Rategain Travel Technologies IPO

Mainboard

IT - Software

Listed On: Dec 17, 2021 at ₹ 360.0(NSE)

₹ 14875 /35 Shares

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Price Summary

Last Closing

750.35 (76.55%)

52 Week High

921.70

52 Week Low

528.05

Last Update

20-Sep-2024 3:30 PM

IPO Details

07 Dec, 2021

Open Date

09 Dec, 2021

Close Date

15 Dec, 2021

Allotment Date

17 Dec, 2021

Listing Date

Issue Price

₹405-425 per equity share

Face Value

₹1 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFintech Private Limited

List Price

360.0(NSE)

Listing Date

2021-12-17

Market Lot

35 Shares (₹14,875/-)

Lead Manager

Kotak Mahindra Capital Company Limited, IIFL Securities Limited, Nomura Financial Advisory and Securities (India) Private Limited

Issue Size

Total : 1335.22 Crores

#Fresh Issue: N/A Eq Shares of ₹1 (aggregating up to ₹375.00 Cr)
#Offer for Sale: 22,605,530 Eq Shares of ₹1 (aggregating up to ₹960.22 Cr)

Retail Portion

10% (Number of Retail Applications : 89,400 Approx)

Subscription

17.40 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Employee	Total
Shares Offered / Reserved	93,93,424	46,96,711	31,31,141	1,29,870	173,51,146
Day 1 - 07-12-21 05:00 PM	0.00 x	0.04	2.21 x	0.34 x	0.41 x
Day 2 - 08-12-21 05:00 PM	0.00 x	0.08	3.98 x	0.72 x	0.74 x
Day 3 - 09-12-21 05:00 PM	8.42 x	42.05	8.08 x	1.36 x	17.40 x

Total No. of Applications: 663494 (Approx)

Retail Subscription on the basis of Applications: 7.42 times

Valuations

Earnings Per Share (EPS)

₹(2.68)/-

P/E Ratio

(158.76)

RoNW

(3.41)%

Net Asset Value (NAV) - As on 30.06.21

₹25.33

Company Financials All values are in ₹ Cr.

	31-Aug-21	31-Mar-21	31-Mar-20	31-Mar-19
Assets	428.18	439.80	397.10	284.90
Revenue	131.22	264.09	457.61	272.70
Profit After Tax	(8.33)	(28.57)	(20.10)	11.03

About The Company

Rategain are among the leading distribution technology companies globally and are the largest Software as a Service (“SaaS”) company in the hospitality and travel industry in India.

The company is among the leading distribution technology companies globally and are the largest Software as a Service (“SaaS”) company in the hospitality and travel industry in India. offer travel and hospitality solutions across a wide spectrum of verticals including hotels, airlines, online travel agents (“OTAs”), meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises, and ferries. They are one of the largest aggregators of data points in the world for the hospitality and travel industry.

- Promoter(s)

Pre Issue Share Holding: 67.29%

Post Issue Share Holding: 56.72%

Company Promoter(s)

Bhanu Chopra
Megha Chopra

IPO - Issue Objectives

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
Meet general corporate purposes.

IPO - Anchor Investors

RateGain Travel Technologies mobilises Rs 598 crore from anchor investors ahead of IPO

Marquee investors invested in the company through its anchor book were the Government of Singapore, Monetary Authority of Singapore, Nomura, Golman Sachs, Pinebridge Global Funds, HSBC, Kuber India Fund, Jupiter South Asia Investment Company, Segantii India Mauritius, BNP Paribas, and Tantallon India Fund.

Among others, ICICI Prudential, Nippon Life India Trustee, Aditya Birla Sun Life Trustee, Sundaram Mutual Fund, SBI Life Insurance, and Axis Mutual Fund also participated in the anchor book.

IPO - FAQs

Ans. Rategain Travel Technologies IPO is a Mainboard IPO. The issue is priced at ₹405-425 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.

Ans. The Rategain Travel Technologies IPO opens on Dec 7, 2021 and closes on Dec 9, 2021.

Ans. The size of Rategain Travel Technologies IPO is Total : 1335.22 Crores #Fresh Issue: N/A Eq Shares of ₹1 (aggregating up to ₹375.00 Cr) #Offer for Sale: 22,605,530 Eq Shares of ₹1 (aggregating up to ₹960.22 Cr).

Ans. The IPO price band is set between ₹405-425 per equity share.

Ans. To apply for Rategain Travel Technologies IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Rategain Travel Technologies IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Rategain Travel Technologies IPO is Dec 15, 2021.

Ans. The Rategain Travel Technologies IPO will be listed on Dec 17, 2021.

Ans. Follow the steps to check the allotment status for Rategain Travel Technologies IPO here.