RateGain IPO to hit the market on December 07 and to close on December 09, 2021. RateGain Travel Technologies Limited IPO to raise around ₹1,335 crores via IPO that comprises fresh issue of ₹375 crores and offer for sale up to 22,605,530 equity shares of ₹1 each. The retail quota is 10% while QIB is 75% and HNI is 15%.
RateGain Travel Technologies is one of the travel and hospitality technology services provider companies in India. They are a SaaS company in the hospitality and travel industry with going to be the first SaaS company to list in the stock market. They offer 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. They also 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. Check out RateGain IPO details.
- First SaaS players to hit the market.
- Largest SaaS company in the travel and hospitality industry.
- Largest aggregators of data points in the world in the travel and hospitality industry.
- Reported a loss of 28.58 crores in 2021 against a loss of 20.10 crores in 2020.
- The revenues were also down to 264 crores in 2021 against 458 crores in 2020.
- One of the reasons for loss might be Covid as the travel industry hit in 2020 and 2021. It will be interesting to see coming years how they perform.
- 3 Business Units: 1) Data as a Service (DaaS), 2) Distribution, and 3) Marketing Technology
- 1400 customers with Fortune 500 Customers are Six Continents Hotels, InterContinental Hotels Group, Kessler Collection, Lemon Tree Hotels, Oyo Hotels, and Homes Pvt Ltd.
- Employee Discount – ₹40 per equity share.
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 ₹1,335 Crores|
| Fresh Issue:|| Approx ₹375 Crores|
| Offer for Sale:|| Approx 22,605,530 Equity Shares |
| Face Value:|| ₹1 Per Equity Share|
| Price Band:|| ₹405 to ₹425 Per Share |
| Listing on:|| BSE & NSE|
| Retail Quota:|| 10%|
| QIB Quota:|| 75%|
| NII Quota:|| 15%|
| Discount:|| ₹40 for Employees|
| DRHP Draft Prospectus:|| Click Here|
| RHP Draft Prospectus:|| Click Here|
RateGain IPO Market Lot
The RateGain IPO minimum market lot is 35 shares with ₹14,875 application amount. The retail investors can apply up-to 13 lots, 455 shares with ₹193,375 application amount.
| Minimum Lot Size:|| Minimum 35 Shares for 1 lot|
| Minimum Amount:|| ₹14,875 for 1 lot|
| Maximum Lot Size:|| Maximum 455 Shares for 13 lot|
| Maximum Amount:|| ₹193,375 for 13 lot|
RateGain IPO Date, Time Table, Allotment & Listing
The RateGain IPO date is 07 December 2021 and the IPO close date is 09 December 2021. The allotment date is 14 December 2021 and the IPO may list on 17 December 2021.
| Price Band Announcement:|| 02 December 2021|
| Anchor Investors Allotment:|| 06 December 2021|
| IPO Open Date:|| 07 December 2021|
| IPO Close Date:|| 09 Dece mber2021|
| Basis of Allotment:|| 14 Dece mber2021|
| Refunds:|| 15 December 2021|
| Credit to Demat Account:|| 16 December 2021|
| IPO Listing Date:|| 17 December 2021|
RateGain IPO Form
How to apply the RateGain IPO? You can apply RateGain IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the RateGain IPO in the Invest section. The other option you can apply RateGain IPO via IPO forms download via NSE and BSE. Check out the RateGain forms – click NSE Forms & BSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
RateGain Company Financial Report
| ₹ in Crores|
- 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
Investor Grievance E-mail:
Contact Person: M Murali Krishna
SEBI Registration No: INR000000221
#Formerly known as Karvy Fintech Private Limited
Check RateGain IPO allotment status on Karvy website allotment URL. Click Here
RateGain IPO Lead Managers
- Kotak Mahindra Capital Company Limited
- IIFL Securities Limited
- Nomura Financial Advisory and Securities
Rategain Travel Technologies Limited
M-140, Greater Kailash Part II,
New Delhi 110 048
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
RateGain IPO FAQs
What is RateGain IPO?
RateGain IPO is a main-board IPO. They are going to raise ₹1,335 Crores
via IPO. The issue is priced at ₹405 to ₹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 Console in 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 ₹1,335 crores
. The IPO comprises ₹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 ₹405 to ₹425
per equity share.
What is RateGain IPO Minimum and Maximum Lot Size?
The minimum bid is 35 Shares
amount while the maximum bid is 455 shares
What is RateGain IPO Allotment Date?
RateGain IPO allotment date is 14 December 2021
What is RateGain IPO Listing Date?
RateGain IPO listing date is 17 December 2021
. The IPO to list on BSE and NSE.
Note: The RateGain IPO final details officially announced. The IPO grey market premium (RateGain IPO Premium) is updated on their particular page. You can check our IPO grey market page for daily updates.)