RateGain Travel IPO

RateGain Travel Technologies Ltd.

₹14,175 /35 sharesMinimum Investment

RateGain Travel 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 Status 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 RateGain Travel

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. ;
Parent Organisation
RateGain Travel Technologies Ltd.
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
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Application details

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