Home  »  Ipo Review  »  Rategain Travel Technologies Ipo

Let’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 ValueRs 1
Price BandRs 405 to Rs 425
Listing AtBSE, NSE
Min. Order Quantity35 Shares
Listing DateDec 17, 2021
Offer for SaleRs 9607.40 Million
Fresh IssueRs 3750 Million
IPO SizeRs 13357.40 Million
Tick Size1

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 Travel Technologies IPORategain 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 / DateQIBNIIRIIEmpTotal Subscription
1st Day – 7th Dec0.00x0.04x2.23x0.34x0.41x
2nd Day –  8th Dec0.00x0.08x3.98x0.72x0.75x
3rd Day – 9th Dec8.42x42.04x8.08x1.37x17.41x
Shares Offered or Net Issue9,393,4244,696,7113,131,141129,87017,351,146

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 FinalizationDec 14, 2021
Refunds InitiationDec 15, 2021
Credit of Shares to Demat AccountDec 16, 2021
Share Listing DateDec 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


Open Free Demat Account Now!

    Fill Your Details Here


    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-2131-Mar-21Mar-2031-Mar-19
    Total Assets4,281.894,398.043,971.082,849.02
    *Total Revenue1,312.232,640.914,576.132,727.00
    Total Expense1,358.632,887.194,753.752,632.13
    Profit After Tax(83.37)(285.75)(201.04)110.34

    Earnings per Equity Share (in Million)

    31-Aug-2131-Mar-21Mar-2031-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:

    1. BHANU CHOPRA
    2. 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 MakersUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
    Million
    Of which:
    Retail Investors Portion Not less than [●] Equity Shares
    Other than Retail Individual InvestorsNot more than [●] Equity Shares
     Equity Shares outstanding prior to the Issue96,408,480 Equity Shares
     Equity Shares outstanding after the IssueX Equity Shares

    Rategain Travel Technologies IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Repayment/prepayment of indebtedness availed by RateGain UK, one of their Subsidiaries, from Silicon Valley Bank;
    2. Payment of deferred consideration for the acquisition of DHISCO;
    3. Strategic investments, acquisitions, and inorganic growth;
    4. Investment in technology innovation, artificial intelligence, and other organic growth initiatives;
    5. 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 EPSRONW (%)NAV (Rs.)
    31-Mar-21(3.09)(11.67)26.49
    31-Mar-20(2.27)(14.60)
    Mar-191.247.70

    Rategain IPO: Competitive Peers

    Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Millions)
    Rategain Travel Technologies Limited1[●](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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

     


    Subscribe to Rategain Travel Technologies IPO

      Fill Your Details Here


      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.


      Calculate your return on investment!


      Asset ClassROI (Rs.)Profit (Rs.)Profit (%)
      IPO
      Equity
      Savings
      Real Estate
      Gold
      Bonds
      Fixed Deposit
      Mutual Fund


      Featured Topics

       

      Leave a Reply

      Your email address will not be published. Required fields are marked *

      24 + 9 =

      Get 100% IPO Allotment Guarantee! Subscribe to IPO