RateGain Travel Technologies IPO subscription to start from December 7, 2021 and it will close on December 9, 2021, Thursday. The retail portion of this IPO is 10%, QIB is 75% and HNI is 15% quota. The company to raise ₹1335 crores via IPO at a price band of ₹405 to ₹425. The minimum bid for the IPO is 35 shares that cost ₹14,875 for l lot.
The Delhi-based RateGain Travel Technologies Limited is the best distribution technology company and largest Software as a Service (SaaS) provider in India. They are offering their services in travel and hospitality services across different verticals like hotels, airlines, online travel agents, meta-search companies, package providers, car rentals, cruises, and ferries sectors. RateGain has around 1400 customers around the world including 8 Global Fortune 500 Companies, Lemon Tree Hotels, Oyo Hotels, Continents Hotels, Kessler Collection, and more. The company reported ₹234 crores of revenues in 2021 against ₹458 crores in 2020. Please check the Rategain Travel IPO details over here.
IPOWatch View
We recommend investors apply for an IPO with caution. Few of the brokerage houses call as “Subscribe”. Investors should look at the QIB and HNI numbers as well as RateGain grey market premium movement before investing.
RateGain IPO Subscription Status (Final Data)
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00 | 0.00 | 8.42 |
| NII | 0.04 | 0.08 | 42.04 |
| RII | 2.23 | 3.98 | 8.08 |
| EMP | 0.34 | 0.72 | 1.37 |
| Total | 0.41 | 0.75 | 17.41 |
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 Time Table
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 Subscription FAQs:
When RateGain IPO Subscription will start?
The IPO subscription starts on 07 December 2021 for QIB, NII, and Retail Investors.
How much RateGain IPO subscribed?
The IPO subscribed 17.41x times on day 3.
What is RateGain IPO Retail subscription status?
The RII subscription is 8.08x on day 3.
How to subscribe RateGain IPO?
You can go with ASBA and Non-ASBA options for a subscription. Go to your bank account and apply for IPO online via ASBA or download the form online or get the physical form and submit the filled form to your broker or bank.
How do i check live RateGain IPO Subscription Numbers?
One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official website NSE and BSE websites. One can check the live subscription on BSE or NSE website on the particular IPO page.
