Please find enclosed herewith the Monitoring Agency Report for the quarter ended March 31, 2025.
YATRA · price
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Awaiting price reaction for this filing.
Yatra Online Limited has filed the quarterly Monitoring Agency Report (by ICRA Limited) for the quarter ended March 31, 2025, confirming that IPO proceeds are being used as per the objects stated in the offer document with no material deviations. Of the total net IPO proceeds of ₹570.097 Crore raised in September 2023, the company has utilized ₹497.150 Crore (87.2%) as of March 31, 2025, leaving ₹72.947 Crore unutilized. During Q4 FY25 alone, only ₹3.325 Crore was deployed, entirely into Technology Infrastructure. Marketing and business promotions is nearly fully deployed at ₹339.144 Crore out of ₹340 Crore, while Strategic Investments/Acquisitions stands at ₹128.980 Crore out of ₹150 Crore and General Corporate Purposes at ₹18.400 Crore out of ₹28.097 Crore. The unutilized ₹72.947 Crore is parked in fixed deposits with Yes Bank, Unity SFB and IDFC Bank earning 7.25%-8.25% returns, with small balances in the public issue and monitoring accounts.
Routine SEBI compliance filing — no negative signals for shareholders. Slower-than-expected deployment into Technology Infrastructure (only 20.5% used) is notable, but the company is earning healthy interest (~7.9-8.25%) on idle IPO funds, which is mildly positive for treasury income. No impact on share price expected.