New Delhi. Yatra Online Limited, a travel services company, has received the approval of the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO). Yatra Online Inc., the parent company of Yatra Online Limited, gave this information. According to the draft documents, under the issue, the company will issue new shares worth Rs 750 crore. Apart from this, an offer for sale (OFS) of 93,28,358 equity shares will also be made.
Nasdaq-listed Yatra Online Inc said in a statement that Yatra Online Limited received approval from markets regulator SEBI on November 17 in respect of the IPO documents filed in March. The company will use the funds raised from the IPO for strategic investments, acquisitions and business growth.
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People investing money in the Share Market are going to get many great opportunities to earn in the coming times. After a few months of lethargy, the IPO market has started picking up.
IPO will come for more than 1 lakh crore
Recently some IPOs have also performed well in the market. After this, during the next 12 months, IPOs of at least 70 companies can be seen in the market. These companies have already got the approval of market regulator SEBI to bring IPO. The total size of the IPOs of all these companies is going to be more than Rs 1 lakh crore.
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IPO of these companies
Aadhar Housing Finance, API Holdings (Pharmeasy), TVS Supply Chain Solutions, McLeod Pharmaceuticals are among the companies that are expected to IPO in the next 12 months, according to data from Prime Database. (Macleods Pharmaceuticals), Bharat FIH (Bharat FIH) and Emcure Pharmaceuticals (Emcure Pharmaceuticals).
Tags: business news in hindi, IPO, stock returns
FIRST PUBLISHED : November 19, 2022, 14:57 IST