RateGain IPO Date, Review, Price, Form & Market Lot Details

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

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: [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 Travel Technologies Limited
Registered Office:
M-140, Greater Kailash Part II,
New Delhi 110 048
Delhi, India
Corporate Office:
4th and 5th Floor, Prius Global,
Plot No. A-3,4,5, Sector 125,
Noida 201 301, Uttar Pradesh, India;
Contact Person: Sachin Verma
Company Secretary and Compliance Officer
Tel: +91 120 5057 000
Website: www.rategain.com

 

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.

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