India's Yatra Awaits Stronger Investor Confidence Before IPO Launch

Having missed its deadline of launching an Indian initial public offering (IPO) by this month, India-based online travel company Yatra.com has now said that it is “hopeful and confident of getting the IPO done in the near term.”

Yatra began its India investor outreach for its Indian initial public offering at the beginning of the March quarter. However, given the overall macro environment and the global market sentiment, the investor feedback process has taken longer than expected, said co-founder and CEO Dhruv Shringi.

With sentiments subdued in the Indian stock market, companies wanting to launch their initial public offerings are said to be in a "wait-and-watch" mode.

Recent reports also suggest that Indian hospitality aggregator Oyo is ready to slash its IPO size even further.

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