Yatra Online has filed draft red herring prospectus (DRHP) with Securities and Exchange Board of India (SEBI) for its initial public offering (IPO) that includes fresh issue of shares worth up to Rs 750 crore. The IPO would also have an offer for sale (OFS) of up to 93,28,358 equity shares.
The company plans to utilise the net proceeds from the fresh issue for strategic investments, acquisitions and inorganic growth and investment in customer acquisition and other organic growth initiatives. The proceeds would also be utilized for general corporate purposes. SBI Capital Markets, DAM Capital Advisors and IIFL Securities are the book running lead managers for the issue.
Yatra Online is based in Gurugram, India, and is one of India's leading online travel companies and operates the website Yatra.com.
