RateGain IPO to hit the market on December 07 and to close on December 09, 2021. RateGain Travel Technologies Limited IPO to raise around Rs.1,335 crores via IPO that comprises fresh issue of Rs.375 crores and offer for sale up to 22,605,530 equity shares of Rs.1 each. The retail quota is 10% while QIB is 75% and HNI is 15%.
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. Check out RateGain IPO
details.
RateGain IPO Details
| Subscription Dates | 7 – 9 December 2021 |
| Price Band | INR405 – 425 per share |
| Fresh issue | INR375 crore |
| Offer For Sale | 22,605,530 shares (INR915.52 – 960.73 crore) |
| Total IPO size | INR1,290.52 – 1,335.73 crore |
| Minimum bid (lot size) | 35 shares (INR14,875) |
| Face Value | INR1 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
RateGain IPO Market Lot
The RateGain IPO minimum market lot is 35 shares with Rs.14,875 application amount. The retail investors can apply up-to 13 lots, 455 shares with Rs.193,375 application amount.
RateGain IPO Date, Time Table, Allotment & Listing
The RateGain IPO date is 07 December 2021 and the IPO close date is 09 December 2021. The allotment date is 14 December 2021 and the IPO may list on 17 December 2021.
| Price Band Announcement: | 02 December 2021 |
| Anchor Investors Allotment: | 06 December 2021 |
| IPO Open Date: | 07 December 2021 |
| IPO Close Date: | 09 Dece mber2021 |
| Basis of Allotment: | 14 Dece mber2021 |
| Refunds: | 15 December 2021 |
| Credit to Demat Account: | 16 December 2021 |
| IPO Listing Date: | 17 December 2021 |
RateGain Company Financial Report
| Rs. in Crores | |||||
| Income | Expense | PAT |
|||
| 2019 | Rs.273 | Rs.263 | Rs.11.03 | ||
| 2020 | Rs.458 | Rs.475 | Rs.20.10 | ||
| 2021 |
Rs.264 | Rs.289 | Rs.28.58 | ||
Company Promoters
- Bhanu Chopra
- Megha Chopra
RateGain IPO Registrar
KFin Technologies Private Limited
Selenium, Tower B, Plot No – 31 and 32
Financial District, Nanakramguda, Serilingampally
Hyderabad, Rangareedi 500 032 Telangana, India
Tel: + 91 40 6716 2222
E-mail: rategain.ipo@kfintech.com
Investor Grievance E-mail:
einward.ris@kfintech.com
Contact Person: M Murali Krishna
Website: www.kfintech.com
SEBI Registration No: INR000000221
#Formerly known as Karvy Fintech Private Limited
Note: Check RateGain IPO allotment status on Karvy website allotment URL. Click Here
RateGain IPO Lead Managers
- Kotak Mahindra Capital Company Limited
- IIFL Securities Limited
- Nomura Financial Advisory and Securities
Company Address
Rategain Travel Technologies Limited
Registered Office:
M-140, Greater Kailash Part II,
New Delhi 110 048
Delhi, India
Corporate Office:
4th and 5th Floor, Prius Global,
Plot No. A-3,4,5, Sector 125,
Noida 201 301, Uttar Pradesh, India;
Contact Person: Sachin Verma
Company Secretary and Compliance Officer
Tel: +91 120 5057 000
E-mail: compliance@rategain.com
Website: www.rategain.com
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