Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Rategain Travel Technologies IPO is a book build issue of ₹1,335.74 crores. The issue is a combination of fresh issue of 0.88 crore shares aggregating to ₹375.38 crores and offer for sale of 2.26 crore shares aggregating to ₹960.37 crores.
Rategain Travel Technologies IPO bidding started from Dec 7, 2021 and ended on Dec 9, 2021. The allotment for Rategain Travel Technologies IPO was finalized on Dec 14, 2021. The shares got listed on BSE, NSE on Dec 17, 2021.
Rategain Travel Technologies IPO price band is set at ₹425.00 per share . The lot size for an application is 35. The minimum amount of investment required by an retail is ₹14,175 (35 shares). The lot size investment for sNII is 14 lots (490 shares), amounting to ₹2,08,250, and for bNII, it is 68 lots (2,380 shares), amounting to ₹10,11,500.
The issue includes a reservation of up to 1,29,870 shares for employees offered at a discount of ₹40.00 to the issue price.
IIFL Capital Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Rategain Travel Technologies IPO RHP for detailed Information.
| IPO Date | December 7, 2021 to December 9, 2021 |
| Listing Date | December 17, 2021 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹405 to ₹425 per share |
| Issue Price Final | ₹425 per share |
| Lot Size | 35 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 3,14,41,282 shares (aggregating up to ₹1,335.74 Cr) |
| Fresh Issue | 88,35,752 shares (aggregating up to ₹375.38 Cr) |
| Offer for Sale | 2,26,05,530 shares of ₹1 (aggregating up to ₹960.37 Cr) |
| Employee Discount | ₹40.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 9,79,22,360 shares |
| Share Holding Post Issue | 10,67,58,112 shares |
RateGain IPO offers total 3,14,41,282 shares. Out of which 2,34,83,560 (74.69%) allocated to QIB, 93,93,424 (29.88%) allocated to QIB, 46,96,711 (14.94%) allocated to NII, 31,31,141 (9.96%) allocated to RII and 1,40,90,136 (44.81%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 2,34,83,560 (74.69%) | NA |
| − Anchor Investor Shares Offered | 1,40,90,136 (44.81%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 93,93,424 (29.88%) | NA |
| NII (HNI) Shares Offered | 46,96,711 (14.94%) | NA |
| Retail Shares Offered | 31,31,141 (9.96%) | 89,461 |
| Employee Shares Offered | 1,29,870 (0.41%) | NA |
| Total Shares Offered | 3,14,41,282 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Rategain Travel Technologies IPO raises ₹598.83 crore from anchor investors. Rategain Travel Technologies IPO Anchor bid date is December 6, 2021. Rategain Travel Technologies IPO Anchor Investors list
| Bid Date | December 6, 2021 |
| Shares Offered | 1,40,90,136 |
| Anchor Portion Size (In Cr.) | 598.83 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 13, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 14, 2022 |
Rategain Travel Technologies IPO opens on December 7, 2021, and closes on December 9, 2021.
| IPO Open Date | Tue, Dec 7, 2021 |
| IPO Close Date | Thu, Dec 9, 2021 |
| Tentative Allotment | Tue, Dec 14, 2021 |
| Initiation of Refunds | Wed, Dec 15, 2021 |
| Credit of Shares to Demat | Thu, Dec 16, 2021 |
| Tentative Listing Date | Fri, Dec 17, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Dec 9, 2021 |
Investors can bid for a minimum of 35 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,875 |
| Retail (Max) | 13 | 455 | ₹1,93,375 |
| S-HNI (Min) | 14 | 490 | ₹2,08,250 |
| S-HNI (Max) | 67 | 2,345 | ₹9,96,625 |
| B-HNI (Min) | 68 | 2,380 | ₹10,11,500 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
RateGain Travel Technologies is one of the leading distribution technology companies globally and the largest Software as a Service (SaaS) provider in the travel and hospitality industry in India. The firm offers travel and hospitality services across different verticals like hotels, airlines, online travel agents, meta-search companies, package providers, car rentals, cruises, and ferries. The business provides inter-connected products to manage the revenue creation value chain leveraging big data capabilities and integration and over the period, expanded product portfolio to artificial intelligence and machine learning capabilities.
RateGain Travel delivers travel and hospitality technology solutions through the SaaS platform through 3 business units; 1. Data as a Service (DaaS), 2. Distribution, and 3. Marketing Technology (MarTech). As of June 30 2021, the business serves over 1400 customers including 8 Global Fortune 500 Companies. Six Continents Hotels, InterContinental Hotels Group, Kessler Collection, Lemon Tree Hotels, Oyo Hotels, and Homes Pvt Ltd are some of the marquee customers served by the company.
Competitive strengths
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 31-Aug-21 | 31-Mar-21 | 31-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 | |
| Profit After Tax | - 83.37 | - 285.75 | - 201.04 | 110.34 | |
The IPO aims to utilize the net proceed towards the following purposes;
[Dilip Davda] While this company has been posting losses post-pandemic in line with general trends for the segments, it kept adding its services and has widened its products folio from 4 to 10 during this period. Opening up of the economy will have fast forward mode for travel and hospitality segment which augurs well for this global player. No doubt, the ongoing pandemic scare with a new variant (Omicron) is keeping a tab on the general sentiment, RTTL will emerge as the niche player with its widened product portfolio. Post listing, this company may generate first-mover fancy and gain momentum. Negative earnings are a concern for a while, but keeping future prospects in mind, risk seeker/cash surplus investors may consider an investment with a long term perspective. Others may skip it. Read detail review...
| Listing Date | December 17, 2021 |
| BSE Script Code | 543417 |
| NSE Symbol | RATEGAIN |
| ISIN | INE0CLI01024 |
| Final Issue Price | ₹425 per share |
| BSE Listing Group | B |
Rategain Travel Technologies Ltd.
M-140,
Greater Kailash,
Part II,
Delhi, New Delhi, 110048
Phone: +91 120 5057 000
Email: compliance@rategain.com
Website: https://rategain.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: rategain.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Rategain Travel Technologies IPO is a main-board IPO of 3,14,41,282 equity shares of the face value of ₹1 aggregating up to ₹1,335.74 Crores. The issue is priced at ₹425 per share. The minimum order quantity is 35.
The IPO opens on December 7, 2021, and closes on December 9, 2021.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Rategain Travel Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Rategain Travel Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rategain Travel Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rategain Travel Technologies IPO opens on December 7, 2021 and closes on December 9, 2021.
Rategain Travel Technologies IPO lot size is 35, and the minimum amount required for application is ₹14,875.
You can apply in Rategain Travel Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Rategain Travel Technologies IPO will be done on Tuesday, December 14, 2021, and the allotted shares will be credited to your demat account by Thursday, December 16, 2021. Check the Rategain Travel Technologies IPO allotment status.
The Rategain Travel Technologies IPO listing date is on Friday, December 17, 2021.
Useful Articles
RHP