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
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 ChopraIPO Details
| IPO Opening Date | Dec 07, 2021 |
| IPO Closing Date | Dec 09, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per equity share |
| IPO Price | ₹405 - 425 per equity share |
| Market Lot | 35 Shares |
| Min Order Quantity | 35 Shares |
| Listing At | BSE, 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)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0x | - | - | 0.03x | 1.86x | 0.34x |
| Day 2 | 0x | - | - | 0.08x | 3.98x | 0.74x |
| Day 3 | 8.42x | - | - | 42.05x | 8.08x | 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 Date | Dec 07, 2021 |
| IPO Close Date | Dec 09, 2021 |
| Basis of Allotment Date | Dec 14, 2021 |
| Initiation of Refunds | Dec 15, 2021 |
| Credit of Shares to Demat Account | Dec 16, 2021 |
| IPO Listing Date | Dec 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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 35 | ₹14875 |
| Maximum | 13 | 455 | ₹193375 |
IPO Promoter Holding
| Pre Issue Share Holding | 67.29% |
| 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
