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.
The IPO aims to utilize the net proceed towards the following purposes;
| 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 |
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 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.
The RateGain IPO opens on Dec 7, 2021 and closes on Dec 9, 2021.
RateGain IPO lot size is 35 Shares and the minimum order quantity is 35 Shares.
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.
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
The RateGain IPO listing date is not yet announced. The tentative date of RateGain IPO listing is Dec 17, 2021.
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