Yatra Online remains below issue price throughout session, closes at Rs 135.90

Yatra Online opened lower at Rs 127.5 on the NSE, which was also its day's low, falling 10.2 percent compared to issue price of Rs 142 and did not see the said issue price till the closing.

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26 Aug, 2025 12:21

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Yatra Online shares disappointed investors on its listing day, trading below the issue price throughout session on September 28. The low subscription numbers, high valuation, and subdued equity market sentiment may have impacted the stock performance. The benchmark indices corrected nearly one percent on spike in oil prices.

The stock opened lower at Rs 127.5 on the NSE, which was also its day's low, falling 10.2 percent compared to issue price of Rs 142 and did not see the said issue price till the closing.

Finally, it settled at Rs 135.90, down by 4.3 percent with volume of 1.03 crore equity shares, while on the BSE, it closed at Rs 135.95, with volume of 7.42 lakh shares.

Yatra Online was the fifth company closing the listing day below issue price, after Zaggle Prepaid Ocean Services, Avalon Technologies, Udayshivakumar Infra, and HMA Agro Industries.

The initial public offering of the corporate travel agency was subscribed only 1.61 times during September 15-20.

Also read: Should you buy, sell or hold Yatra Online?

The company has raised Rs 775 crore through its public issue comprising a fresh issuance of shares worth Rs 602 crore, and an offer-for-sale (OFS) of Rs 173 crore shares by selling shareholder. The price band for the offer was Rs 135-142 per share.

"The negative listing is likely due to the company's high P/E valuation, its reliance on the airline ticketing business, and the competitive nature of the travel industry," said Shivani Nyati, Head of Wealth at Swastika Investmart. Overall, she feels Yatra Online is a risky investment.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.