Please find enclosed herewith the Monitoring Agency Report for the quarter ended June 30, 2025.
YATRA · price
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Yatra Online Limited has filed the quarterly Monitoring Agency Report prepared by ICRA Limited covering the use of proceeds from its September 2023 IPO. The company raised a total of Rs 775 Cr (net proceeds of Rs 570.097 Cr after issue expenses). As of June 30, 2025, the company has utilized Rs 499.235 Cr, leaving Rs 70.862 Cr unutilized. Of the three IPO objects — strategic investments/acquisitions (Rs 150 Cr target, Rs 128.98 Cr used), customer acquisition, technology and organic growth (Rs 392 Cr target, Rs 351.86 Cr used), and general corporate purposes (Rs 28.10 Cr target, Rs 18.40 Cr used for working capital) — all are progressing in line with the offer document. The remaining unutilized funds are parked in fixed deposits with Yes Bank, Unity Small Finance Bank and IDFC Bank, earning 7.25%-8.00% interest. ICRA confirmed no deviation from the stated objects and no material issues requiring shareholder concern.
This is a routine SEBI compliance filing that confirms IPO funds are being deployed as promised. The unutilized portion is earning healthy returns through bank fixed deposits. No negative impact on shareholders; reassures investors that management is following the stated use-of-proceeds plan without any diversions.