Ahead of IPO, Yatra Online raises Rs 348 crore from anchor investors
By MYBRANDBOOK
India’s third-largest online travel company Yatra Online has mopped up Rs 348.75 crore from 33 anchor investors on September 14, a day before its initial public offering (IPO) opens. The corporate travel company in its filing to exchanges said it has finalised allocation of 2,45,59,860 equity shares to anchor investors at a price of Rs 142 per share.
Marquee investors that participated in the anchor book included Morgan Stanley, Goldman Sachs, Societe Generale, BNP Paribas Arbitrage, Elara India Opportunities Fund, Whiteoak Capital, and Quantum-State Investment Fund.
ICICI Prudential Mutual Fund, Mirae Asset, Tata Mutual Fund, Bandhan Mutual Fund, Max Life Insurance Company, Bajaj Allianz Life Insurance Company, and Edelweiss Trusteeship were the other investors who invested in the company via the anchor book.
Out of the total allocation to anchor investors, 1,48,59,390 equity shares were allocated to six domestic mutual funds through a total of 19 schemes, it added.
Yatra Online will launch its Rs 775-crore initial public offering on September 15, comprising a fresh issuance of shares worth Rs 602 crore and an offer-for-sale (OFS) of 1,21,83,099 equity shares worth Rs 173 crore, at the upper price band, by the promoter and an investor.
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