Yatra Online IPO: Issue sees tepid response; booked 39% on day 3 so far; check subscription status, GMP, other details
₹775.00 crore worth Yatra Online IPO opened for subscription on September 15 and will close today, on Wednesday, September 20. Yatra Online is India’s one of the largest corporate travel service providers and offers integrated travel solutions to corporate clients as well as direct consumers. The company has reserved 75% of the shares in the IPO for Qualified Institutional Buyers (QIB), 15% for Non Institutional Investors (NII), and 10% for Retail Investors.
Yatra Online IPO has been subscribed 39% so far on Wednesday, the third and the last day of the bidding process. The public issue received bids for 1.18 crore equity shares as against 3 crore shares on the offer, as per data available on NSE till 12:00 pm. The public issue has been subscribed 1.79 times in the retail category, and 12% in the NII category.
QIBs subscribed about 7% so far. Also Read: Yatra Online IPO: Issue booked 31% on day 2; check subscription status, GMP, other key details Yatra Online IPO GMP today, or grey market premium today, is ₹0, which means shares were trading at par with their issue price of ₹142 with no premium or discount in the grey market today. Yatra IPO opened for subscription on September 15 and will close today.
The company is likely to fix the basis of IPO share allotment on September 25 and initiate refunds on September 26, while credit the shares to the demat accounts of eligible allottees on September 27. Yatra Online Ltd shares are proposed to be listed on September 29 on BSE and NSE. The company plans to raise ₹775 crore from its maiden public offering.
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