Yatra Online IPO: The initial public offering (IPO) listing date of Yatra Online Ltd has been set for September 28, 2023, i.e. today. As per the information available in the BSE notification, “…the shares of Yatra Online Limited will be listed and admitted to trading in the list of ‘B’ group of securities on the stock exchange from Thursday, September 28, 2023.” The share price of Yatra Online will open for trading on the BSE and NSE from 10:00 am today, while the listing on the Indian stock exchanges will take place in a special pre-opening session at around 9:45 am during Thursday trading.
According to stock market experts, Yatra Online’s IPO received a lukewarm response from investors as the issue was subscribed only 1.61 times. Apart from that, the mood on the stock markets is also not in good condition. However, they maintained that the listing price of the Yatra Online IPO may not disappoint allottees if the market opens higher today. However, in the event of a weak market opening, they predicted a flat to reduced debut for Yatra Online shares.
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Meanwhile, Yatra Online shares in the unlisted stock market continue to remain unchanged. According to market observers, Yatra Online shares are not available in the gray market at either a discount or a premium.
Yatra Online IPO Price Prediction
Talking about the listing price of Yatra Online, Avinash Gorakshkar, Head of Research at Profitmart Securities, said, “A lot will depend on the opening of the market. In case of bulls, Yatra Online stock price may debut on Dalal Street with marginal gains while in case of weak or underperforming stocks, it may debut on Dalal Street due to the range-bound opening, the issue may amount to a discounted offer.
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While tagging the public issue as ‘Subscribe’, Arihant Capital also expected stock market gains for investors, citing, “The company has developed a distinct ‘go-to-market’ approach in both B2B and B2C segments , indicating a large addressable market.” . With an increased focus on high-margin enterprise business, we expect the company to post strong earnings growth in the coming years. The B2B business is expected to grow at a 5-year CAGR of 15% over the next five years. The offering is made at approximately 30.9x post-IPO EV/EBITDA in the upper price band.”
Yatra Online IPO GMP today
According to market observers, shares of Yatra Online are available on the unlisted exchange, but neither at a premium nor at a discount. They said that the gray market premium (GMP) for Yatra Online’s IPO is zero today, meaning the gray market expects Yatra Online’s share price to trade around the upper price range of the public offering.
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The company promoters have decided the price range for the IPO of Yatra Online ₹135 tonnes ₹142 per share.
Disclaimer: The views and recommendations expressed above are those of individual analysts or brokerage firms and not of Mint. We recommend investors consult certified experts before making an investment decision.
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Updated: September 28, 2023, 07:51 AM IST
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