Yatra Online's shares listed in the market, stock fell more than 10 percent in early trade
Share Market Today: Today shares of Yatra Online company have been listed in the stock market. The company's shares are listed on both Sensex and Nifty. The company's IPO was open for investors this month. The price band of the company's IPO was Rs 135-142 per share. The company's shares were listed today with a decline of more than 10 percent.
Shares of Yatra Online company were listed on Thursday with a decline of more than 10 percent against the issue price of Rs 142. The company's shares are listed in the pre-special open session.
Today the company's shares debuted at Rs 130 on BSE, registering a decline of 8.45 percent from the issue price. It fell 10.28 percent to Rs 127.40. At the same time, the company's shares started trading at Rs 127.50 on NSE, registering a decline of 10.21 percent.
The company's market valuation in early deals was Rs 2,127 crore. At the time of writing the news, the company's shares were trading at 10 percent.
The initial public offering of travel company Yatra Online was subscribed 1.61 times last week. The company issued a fresh issue of up to Rs 602 crore. Out of this, there was a proposal for the sale of 1.21 crore equity shares. The price band of the company's IPO was Rs 135-142 per share.
The company will use up to Rs 150 crore of the funds raised from the IPO for strategic investments, acquisitions, and inorganic growth. The remaining amount of up to Rs 392 crore will be used to invest in customer acquisition and retention, technology, and other organic growth initiatives.
Yatra Online Limited serves a corporate travel service in terms of the number of corporate clients. It is the third largest online travel company in the country among major online travel players in terms of gross booking revenue and operating revenue.