Rategain Travel Technologies Limited IPO Message Board (Page 19)

Cut off price 425@FV1? You got to be kidding me!! Star Health itself seems better priced Ipo compared to this. God save retailers!

RateGain GMP 125

GMP 135 @3:35 pm

how to check real time GMP? please advise

You''ll find a GMP tab above, under the header. Click on it to get redirected to the GMP website

How does the company dare to fix the price of fv 1 at 425 ?

We have never seen such fanfare of the loss makers .

Greetings @AsokeSarkar!

You are very right about this IPO rush which is nothing short of a frenzy pushed massively by stagging. The retail primary markets have seen a boom in the number of stags in the past 2 years globally. While Stags do serve a purpose by bringing fresh short term liquidity into the markets, excess of liquidity over a sustained period causes price rise which is exactly what is happening with IPO pricing these days.

We are currently witnessing stocks being priced ostentatiously, stocks which are bound to turn to pennies within a decade. On the contrary, we have also noticed some really good stocks offering immense value which did not get their due share but are beginning to enter a cycle of wealth generation.

It all depends on how an investor targets a stock. Some are in it for the moment while others are in it for the long haul. A seasoned investor would anyways never get involved in stagging. If history is anything to go by, there hasn''t ever been a trader who has made it in the markets but always an investor who ends up being the generator of wealth.

Best Wishes & Happy Investing!

IPO Name      GMP      Kostak      Subject
Star Health
Rs -      Rs -      Rs -
Tega Industries
Rs 410      Rs 550      Rs 10000
Anand Rathi Wealth
Rs 125      Rs 250      Rs 3000
RateGain
Rs 140      Rs -      Rs
Adani Wilmar
Rs 140      Rs -      Rs -

Another loss making company..
But trend is if company book loss in past year..
Ipo is successfully hit in market..😃😃

@VS P, your post made me search for this Tulip Bulb (Dutch) mania of 12 Nov 1636 to 09 Feb 1637 and extrapolated to 01 May 1937. It was a very interesting read. Your post are truly making waves here...

20% Listing gain cannot be ruled out as it is from IT area and sentiment is positive for that.

My views
Co. customize software for their customers as per their needs which is called Saas(software as a service).
This is really a big industry as per current covid situation asa everyone is ginving services almost online like: Comedian, Teachers, Preachers, Motivational Speakers , Content creators, Dancing classes, Singing clases etc............. all need a good software to run them professionally i which this co. can help

so for long term it is a good portfolio stock
for listing gain will have to wait for final figures

others views are welcomed
thanks

@ BK. Sir,,

Data Patterns ipo most probably will come in mid December so no chance that it will clash with RTT but can''t confirm anything.
Only concern is the release of the fund till DP ipo date comes.

Anyway we wait and see how the euphoria is around RTT - we flow with river current & not against it. 🤞🤞

Greetings @BKSinghania!

One should not confuse a delivery model and a revenue model as both are as different as chalk and cheese. SaaS is a product delivery model while PayPerUser, Subscription, One Time Payment etc. are revenue models.

SaaS typically involves offering a standardised product/ service across user base and involves commoditizing a product and offering it as a service. The IT infrastructure can be hosted in a native data canter as is planned by Rategain in Dallas, TX or over cloud IaaS providers like AWS, Azure, IBM, Google etc.

What you are quoting is a traditional method of IT productization which may involve building a custom product grounds up or taking an existing product and making custom modifications. This kind of a solution can both be deployed on-premise or remotely over a native or cloud infrastructure. This can be offered in any revenue model - a one time payment model, a subscription model, a per user model, a pay per use model, or a hybrid model as is typically agreed to in the contract right and typically made clear from the RFI/ RFP stage.

Hope this brings in some much required clarity. As for this IPO, there are speculators/ gamblers, and then there are serious investors. Our synopsis on this IPO is directed towards only serious investors who believe in value investing. To speculate and gamble, there are better avenues which can make ten times the money in 1/10th the amount of time.

I am not applying this ipo. Looks like expensive, loss making company, rest of all you guys decide.

looks like good company let wait for price band and other details

Kindly share your analysis on how or why this looks like a good company. We are sure that such information would be very useful to a lot of people here.

Tatti share.

