RateGain IPO Date, Review, Price, Form & Market Lot Details:- RateGain IPO to hit the market on 07 December and to close on 09 December 2021. RateGain Travel Technologies Limited IPO to raise around Rs 1,335 crores via IPO that comprises fresh issue of Rs 375 crores and offer for sale up to 22,605,530 equity shares of Rs 1 each. The retail quota is 10% while QIB is 75% and HNI is 15%.
RateGain is a SaaS company in the hospitality and travel industry offering solutions across a wide spectrum of verticals including hotels, airlines, online travel agents, meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises and ferries. RateGain IPO GMP
RateGain offers a suite of interconnected products that manage the revenue creation value chain for our customers by leveraging our 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. Shriram Properties
RateGain IPO Date, Review, Price, Form & Market Lot Details
RateGain IPO Review
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RateGain IPO Date & Price Band
| IPO Open: | 07 December 2021 |
| IPO Close: | 09 December 2021 |
| IPO Size: | Approx Rs 1,335 crore |
| Fresh Issue: | Approx Rs 375 Crores |
| Offer for Sale: | Approx 22,605,530 Equity Shares |
| Face Value: | Rs 1 Per Equity Share |
| Price Band: | Rs 405 to Rs 425 Per Share |
| Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
RateGain IPO Market Lot
| Minimum Lot Size: | Minimum 35 Shares for 1 lot |
| Minimum Amount: | Rs 14,875 for 1 lot |
| Maximum Lot Size: | Maximum 455 Shares Shares for 13 lot |
| Maximum Amount: | Rs 193,375 for 13 lot |
RateGain IPO Reservation :
| Category | Reservation | Shares | Amount |
|---|---|---|---|
| QIB : | 75% | N/A | N/A |
| NII : | 15% | N/A | N/A |
| RII : | 10% | N/A | N/A |
| EMP : | N/A% | N/A | N/A |
| Total : | 100 % | N/A | N/A |
RateGain IPO Dates, Allotment & Listing :
RateGain IPO Date is 07 December 2021. The allotment date is December 2021 and the IPO may list in December 2021.
| Open Date : | 07 December 2021 |
| Close Date : | 09 December 2021 |
| Allotment Date : | 14 December 2021 |
| Refund Date : | 15 December 2021 |
| Share Credit Date : | 16 December 2021 |
| Listing Date : | 17 December 2021 |
RateGain IPO Form
There are two ways to apply in RateGain IPO. You can apply for RateGain IPO through ASBA available in your bank account. You have to go to your online bank login and select RateGain IPO in the Invest section and apply through your bank account. Another option is you can apply for RateGain IPO through IPO form download through NSE and BSE. See the RateGain IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
RateGain Financial Report:
| Year | Revenue | Expense | PAT |
| 2021 | Rs 264 Crores | Rs 288.7 Crores | Rs 28.5 Crores |
| 2020 | Rs 457.6 Crores | Rs 475.3 Crores | Rs 20.1 Crores |
| 2019 | Rs 272.7 Crores | Rs 263.2 Crores | Rs 11 Crores |
Promoters
- Bhanu Chopra
- Megha Chopra
RateGain IPO Registrar
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: [email protected]
Investor Grievance E-mail: [email protected]
Contact Person: M Murali Krishna
Website: www.kfintech.com
SEBI Registration No: INR000000221
#Formerly known as Karvy Fintech Private Limited
RateGain IPO Lead Managers
- Kotak Mahindra Capital Company Limited
- IIFL Securities Limited
- Nomura Financial Advisory and Securities
Company Address
RateGain Board of Directors
| Name | Designation |
| 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 |
About RateGain
We 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. We 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. We are one of the largest aggregators of data points in the world for the hospitality and travel industry. (Source: Phocuswright Report)
We offer a suite of interconnected products that manage the revenue creation value chain for our customers by leveraging our 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.
We began operations in 2004 with the introduction of a competitive intelligence price comparison product for hotels and have over the last 15 years, expanded our product portfolio to include artificial intelligence and machine learning capabilities that leverage our in-house data lake to offer products in the areas of rate intelligence, cognitive revenue management, smart distribution and brand engagement.
We serve a large and rapidly growing total addressable market. Third-party travel and hospitality technology is 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. (Source: Phocuswright Report) This is a large and rapidly growing addressable market opportunity for a vertical-specific platform company like ours. The travel technology segment is further favoured by industry tailwinds of digitization in the post COVID times.
RateGain IPO FAQs
What is RateGain IPO?
RateGain is going to raise Rs 1,335 Crores via IPO. The issue is priced at Rs 405 to Rs 425 per equity share. The IPO is to be listed on BSE & NSE.
When RateGain IPO will open?
The IPO is to open on 07 December 2021 for QIB, NII, and Retail Investors.
What is RateGain IPO Investors Portion?
The investors’ portion for QIB 75%, NII 15%, and Retail 10%.
How to Apply the RateGain IPO?
You can apply RateGain IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the RateGain IPO through Zerodha?
Log in to Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “RateGain Finance”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
How to Apply the RateGain IPO through Upstox?
Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “RateGain Finance”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.
What is RateGain IPO Size?
RateGain IPO size is Rs 1,335 crores. The IPO comprises Rs 375 crores fresh issue and offers for sale of 22,605,530 equity shares.
What is RateGain IPO Price Band?
RateGain IPO Price Band is Rs 405 to Rs 425 per equity share.
What is RateGain IPO Minimum and Maximum Lot Size?
The minimum bid is 35 Shares with Rs 14,875 amount while the maximum bid is 455 shares with Rs 193,375.
What is RateGain IPO Allotment Date?
RateGain IPO allotment date is 14 December 021.
What is RateGain IPO Listing Date?
RateGain IPO listing date is 17 December 021. The IPO to list on BSE and NSE.