Yatra Online, a travel and travel-related services company, debuted on the stock market at a discount of 10.2% to the issue price of Rs 142. The IPO was subscribed 1.61 times on the last day of bidding, and the company raised Rs 62 crore in pre-IPO placement. Analysts believe Yatra is well-positioned to capture a significant share in India’s growing travel industry. The Indian travel industry is expected to grow at a CAGR of 9-11% during FY23-28. In FY23, Yatra recorded revenue growth of 81% and a profit of Rs 7.6 crore.
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