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Rategain Travel Technologies Limited IPO (RateGain IPO) Detail

Dec 7, 2021 - Dec 9, 2021

RateGain Travel Technologies is one of the leading distribution technology companies globally and the largest Software as a Service (SaaS) provider in the travel and hospitality industry in India. The firm offers travel and hospitality services across different verticals like hotels, airlines, online travel agents, meta-search companies, package providers, car rentals, cruises, and ferries. The business provides inter-connected products to manage the revenue creation value chain leveraging big data capabilities and integration and over the period, expanded product portfolio to artificial intelligence and machine learning capabilities.

RateGain Travel delivers travel and hospitality technology solutions through the SaaS platform through 3 business units; 1. Data as a Service (DaaS), 2. Distribution, and 3. Marketing Technology (MarTech). As of June 30 2021, the business serves over 1400 customers including 8 Global Fortune 500 Companies. Six Continents Hotels, InterContinental Hotels Group, Kessler Collection, Lemon Tree Hotels, Oyo Hotels, and Homes Pvt Ltd are some of the marquee customers served by the company.

Competitive strengths

  • Strong customer base with 1434 customers including 8 Global Fortune 500 Companies as of June 30, 2021.
  • Innovative Artificial intelligence-driven industry-relevant SaaS solution provider.
  • Comprehensive product portfolio solutions for the travel and hospitality industry.
  • Strong financial performance with an established track record of successful acceleration post-acquisition.
  • Diversified management team with domain expertise.

Company Promoters:

Bhanu Chopra and Megha Chopra are the company promoters.

Company Financials:

Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (₹ in Millions)
31-Aug-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 4,281.89 4,398.04 3,971.08 2,849.02
Total Revenue 1,312.23 2,640.91 4,576.13 2,727.00
Profit After Tax - 83.37 - 285.75 - 201.04 110.34

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 IPO Details

IPO Opening Date Dec 7, 2021
IPO Closing Date Dec 9, 2021
Issue Type Book Built Issue IPO
Face Value ₹1 per equity share
IPO Price ₹405 to ₹425 per equity share
Market Lot 35 Shares
Min Order Quantity 35 Shares
Listing At BSE, NSE
Issue Size[.] Eq Shares of ₹1
(aggregating up to ₹1,335.74 Cr)
Fresh Issue[.] Eq Shares of ₹1
(aggregating up to ₹375.00 Cr)
Offer for Sale22,605,530 Eq Shares of ₹1
(aggregating up to ₹960.74 Cr)
Employee Discount 40
QIB Shares OfferedNot less than 75% of the issue
Retail Shares OfferedNot more than 10% of the issue
NII (HNI) Shares OfferedNot more than 15% of the issue

RateGain IPO Tentative Timetable

The RateGain IPO open date is Dec 7, 2021, and the close date is Dec 9, 2021. The issue may list on Dec 17, 2021.

IPO Open Date Dec 7, 2021
IPO Close Date Dec 9, 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

RateGain IPO Lot Size

The RateGain IPO market lot size is 35 shares. A retail-individual investor can apply for up to 13 lots (455 shares or ₹193,375).

Application Lots Shares Amount (Cut-off)
Minimum 1 35 ₹14,875
Maximum 13 455 ₹193,375

RateGain IPO Promoter Holding

Pre Issue Share Holding 67.29%
Post Issue Share Holding 56.72%

RateGain IPO Review

While this company has been posting losses post-pandemic in line with general trends for the segments, it kept adding its services and has widened its products folio from 4 to 10 during this period. Opening up of the economy will have fast forward mode for travel and hospitality segment which augurs well for this global player. No doubt, the ongoing pandemic scare with a new variant (Omicron) is keeping a tab on the general sentiment, RTTL will emerge as the niche player with its widened product portfolio. Post listing, this company may generate first-mover fancy and gain momentum. Negative earnings are a concern for a while, but keeping future prospects in mind, risk seeker/cash surplus investors may consider an investment with a long term perspective. Others may skip it. Read detail review...

RateGain IPO Subscription Status (Bidding Detail)

The RateGain IPO is subscribed 17.41 times on Dec 9, 2021 5:00:00 PM. The public issue subscribed 8.08 times in the retail category, 8.42 times in the QIB category, and 42.04 times in the NII category. Check Day by Day Subscription Details (Live Status)

Application Wise IPO Subscription (Retail): 7.34 times

CategorySubscription (times)
QIB8.42
NII42.04
Retail8.08
Employee1.37
Total17.41

RateGain IPO Prospectus

RateGain IPO Rating

856
3.8
Rating:Rated 3.8 stars
Vote Here ...

RateGain IPO Listing Date

Listing Date Friday, December 17, 2021
BSE Script Code 543417
NSE Symbol RATEGAIN
Listing In B Group of Securities
ISIN INE0CLI01024
IPO Price ₹425 per equity share
Face Value ₹1 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹425.00
₹364.80
₹334.10
₹382.00
₹340.50
NSE
₹425.00
₹360.00
₹333.85
₹383.00
₹340.05

Company Contact Information

Rategain Travel Technologies Limited
M-140, Greater Kailash Part II,
New Delhi 110 048, Delhi, India

Phone: +91 120 5057 000
Email: compliance@rategain.com
Website: https://rategain.com/

RateGain IPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: rategain.ipo@kfintech.com
Website: https://karisma.kfintech.com/

RateGain IPO FAQs

RateGain IPO is a main-board IPO of [.] equity shares of the face value of ₹1 aggregating up to ₹1,335.74 Crores. The issue is priced at ₹405 to ₹425 per equity share. The minimum order quantity is 35 Shares.

The IPO opens on Dec 7, 2021, and closes on Dec 9, 2021.

KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in RateGain IPO using UPI as a payment gateway. Zerodha customers can apply in RateGain IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in RateGain IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'RateGain IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The RateGain IPO opens on Dec 7, 2021 and closes on Dec 9, 2021.

RateGain IPO lot size is 35 Shares and the minimum order quantity is 35 Shares.

You can apply in RateGain IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for RateGain IPO will be done on Dec 14, 2021, and the allotted shares will be credited to your demat account by Dec 16, 2021. Check the RateGain IPO allotment status.

The RateGain IPO listing date is on Friday, December 17, 2021.

RateGain IPO Message Board

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