IPO

Rategain Travel Technologies IPO

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IT - Software

Listed On: Dec 17, 2021 at ₹ 360.0(NSE)

₹ 14875 /35 Shares

Check Allotment

07 Dec, 2021

Open Date

09 Dec, 2021

Close Date

15 Dec, 2021

Allotment Date

17 Dec, 2021

Listing Date
Price Summary

Last Closing

655.20 (54.16%)

52 Week High

762.70

52 Week Low

412.85

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹405-425 per equity share
  • Face Value ₹1 Per Equity Share 
  • Issue Price Total : 1335.22 Crores

    #Fresh Issue: N/A Eq Shares of ₹1 (aggregating up to ₹375.00 Cr)
    #Offer for Sale: 22,605,530 Eq Shares of ₹1 (aggregating up to ₹960.22 Cr)
  • Listing at BSE, NSE
  • List Price 360.0(NSE)
  • Listing Date 2021-12-17
  • Lead Manager Kotak Mahindra Capital Company Limited, IIFL Securities Limited, Nomura Financial Advisory and Securities (India) Private Limited
  • Registrar KFintech Private Limited
IPO Details
  • Retail Portion 10% (Number of Retail Applications : 89,400 Approx)
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹405-425 per equity share, which has a face value of ₹1 Per Equity Share  each, IPO bidding starts from Dec 7, 2021 and ends on Dec 9, 2021. The allotment for IPO will be finalized on Dec 15, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Dec 17, 2021. The company shall list its equity shares on the BSE, NSE. KFintech Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Kotak Mahindra Capital Company Limited, IIFL Securities Limited, Nomura Financial Advisory and Securities (India) Private Limited.


The IPO sets its price band at 405-425 for each share. A single application for Rategain Travel Technologies IPO must contain at least 35 shares.

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IPO Subscription Analysis And Details
Retail
8.08x
QIB
8.42x
NII
42.05x
Total
17.40x
As on QIB NII Retail Employee Total
Shares Offered / Reserved 93,93,424 46,96,711 31,31,141 1,29,870 173,51,146
Day 1 07-12-21 05:00 PM
0.00 x 0.04 2.21 x 0.34 x 0.41 x
Day 2 08-12-21 05:00 PM
0.00 x 0.08 3.98 x 0.72 x 0.74 x
Day 3 09-12-21 05:00 PM
8.42 x 42.05 8.08 x 1.36 x 17.40 x
Total No of Applications
663494
Subscription on the basis of Applications
7.42
Valuations
Earnings Per Share (EPS) ₹(2.68)/-
P/E Ratio (158.76)
RoNW (3.41)%
Net Asset Value (NAV) - As on 30.06.21 ₹25.33
Company Financials
In Crs.
In Cr.
31-Aug-21 31-Mar-21 31-Mar-20 31-Mar-19
Assets 428.18 439.80 397.10 284.90
Revenue 131.22 264.09 457.61 272.70
Profit After Tax (8.33) (28.57) (20.10) 11.03
About Company

Rategain are among the leading distribution technology companies globally and are the largest Software as a Service (“SaaS”) company in the hospitality and travel industry in India.

The company is among the leading distribution technology companies globally and are the largest Software as a Service (“SaaS”) company in the hospitality and travel industry in India. offer travel and hospitality solutions across a wide spectrum of verticals including hotels, airlines, online travel agents (“OTAs”), meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises, and ferries. They are one of the largest aggregators of data points in the world for the hospitality and travel industry.

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- Promoter(s)

Bhanu Chopra

Megha Chopra

Pre Issue Share Holding : 67.29%

Post Issue Share Holding : 56.72%

IPO - Issue Objectives
1

Repayment and/or prepayment of indebtedness availed by Rategain UK.

2

Make payment of deferred consideration for acquisition of DHISCO.

3

Strategic investments, acquisition, and inorganic growth.

4

To make investment in technology innovation, artificial intelligence, and other organic growth initiatives.

5

Purchase capital equipment for the company's data center

6

Meet general corporate purposes.

IPO - Anchor Investors

RateGain Travel Technologies mobilises Rs 598 crore from anchor investors ahead of IPO

Marquee investors invested in the company through its anchor book were the Government of Singapore, Monetary Authority of Singapore, Nomura, Golman Sachs, Pinebridge Global Funds, HSBC, Kuber India Fund, Jupiter South Asia Investment Company, Segantii India Mauritius, BNP Paribas, and Tantallon India Fund.

Among others, ICICI Prudential, Nippon Life India Trustee, Aditya Birla Sun Life Trustee, Sundaram Mutual Fund, SBI Life Insurance, and Axis Mutual Fund also participated in the anchor book.