RateGain IPO Review, Date, GMP, Price, Lot Size, Apply

RateGain travel technologies IPO will open on 07th December 2021. RateGain is India’s largest software as a service (SaaS) provider company in India. It is mainly into travel and hospitality industry.

RateGain Travel Tech IPO – Paisakaudi

Key Features of RateGain Travel IPO

  • RateGain Travel IPO will open on 07th Dec 2021
  • You can apply in this IPO from 07th Dec 2021 to 09th Dec 2021
  • Issue Price band of the company is Rs. 405 – 425 per equity share.
  • This IPO comprises Fresh issue of shares worth Rs. 375 crore share and an offer for sale (OFS) of approx 2,26,05,530 equity shares by promoters and existing shareholders.
  • It has a minimum 35 shares in one lot and you have to spend a minimum ₹14,875 for 1 lot.
  • RateGain Travel Technologies is looking to raise ₹ 1,335.74 crore through this IPO.

Grey Market Premium of RateGain Travel IPO GMP

Grey market is an unregulated market to trade ipo shares before listing. RateGain Travel IPO price band is placed at ₹ 405 – ₹ 425 but the grey market premium of this share is currently 33% up i.e. at ₹ 115. So the share price of RateGain Travel IPO in the grey market is ₹ 540 (425 + 115).

RateGain Travel IPO Live Subscription Status

RateGain IPO subscribed 17.41 times. Retail category subscribed 8.08 times, QIB subscribed 8.42 times and NII category subscribed 42.04 times.

What is RateGain Travel Technologies Limited

  • RateGain is India’s largest software as a service (SaaS) provider company for the travel and hospitality industry in India.
  • They provide solutions for hotels, airlines, online travel agents, meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises and ferries.
  • They have 1434 customers including 8 global fortune 500 companies.
  • Bhanu Chopra is the managing director and chairman of the company.
  • Company was in profit in 2019 but from the last two years i.e. 2020 and 2021 they are in loss which is a point of concern.

Read Detail Review of Anand Rathi Wealth IPO

RateGain Travel IPO Conditions to know before Investing, Date, Lot Size, Allotment

IPO Start Date07 December 2021
IPO Close Date09 December 2021
Share Allotment Date14 December 2021
Refunds Date15 December 2021
Credit to Demat Account Date16 December 2021
IPO Listing Date17 December 2021
Fresh Equity Share IssueShares worth ₹ 375 Crore
Offer For Sale (OFS) Equity ShareApprox 2,26,05,530 Equity Share
Face Value₹ 1 Per Equity Share
Price Band₹ 405 – ₹ 425 Per Equity Share
Retail Quota Share10%
QIB Quota75%
NII Quota15%
Listing onNSE & BSE
Minimum Lot Size35 Share in 1 Lot
Minimum Amount₹ 14,875 For 1 Lot
Maximum Lot Size455 Shares (13 Lot)
Maximum Amount₹ 193,375 (For 13 Lot)
Employee Discount ₹ 40 per share
RateGain Travel IPO – Keypoints to know before investing

How to Apply in RateGain Travel IPO

  • You can apply for the RateGain Travel IPO through the ASBA facility available in your bank account.
  • Just login to your online banking. GO to the IPO section and apply for RateGain Travel IPO
  • Also you can apply this IPO through your trading account
  • One more way to apply in this IPO is through forms which you can download from NSE and BSE website.
  • After downloading forms, fill it properly and submit it to the respective banks or to your broker.

RateGain Travel Technologies Financial Report of 2019,2020 & 2021

Company was in profit in 2019 but after that both 2020 and 2021 were loss making years which is not a good sign.

YearRevenueExpensePAT (Profit After Tax)
2021₹ 264₹ 289 – ₹ 28.58
2020₹ 458₹ 475 – ₹ 20.10
2019₹ 273₹ 263₹ 11.03
RateGain Travel Tech Revenue Report – Paisakaudi (Figures are in Crores)

Retail Investors, QIB & NII quota in RateGain Travel IPO

RateGain Travel IPO’s 75% quota is reserved for the QIB category. 15% quota is reserved for NII Category and 10% quota is reserved for retail investors.

RateGain Travel IPO Promoters

  • Bhanu Chopra
  • Megha Chopra

RateGain Travel IPO Lead Managers

  • IIFL Securities Ltd
  • Kotak Mahindra Capital Company Limited
  • Nomura Financial Advisory And Securities (India) Pvt Ltd

How to apply for the RateGain Travel IPO through Zerodha?

  • Login to your console in Zerodha through desktop or app.
  • Then go to your portfolio and click on IPO.
  • You will see RateGain Travel IPO
  • Then click on the bid button.
  • After this enter your UPI ID, price and quantity (lot size)
  • Click the submit button.
  • At last you have to go to your UPI app to approve the mandate.

How to apply for the RateGain Travel IPO through Upstox?

  • Login to your Upstox account through desktop or app.
  • You will see the name RateGain Travel IPO
  • Then hit the bid button.
  • Click the submit button.
  • At last you have to go to your UPI app to approve the mandate.

Allotment Status For RateGain Travel IPO

You can check RateGain Travel IPO allotment status on Registrar and Transfer Agent Website

Also you can check the allotment status on NSE Website

RateGain Travel company contact information

Rategain Travel Technologies Limited
M-140, Greater Kailash Part II,
New Delhi 110 048, Delhi, India

  • Phone: +91 120 5057 000
  • Email: compliance@rategain.com
  • Website: http://www.rategain.com/

RateGain Travel IPO Registrar Contact Information

KFintech Private Limited

  • Phone: 04067162222, 04079611000
  • Email: rategain.ipo@kfintech.com
  • Website: https://karisma.kfintech.com/

I hope this covers all the points on RateGain Travel Tech IPO. If you have any questions please feel free to ask in comment box. We will get back to you shortly.

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