Rategain Travel Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Apr 25, 2022Let’s have a detailed review of the company and analytics of the Rategain Travel Technologies IPO release date, IPO offer price, subscription, Rategain Travel Technologies Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 1 |
| Price Band | Rs 405 to Rs 425 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 35 Shares |
| Listing Date | Dec 17, 2021 |
| Offer for Sale | Rs 9607.40 Million |
| Fresh Issue | Rs 3750 Million |
| IPO Size | Rs 13357.40 Million |
| Tick Size | 1 |
Rategain Travel Technologies IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Rategain Travel Technologies IPO – Summary
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.
The Promoter of this company is BHANU CHOPRA AND MEGHA CHOPRA. The lead manager to the issue is Kotak Mahindra Capital Company Limited, IIFL Securities Limited, and Nomura Financial Advisory and Securities (India) Private Limited, and the Registrar to this issue is KFin Technologies Private Limited.
Rategain Travel Technologies IPO Date
The opening and the closing date of Rategain Travel Technologies IPO are Dec 7, 2021, and Dec 9, 2021, respectively.
Check out Related IPO Links:
| Rategain Travel IPO GMP |
| Allotment – Rategain Travel IPO |
Rategain Travel Technologies IPO Subscription
| Day / Date | QIB | NII | RII | Emp | Total Subscription |
| 1st Day – 7th Dec | 0.00x | 0.04x | 2.23x | 0.34x | 0.41x |
| 2nd Day – 8th Dec | 0.00x | 0.08x | 3.98x | 0.72x | 0.75x |
| 3rd Day – 9th Dec | 8.42x | 42.04x | 8.08x | 1.37x | 17.41x |
| Shares Offered or Net Issue | 9,393,424 | 4,696,711 | 3,131,141 | 129,870 | 17,351,146 |
The shares subscribed by the public will be updated here.
Check Rategain Travel Technologies IPO LIVE Subscription
- Rategain Travel Technologies IPO LIVE Bid details on BSE
- Rategain Travel Technologies IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Rategain Travel Technologies IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Rategain Travel Technologies Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Dec 14, 2021 |
| Refunds Initiation | Dec 15, 2021 |
| Credit of Shares to Demat Account | Dec 16, 2021 |
| Share Listing Date | Dec 17, 2021 |
Rategain Travel Technologies IPO Price Band
The face value of each share is Rs.1, but the price band of the IPO is Rs 405 to Rs 425
Rategain Travel Technologies IPO Equity Size
This Initial Public Issue of X Equity Shares of Rs.1 each for cash at a price of Rs 405 to Rs 425 per equity share aggregating to Rs.13357.40 Million.
Rategain Travel Technologies IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.1/ each.
Issue Size: X Equity Shares of Rs.1 each, aggregating to Rs.13357.40 Million
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Rategain Travel Technologies IPO – Live Performance
The listing date of this IPO is Dec 17, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Rategain Travel Technologies Share Price |
Rategain Travel Technologies IPO Grey Market Premium
The Rategain Travel Technologies Limited IPO Grey Market Premium price is Rs 30, the Kostak rate is Rs NA and the Subject to Sauda is NA.
Rategain Travel Technologies IPO – Company Overview
The company offer a suite of interconnected products that manage the revenue creation value chain for their customers by leveraging their big-data capabilities and integration with other technology platforms helping hospitality and travel providers acquire more guests, retain them via personalized guest experiences and seek to maximize their margins.
They began operations in 2004 with the introduction of a competitive intelligence price comparison product for hotels and have over the last 15 years, expanded their product portfolio to include artificial intelligence and machine learning capabilities that leverage their in-house data lake to offer products in the areas of rate intelligence, cognitive revenue management, smart distribution, and brand engagement.
Also, they serve a large and rapidly growing total addressable market. Third-party travel and hospitality technology are estimated to be a US$ 5.91 billion market in 2021 growing to an estimated U$ 11.47 billion in 2025 at a CAGR of 18%.
Enterprise applications focused on the guest acquisition, distribution, revenue maximization and wallet share expansion in the hospitality and travel industry have a serviceable addressable market size of $4.34 billion in 2021, growing to an estimated US$ 8.45 billion in 2025.
Rategain Travel Technologies IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | ||||
| 31-Aug-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 4,281.89 | 4,398.04 | 3,971.08 | 2,849.02 |
| *Total Revenue | 1,312.23 | 2,640.91 | 4,576.13 | 2,727.00 |
| Total Expense | 1,358.63 | 2,887.19 | 4,753.75 | 2,632.13 |
| Profit After Tax | (83.37) | (285.75) | (201.04) | 110.34 |
Earnings per Equity Share (in Million)
| 31-Aug-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | (0.86) | (3.09) | (2.27) | 1.24 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. (285.75) Million, Rs. (201.04) Million and Rs. 110.34 Million respectively.
