Yatra Online Limited has made a initial public offering (IPO) of equity shares aggregating to ₹7,750 million, which comprises a fresh Issue of ₹6,020 million and an Offer for Sale of 12,183,099 Equity Shares.
SBI Capital Markets Limited, DAM Capital Advisors Limited and IIFL Securities Limited are the Book Running Lead Managers (BRLMs) to this IPO.
JSA advised Yatra and THCL Travel Holding Cyprus Limited (the Promoter Selling Shareholder) in this IPO.
The transaction team consisted of Madhurima Mukherjee Saha (Lead Partner), Shivali Singh (Principal Associate), Sagar Batra (Senior Associate), Bhavini Mohan (Associate), Richa Prasad (Associate) and Rishika Kharbanda (Associate).
IndusLaw advised the BRLMs in this IPO.
The transaction team consisted of Manshoor Nazki (Partner), Puneet Passi (Partner), Karan Topiwala (Senior Associate), Kshitij Asthana (Associate), Yajunshi Tyagi (Associate), Kanika Bhakhna (Associate) and Rukman Banka (Associate).
Trilegal acted as Legal Counsel to Pandara Trust – Scheme 1 (represented by its trustee Vistra ITCL (India) Limited).
Yatra Online Limited is India’s largest corporate travel services provider in terms of number of corporate clients and the third largest online travel company in India among key OTA players in terms of gross booking revenue and operating revenue, for Fiscal Year 2023 (Source: CRISIL Report).
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