61 times last week.

The Rs 775 crore-initial share sale 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.

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.

Written By: ZeeBiz WebTeam
Edited By: Raghwendra Shukla
Updated: Thu, Sep 28, 2023
11:44 am
New Delhi, ZeeBiz WebDesk
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