RateGain IPO

IPO Date: 7th - 9th Dec 2021

Price Band

₹405 to ₹425

Issue Size

₹1,335.74 Cr

Market Lot


Face Value

₹1 Per Share

About Rategain Travel Technologies Limited IPO (RateGain IPO) Detail

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.

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 Orher 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 Sale 22,605,530 Eq Shares of ₹1 (aggregating up to ₹960.74 Cr)
Employee Discount 40
QIB Shares Offered Not less than 75% of the issue
NII Shares Offered Not more than 15% of the issue
RII Shares Offered Not more than 10% 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 FAQs

What is RateGain IPO?

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.

When RateGain IPO will open?

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

What is the lot size of RateGain IPO?

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

How to apply for RateGain IPO?

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.

When RateGain IPO allotment?

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 IPO allotment status

When is RateGain IPO listing date?

The RateGain IPO listing date is not yet announced. The tentative date of RateGain IPO listing is Dec 17, 2021.

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