Extract from Mckinsey website
(Who do not know about Mckinsey can find out for their own knowledge)
The purest test of a management team and its operational discipline is arguably how well it can maintain strong shareholder returns as the business matures. That’s especially true for software as a service (SaaS). Despite the sector’s image as a bastion of hypergrowth, only a small share of SaaS companies sustains growth rates above 30 to 40 percent.

As businesses near the top of their initial S-curve, revenue growth tends to slow and free cash flow becomes more important. Spending needs to align with realistic growth forecasts, and growth from existing customers driven by customer retention, cross-sell, and upsell takes on greater significance. Knowing which levers to pull and which targets to aim for is especially important in SaaS because of the lag between bookings and revenues, the upfront expense of acquiring customers, and the constant rate of R&D spend required to keep features and products current.

How well leaders do in balancing these demands is where the “Rule of 40” comes into play. The popular metric says that a SaaS company’s growth rate when added to its free cash flow rate should equal 40 percent or higher. The rule has become a favorite of SaaS industry watchers, including boards and management teams, because it neatly distills a company’s operating performance into one number.

SO judge them on this metric

Agreed...but beyond the S-curve theory there are multiple other metrics that one needs to look at for a SaaS play which include LTV, CAC, ACV, ACL, Bookings, Churn, Net Retention, Net Customer Addition, Sales Efficiency etc and unfortunately the management has done a very poor job of laying these out for the discerning reader!

Also, for this Company...it fairs very very very poorly on the Rule of 40 even in its best year of FY20...revenue grew by 50% but FCF degrew by more than 50% and hence overall negative...even worse if you look at it for FY21 or YTD Aug''FY22 but I think all of this financial analysis is paralysis coz the market is already giving it a 30-40% premium :)

Why do Mckinsey speak in riddles? Thanks but NeoLongus`s views are way more reader friendly and direct

Gmp of rategain travel is 160 - 165 rs.

RateGain - Rate Gain in GMP. GMP now reached to 180 @ 9 PM.

Message posters about Covid in travel sector should also see performance of Easemytrip since IPO till date.
Last year in 2020 I had purchase Indian Hotel at Rs 70 which on ex rights price is trading at Rs 180. So that is how the needle has moved

Kindly guide someone, what is the relevance of IPO price. As per my understanding, it is the valuation of IPO which is important. if company "A" offer only a single share of rs 15000/ on reasonable valuation and company "B" offers 100 shares of Rs 150 at a high valuation in this case company "A" is good compared to company "B"for IPO investor. I am new to the market so kindly guide someone, plz.

Not understood. As you yourself are saying that valuation of A is reasonable at price of Rs 15000 and B is expensive at Rs 150 so what is the question further. However question could have been that whether investor would prefer to buy 1 share of Rs 15000 or 100 shares at Rs. 150 for same company A
Then as per market it will vote for 100 shares for Rs 150 despite both valuation being equal. Now comes concept of liquidity and Gala

IPO Name      GMP      Kostak      Subject
Star Health
Rs 15      Rs -      Rs -
Tega Industries
Rs 400      Rs 500      Rs 6000
Anand Rathi Wealth
Rs 125      Rs -      Rs -
RateGain
Rs -      Rs -      Rs -
Adani Wilmar
Rs 120      

RII AVAILABLE ONLY ARROUND 25000 . VERY TOUGH ALLOTMENT .

Rii total 89426 lots available..

In current year average application number in an IPO is more than 15 lakh. So This IPO will easily be oversubscribed in retail given small retail portion of 10%

It is first of kind company getting listed in Indian bourses. Key in these business is what is called rule of forty
The popular metric says that a SaaS company''s growth rate when added to its free cash flow rate should equal 40 percent or higher. The rule has become a favorite of SaaS industry watchers, including boards and management teams, because it neatly distills a company''s operating performance into one number

So i am bullish on this company

Loss making company
1 paid up

Then great...

I think the price will be between 350 to 375

you are almost right

it is only we are responsible that every company is coming with high price IPO. If we will stop to apply than SEBI and other related will open there eyes fully and instruct them to fix the IPO price very reasonable. Only JANTA like us here so any body comes and make us fool and take away our hard earned money. There should be vey transparent mechanism and control over the greedy companies/persons. Also there should be such rules , that if Prce should not go down drastically from the IPO price. We all are bearing vey huge losses from such IPOs from a very long period.