Rategain Travel Technologies IPO – Promoters
The Promoter of this company is:
- BHANU CHOPRA
- MEGHA CHOPRA
List of Related Parties (Key Managerial Personnel)
- Bhanu Chopra, Chairman, and Managing Director
- Megha Chopra, Executive Director
- Nishant Kanuru Rao, Non-Executive Nominee Director
- Girish Paman Vanvari, Independent Director
- Aditi Gupta, Independent Director
- EC Rajakumar Konduru, Independent Director
Rategain Travel Technologies IPO – Promoters Holding
- Pre Issue Share Holding – 67.29%
- Pos Issue Share Holding – 56.72%
Rategain Travel Technologies IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to X Equity Shares aggregating up to Rs.13357.40 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 96,408,480 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Rategain Travel Technologies IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Repayment/prepayment of indebtedness availed by RateGain UK, one of their Subsidiaries, from Silicon Valley Bank;
- Payment of deferred consideration for the acquisition of DHISCO;
- Strategic investments, acquisitions, and inorganic growth;
- Investment in technology innovation, artificial intelligence, and other organic growth initiatives;
- Purchase of certain capital equipment for their Data Center; and 6. General corporate purposes
Rategain Travel IPO – Business Strategy
- Continue to scale DaaS and Distribution offerings through cross-selling and geographical expansion in existing and adjacent verticals
- Focus on MarTech solutions for the hospitality and travel sector
- Continue to leverage unique data assets to create new AI product offerings
- Pursue strategic investment and acquisition opportunities
Rategain Travel Technologies IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Marquee global customers with long-term relationships;
- Innovative AI-driven industry-relevant SaaS solutions;
- Diverse and comprehensive portfolio of revenue maximization and business-critical solutions;
- Strong financial performance with a track record of successful acceleration post acquisitions; and
- Global and diverse management team with relevant technology and domain expertise and focus on employee welfare
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | (3.09) | (11.67) | 26.49 |
| 31-Mar-20 | (2.27) | (14.60) | – |
| Mar-19 | 1.24 | 7.70 | – |
Rategain IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Rategain Travel Technologies Limited | 1 | [●] | (3.09) | (11.67) | 2,640.91 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Rategain Travel Technologies IPO Lead Managers
| Lead Managers |
|
Kotak Mahindra Capital Company Limited IIFL Securities Limited Nomura Financial Advisory and Securities (India) Private Limited |
Rategain IPO Registrar to offer
| Registrar to the Offer |
| KFin Technologies Private Limited Selenium, Tower B, Plot No – 31 and 32 Financial District, Nanakramguda, Serilingampally Hyderabad, Rangareedi 500 032 Telangana, India Tel: + 91 40 6716 2222 E-mail: rategain.ipo@kfintech.com Investor Grievance E-mail: einward.ris@kfintech.com Contact Person: M Murali Krishna Website: www.kfintech.com SEBI Registration No: INR000000221 Formerly known as Karvy Fintech Private Limited |
Rategain Travel IPO – Other Details
- Statutory Auditor – Walker Chandiok & Co LLP
- Legal Counsel to the Company – Shardul Amarchand Mangaldas & Co
- Bankers to the Company – HDFC Bank Limited and Axis Bank Limited
Rategain Travel IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Rategain Travel Technologies Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Rategain Travel Technologies IPO Review FAQs
Ques – What is the Issue Size of Rategain Travel Technologies IPO?
Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Rategain Travel Technologies IPO?
Answer – The price band for this particular IPO ranges between Rs 405 to Rs 425. As far as the face value of the share is of concern, it is Rs.1 per share.
Ques – What is the Rategain Travel Technologies IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Dec 7, 2021, while the closing date is set at Dec 9, 2021.
Ques – What is the Rategain Travel IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Dec 14, 2021, refund initiation is on Dec 15, 2021, credit of shares is on Dec 16, 2021, and share listing date is on Dec 17, 2021.
Ques – What is the Rategain Travel IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges on Dec 17, 2021. The date, when the listing would be done, is stagnant on Dec 17, 2021.
Ques – Who is the Registrar of Rategain Travel IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Rategain Travel IPO?
Answer – Here are the promoters of this IPO – BHANU CHOPRA AND MEGHA CHOPRA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Rategain Travel Technologies IPO?
Answer – They have obtained the GMP of this IPO and it is Rs 30. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Rategain Travel IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Rategain Travel Technologies?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is (285.75), 2020 is (201.04), 2019 is 110.34.
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