The Securities and Exchange Board of India (SEBI) has approved Yatra Online Ltd, the Indian arm of the US-listed online travel aggregator (OTA) Yatra Online, Inc, for its INR 750 Cr initial public offering (IPO).
Yatra Online Ltd received the market regulator’s final observation letter on November 17, nearly eight months after filing its draft red herring prospectus. The proposed IPO could be made available for subscription within 12 months of the date of the SEBI’s observation letter. The IPO will consist of a new issue of equity shares worth INR 750 crore and an OFS of 9,328,358 equity shares. In March of this year, Yatra filed the DRHP with the markets regulator.