RateGain IPO Date, Share Price, GMP Today, Review & Details, Valuation

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

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 DateDec 7, 2021
IPO Closing DateDec 9, 2021
Face Value₹1 per equity share
Issue TypeBook Built Issue IPO
Market Lot35 Shares
Min Order Quantity35 Shares
IPO Price₹405 to ₹425 per equity share
Issue Size[.] Eq Shares of ₹1
(aggregating up to ₹1,335.74 Cr)
Listing AtBSE, NSE
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 Discount40

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Timetable of RateGain IPO

IPO Open Date7 – Dec – 2021
IPO Close Date9 – Dec – 2021
Basis of Allotment Date14 – Dec – 2021
Initiation of Refunds15 – Dec – 2021
Credit of Shares to Demat Account16 – Dec – 2021
IPO Listing Date17 – Dec – 2021

Financial Report of RateGain Company

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
Emp129,870 Sh = Rs. 50 Cr
Lot size35 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 SecuritiesTo be updated soon
Capital MarketTo be updated soon
Motilal OswalTo be updated soon
KR ChokseyTo be updated soon
Ventura Securities LimitedTo be updated soon
GEPL Capital LtdTo 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