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Rategain Travel Technologies Limited IPO Detail

Rategain Travel Technologies Limited IPO Detail
RateGain Travel Technologies is one of the travel and hospitality technology services provider companies in India. They are a SaaS company in the hospitality and travel industry with going to be the first SaaS company to list in the stock market. They offer solutions across a wide spectrum of verticals including hotels, airlines, online travel agents, meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises, and ferries.

They also offer a suite of interconnected products that manage the revenue creation value chain for our customers by leveraging our big-data capabilities and integration with other technology platforms helping hospitality and travel providers acquire more guests, retain them via personalized guest experiences and seek to maximize their margins

Company Promoters

Bhanu Chopra and Megha Chopra

IPO Details

IPO Opening DateDec 07, 2021
IPO Closing DateDec 09, 2021
Issue TypeBook Built Issue IPO
Face Value₹1 per equity share
IPO Price ₹405 - 425 per equity share
Market Lot35 Shares
Min Order Quantity35 Shares
Listing AtBSE, NSE
Issue Size₹1,335.74 Cr
Fresh Issue₹375.00 Cr
Offer for Sale₹960.74 Cr
Retail Portion 10%

IPO Subscription (Bidding Detail)

Day 1 0x 0.03x 1.86x 0.31x - 0.34x
Day 2 0x 0.08x 3.98x 0.72x - 0.74x
Day 3 8.42x 42.05x 8.08x 1.36x - 17.4x

IPO Tentative Timetable

The Rategain Travel Technologies Limited IPO open date is Dec 07, 2021, and the close date is Dec 09, 2021. The issue may list on Dec 17, 2021.

IPO Open DateDec 07, 2021
IPO Close DateDec 09, 2021
Basis of Allotment DateDec 14, 2021
Initiation of RefundsDec 15, 2021
Credit of Shares to Demat AccountDec 16, 2021
IPO Listing DateDec 17, 2021

IPO Lot Size

The Rategain Travel Technologies Limited IPO market lot size is 35 shares. A retail-individual investor can apply for up to 13 lots (455 shares or ₹193375).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding67.29%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Crs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 264 289 -28.58
31-Mar-20 458 475 -20.10
31-Mar-19 273 263 10.00

Objects of the Issue:

The IPO aims to utilize the net proceed towards the following purposes;

  • Repayment and/or prepayment of indebtedness availed by Rategain UK.
  • Make payment of deferred consideration for acquisition of DHISCO.
  • Strategic investments, acquisition, and inorganic growth.
  • To make investment in technology innovation, artificial intelligence, and other organic growth initiatives.
  • Purchase capital equipment for the company's data center, and
  • Meet general corporate purposes.

Rategain Travel Technologies Limited IPO Registrar:

KFin Technologies Limited

Rategain Travel Technologies Limited IPO Lead Manager(s):

IIFL Securities Ltd, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd