RateGain IPO Date | RateGain IPO Details | RateGain IPO Valuation | RateGain IPO Share Price
RateGain’s initial public offering (IPO) will begin on December 7 and end on December 9, 2021. The IPO of RateGain IPO Travel Technologies Limited raised about Rs. 1,335 crores, with a fresh issue of 375 crores and an offer for sale of up to 22,605,530 equity shares of 1 apiece. Retail has a 10% quota, while QIB has a 75% quota and HNI has a 15% quota.
About RateGain Travel Technologies (RgTT) Company
RateGain Travel Technologies (RgTT) is a global leader in marketing technology and India’s largest Software as a Service (“SaaS”) provider in the hospitality and tourism industries. It provides travel and hospitality services to hotels, airlines, online travel agents, meta-search businesses, vacation rentals, package providers, car rentals, trains, travel management companies, cruises, and ferries across a wide range of sectors. It is one of the world’s major data organizers for the hospitality and travel industries.
RgTT launched a competitor analysis price comparison product for hotels in 2004 and has since expanded its product portfolio to include artificial intelligence and machine learning capabilities that leverage its in-house data lake to offer products in the areas of rate intelligence, cognitive expense management, smart distribution, and brand engagement. It offers a suite of linked products that enable hospitality and travel companies to gain more guests, keep them through personalized guest experiences, and maximize their margins by leveraging its big-data capabilities and interaction with other technological platforms. RgTT caters to a big and expanding total addressable market. Third-party travel and hospitality technology is expected to be a US $ 5.91 billion market in 2021, with a CAGR of 18% to reach an estimated US $ 11.47 billion in 2025.
RateGain IPO Competitive advantages
Some of the competitive advantages of the RateGain are as follows:
- Industry-relevant Artificial Intelligence-driven SaaS solution provider.
- As of June 30, 2021, the company had 1434 customers, including 8 Fortune 500 companies from throughout the world.
- For the travel and hospitality industry, they provide a comprehensive product portfolio.
- Domain expertise and a diverse management team.
- Strong financial performance and a proven track record of post-acquisition accelerated success.
Objectives of RateGain IPO
The net proceeds from the IPO will be used for the following purposes:
- RateGain UK offers debt repayment and/or prepayment options.
- Acquisitions, strategic investments, and inorganic expansion are all examples of inorganic growth.
- Make a delayed contribution payment for the purchase of DHISCO.
- Acquire capital equipment for the data centre of the corporation, as well as meet basic corporate objectives.
- To invest in technological advancements, artificial intelligence, and other organic growth initiatives.
RateGain IPO Details
| IPO Opening Date | Dec 7, 2021 |
| IPO Closing Date | Dec 9, 2021 |
| Face Value | ₹1 per equity share |
| Issue Type | Book Built Issue IPO |
| Market Lot | 35 Shares |
| Min Order Quantity | 35 Shares |
| IPO Price | ₹405 to ₹425 per equity share |
| Issue Size | [.] Eq Shares of ₹1 (aggregating up to ₹1,335.74 Cr) |
| Listing At | BSE, NSE |
| Fresh Issue | [.] Eq Shares of ₹1 (aggregating up to ₹375.00 Cr) |
| Offer for Sale | 22,605,530 Eq Shares of ₹1 (aggregating up to ₹960.74 Cr) |
| Employee Discount | 40 |
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Timetable of RateGain IPO
| IPO Open Date | 7 – Dec – 2021 |
| IPO Close Date | 9 – Dec – 2021 |
| Basis of Allotment Date | 14 – Dec – 2021 |
| Initiation of Refunds | 15 – Dec – 2021 |
| Credit of Shares to Demat Account | 16 – Dec – 2021 |
| IPO Listing Date | 17 – Dec – 2021 |
Financial Report of RateGain Company
| Income | Expense | PAT | |
| 2019 | ₹273 Crores | ₹263 Crores | ₹11.03 Crores |
| 2020 | ₹458 Crores | ₹475 Crores | ₹20.10 Crores |
| 2021 | ₹264 Crores | ₹289 Crores | ₹28.58 Crores |
RateGain IPO Date & Price Band
| IPO Open: | 07 December 2021 |
| IPO Close: | 09 December 2021 |
| IPO Size: | Approx ₹1,335 Crores |
| Fresh Issue: | Approx ₹375 Crores |
| Offer for Sale: | Approx 22,605,530 Equity Shares |
| Face Value: | ₹1 Per Equity Share |
| Price Band: | ₹405 to ₹425 Per Share |
| Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | ₹40 for Employees |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
RateGain IPO Market Lot
| Minimum Lot Size: | Minimum 35 Shares for 1 lot |
| Maximum Lot Size: | Maximum 455 Shares for 13 lot |
| Minimum Amount: | ₹14,875 for 1 lot |
| Maximum Amount: | ₹193,375 for 13 lot |
Shares offered
| QIB | (75%) | 23033215 Shares = Rs 978.91 Cr |
| NII | (15%) | 4606643 Shares = Rs 195.78 Cr |
| RII | (10%) | 3071095 Shares = Rs 130.52 Cr |
| Emp | – | 129,870 Sh = Rs. 50 Cr |
| Lot size | – | 35 Shares = 87745 Forms |
Steps to apply for RateGain IPO Form
You can apply RateGain IPO via ASBA available in your bank account by following the below-given steps:
- Now fill in the form with First of all, go to the online bank website.
- Now, open your bank account.
- Select the RateGain IPO in the Invest section
- Fill in all the required details and complete the process.
- You can also apply for RateGain IPO through IPO forms download via NSE and BSE.
- Check out the RateGain forms
- After that, click on the NSE Forms & BSE Forms
- IPO forms will open on the screen.
- Download the form.
- After that, fill in the form with all the required details
- Submit the form in your bank or with your broker.
Company Promoters
The Company Promoters are as follows:
| S. No. | Promoters Name |
| Mr. Anand Rathi | |
| Anand Rathi Financial Services Limited | |
| Mr. Pradeep Gupta |
RateGain IPO Registrar
| Address: | KFin Technologies Private LimitedSelenium, Tower B, Plot No – 31 and 32Financial District, Nanakramguda, SerilingampallyHyderabad, Rangareedi 500 032 Telangana, India |
| Contact Number: | + 91 40 6716 2222 |
| E-mail id: | rategain.ipo@kfintech.com |
| Investor grievance e-mail id: | einward.ris@kfintech.com |
| Contact Person: | M Murali Krishna |
| Official Website: | www.kfintech.com |
| SEBI Registration No.: | INR000000221 |
Lead Managers of RateGain Company
Some of the Lead Managers of RateGain Company are as follows:
| S. No. | Managers Name |
| Kotak Mahindra Capital Company Limited | |
| Nomura Financial Advisory and Securities | |
| IIFL Securities Limited |
Brokerage Firm RateGain IPO Reviews
| ICICI Securities | To be updated soon |
| Capital Market | To be updated soon |
| Motilal Oswal | To be updated soon |
| KR Choksey | To be updated soon |
| Ventura Securities Limited | To be updated soon |
| GEPL Capital Ltd | To be updated soon |
RateGain 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
- Phone Number: +91 120 5057 000
- E-mail Id: compliance@rategain.com
- Website: www.rategain.com