According to the Draft Red Herring Prospectus (DRHP), 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 utilised for general corporate purposes.
Yatra Online Inc, the parent of Yatra Online Ltd, is listed on the Nasdaq.
The OFS will comprise the sale of up to 88,96,998 equity shares by THCL Travel Holdings Cyprus Ltd and up to 4,31,360 equity shares by Pandara Trust – Scheme I through its trustee Vistra ITCL (India) Ltd.
Also, the company might consider a further issue of equity shares, including a private placement aggregating up to Rs 145 crore. In such a case, the quantum of the fresh issue will come down.
SBI Capital Markets Ltd, DAM Capital Advisors Ltd and IIFL Securities Ltd are the book running lead managers for the issue.