Yatra Online Ltd., the Indian division of the US-listed online travel aggregator (OTA) Yatra Online, Inc., has received approval from the Securities and Exchange Board of India (SEBI) for its INR 750 Cr initial public offering (IPO).
After submitting its draft red herring prospectus for nearly eight months, Yatra Online Ltd. finally obtained the market regulator’s final observation letter on November 17. Within a year of the SEBI’s letter of observation, the planned IPO may be made available for subscription. The IPO would include an OFS of 9,328,358 equity shares and a new issue of equity shares totaling INR 750 crore. Yatra filed the DRHP to the markets regulator in March of this year.