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RateGain Travel IPO

RateGain Travel Technologies Ltd.

₹14,175 /35 sharesMinimum Investment

IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹425.00₹360.00-₹65.00 (15.29%)

IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
7 Dec ‘21 - 9 Dec ‘21₹14,17535₹405 - ₹425
Issue SizeIPO Doc
1335.74Cr
RHP PDF

Subscription Rate As on 09 Dec '21, 5:00 PM

  • Retail Individual Investor
    8.08x
  • Non-Institutional Investor
    42.04x
  • Qualified Institutional Buyers
    8.42x
  • Employees
    1.37x

About Company

RateGain Travel Technologies is a Software as a Service (“SaaS”) company in the hospitality and travel industry in India and a distribution technology company operating globally. The company offers travel and hospitality solutions across travel verticals including hotels, airlines, online travel agents (“OTAs”), meta-search companies, vacation rentals, package providers, car rentals, and travel management companies.
... Read More
Founded
2012
Managing Director
Bhanu Chopra
RateGain Travel technologies IPO Review, Analysis & Details | Aleena Rais | Upcoming IPO 2021

Strengths & Risks

  • As of June 30, 2021, the company’s customer base of 1,434 customers included eight Global Fortune 500 companies
  • Growing customer base from 1,190 active customers as of March 31, 2019 to 1,434 active customers as of June 30, 2021
  • Enterprise customers accounted for 82.98%, 85.47% and 78.88% of total revenue
  • from operations in Fiscals 2019, 2020 and 2021, respectively.
  • Seven of the company’s top 10 customers have been associated with it for over 10 years
  • As of June 30, 2021, the company covered over 190,000 hotel properties, and processed 7.46 million bookings through its channels
  • Factors such as Covid induced lockdown and movement restrictions can negatively impact the travel industry and could impact company's business
  • The company’s customers typically are not obligated to renew, upgrade, or expand their contracts with the company, which may lead to low customer retention rate
  • The market for SaaS solutions in the hospitality and travel industry is new and is yet to evolve into an organised industry
  • A large portion of the company’s revenues come from a limited number of markets and unfavourable developments in these markets could affect the business
  • Exchange rate fluctuations may adversely affect the business as a portion of its revenues are denominated in foreign currencies
  • In fiscal years 2020 and 2021, the company had losses for the year of Rs 20.10 crore and Rs 28.57 crore, respectively

Financials

*All values are in Rs. Cr
No Graph Data To Display

Top IPO FAQs

What is the issue size of RateGain IPO?

RateGain IPO issue size is Rs 1,335.74 crore

What is 'pre-apply' for RateGain IPO?

Pre-apply will alow you to apply for the RateGain IPO 2 days before the subscription period starts.

If I pre-apply for RateGain IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the RateGain IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my RateGain IPO order is placed?

We will notify you when your RateGain IPO order is placed with the exchange.

What are the open and close dates of the for RateGain IPO?

RateGain IPO date is December 7 to December 9, 2021.

What is the lot size and minimum order quantity of the RateGain IPO?

RateGain IPO price band is Rs 405 to 425 per share and the lot size is 35 shares.

What are the allotment dates for the RateGain IPO?

RateGain IPO allotment date is December 14.

Who is the registrar of RateGain IPO?

RateGain IPO registrar is KFin Technologies Private Limited.

Where is the RateGain IPO getting listed?

The shares are proposed to be listed on the BSE and NSE.
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