Rategain Travel Technologies was incorporated on November 16, 2012 as ‘Ridaan Real Estate Private Limited’ . The company offers a suite of inter-connected products that manage the revenue creation value chain for the 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.
| Bidding Dates |
|---|
| 07 Dec 2021 - 09 Dec 2021 |
| Subscription |
|---|
| 17.41x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,875 | 1 | 13 | 35 | 31.4 M | ₹405 - ₹425 | 67.29 % | ₹12728.8 M - ₹13357.4 M | RHP DOC |
RateGain Travel IPO SUBSCRIPTION STATUS
09 Dec '21RateGain Travel IPO overall subscription rate was 17.41 times the total available shares
RateGain Travel IPO retail subscription rate was 8.08 times in the retail segment
RateGain Travel IPO non-institutional investor subscription rate was 42.04 times in the non-institutional investor category
RateGain Travel IPO Qualified Institutional Bidder subscription rate was 8.42 times the available shares for Qualified Institutional Bidder
RateGain Travel IPO Employees subscription rate was 1.37 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 10% | 15% | 75% | - |
09 Dec 2021 (Day 3) | 8.08x | 42.04x | 8.42x | 1.37x |
08 Dec 2021 (Day 2) | 3.98x | 0.08x | 0x | 0.72x |
07 Dec 2021 (Day 1) | 2.23x | 0.04x | 0x | 0.34x |
RateGain Travel FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 5MFY22 | -83.4 | 1,252.7 | 70.5 | 67.2 |
| 5MFY21 | -78.6 | 979.0 | 129.6 | 128.3 |
| FY21 | -285.8 | 2,507.9 | 206.0 | 198.7 |
| FY20 | -201.0 | 3,987.1 | 191.4 | 136.9 |
| FY19 | 110.3 | 2,615.7 | 362.1 | 341.8 |
RateGain Travel IPO SUBSCRIPTION STATUS DETAILS
RateGain Travel had 31.4 M shares on offer
RateGain Travel IPO offer price was in the range ₹405 - ₹425
RateGain Travel IPO minimum Investment was ₹14875
RateGain Travel IPO issue size was ₹ 12728.8 M - ₹ 13357.4 M
RateGain Travel had a minimum lot size of 35 Shares per application
RateGain Travel NUMBER OF SHARES ON OFFER
RateGain Travel IPO IMPORTANT DATES
| Issue Open Date | 07 Dec 2021 |
| Issue close Date | 09 Dec 2021 |
| Allotment Date | 14 Dec 2021 |
| Refund Date | 15 Dec 2021 |
| Demat Account Credit Date | 16 Dec 2021 |
| Listing Date | 17 Dec 2021 |
| Listing on Exchange(s) | NSE and BSE |
| RateGain Travel Allotment Status | Exchange |
RateGain Travel IPO subscription opened on 07 Dec 2021, and closed on 09 Dec 2021
IPO allotment for RateGain Travel was finalized on Tuesday, 14 Dec 2021
IPO listing for RateGain Travel was on NSE and BSE on Friday, 17 Dec 2021
RateGain Travel IPO LISTING GAINS
| Issue Price (adjusted) | 425.0 |
| Listing Open Price | 364.8 |
| Listing Close Price | 340.5 |
| Listing Gain% | -14.2% |
| Current Gain% | 123.3% |
RateGain Travel Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RateGain Travel Technologies Ltd. | 949.2 | 9294.3 | 46.4 | 3.1 | 4.8 | 9.7 | 5.5 | 1884.9 | 63.5 | 194.4 | -7 | 20.5 | 15.1 |
| Tata Technologies Ltd. | 872.8 | 35440.2 | 63.6 | -3.4 | 6 | 13.9 | 6.1 | 5680.1 | 7.3 | 546.6 | -19.3 | 13.7 | -18.7 |
| Intellect Design Arena Ltd. | 721.4 | 10118.1 | 28.7 | 463.8 | 3.2 | 10.9 | 7.5 | 3160.8 | 22.7 | 345.4 | 3.8 | 25.2 | 0.1 |
| Capillary Technologies India Ltd. | 560.6 | 4461.3 | 106 | 5.5 | 5.1 | 4 | 748.3 | 22.3 | 52.4 | 294.5 | 5.3 | ||
| Aurionpro Solutions Ltd. | 727.2 | 4018.9 | 19.7 | 3.9 | 2.8 | 12 | 9 | 1440.4 | 20.7 | 209.3 | 12.4 | 36.9 | 5.1 |
| Zaggle Prepaid Ocean Services Ltd. | 206.1 | 2770.6 | 20.1 | 0.4 | 1.5 | 9.8 | 8.9 | 1945.6 | 46.2 | 138.1 | 57.1 | 10.3 | 57.1 |
RateGain Travel IPO Reports
RateGain Travel INFORMATION ON IPO ISSUE
About RateGain Travel
Rategain Travel Technologies was incorporated on November 16, 2012 as ‘Ridaan Real Estate Private Limited’ . The company offers a suite of inter-connected products that manage the revenue creation value chain for the 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.
Object of the Issue
1. Repayment and/or prepayment of indebtedness availed by Rategain UK.
2. Make payment of deferred consideration for acquisition of DHISCO.
3. Strategic investments, acquisition, and inorganic growth.
4. To make investment in technology innovation, artificial intelligence, and other organic growth initiatives.
5. Purchase capital equipment for the company's data center, and
6. Meet general corporate purposes.
RateGain Travel - PROMOTERS
| Name |
|---|
| Bhanu Chopra |
| Megha Chopra |
RateGain Travel Book Running Lead Managers
Kotak Mahindra Capital Company Limited
rategain.ipo@kotak.com
IIFL Securities Limited
rategain.ipo@iiflcap.com
Nomura Financial Advisory and Securities(India) Private Limited
rategainipo@nomura.com
RateGain Travel Registrar to the Offer
KFin Technologies Private Limited
rategain.ipo@kfintech.com
RateGain Travel Strengths
Strong customer base
Strong customer base with 1434 customers including 8 Global Fortune 500 Companies as of June 30, 2021.
Innovative
Innovative Artificial intelligence-driven industry-relevant SaaS solution provider.
Product portfolio
Comprehensive product portfolio solutions for the travel and hospitality industry.
Financial performance
Strong financial performance with an established track record of successful acceleration post-acquisition.
Diversified management team with domain expertise.
RateGain Travel Risks
COVID-19 pandemic
The COVID-19 pandemic has had a significant adverse effect on the business and operations, and its future impact on the business, operations and financial performance is uncertain
Depends on customer
The business depends on the customers renewing their contracts
Risky future endevours
The company may not derive the anticipated benefits from the strategic investments and acquisitions and may not be successful in pursuing future investments and acquisitions
IPO FAQs
This IPO consists of an offer for sale of up to Rs 960.7 crore, of 22,605,647 shares. It also consists of a fresh issue of Rs 375.0 crore.
The promoters of the company are Bhanu Chopra and Megha Chopra.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 405.0 - 425.0.
The IPO application opens on Dec 07, 2021 and closes on Dec 09, 2021.
The minimum lot size for the IPO is 35. The maximum lot size for the IPO is 455.
For all category investors, the minimum application amount for this IPO is Rs. 14,875.0, the maximum value for this IPO is Rs 193,375.0.
This IPO will be allotted on Dec 14, 2021.
The refund will be credited to your account on Dec 15, 2021.
The allotted shares will be credited to your demat on Dec 16, 2021.
Rategain Travel Technologies Ltd.’s shares listed on the stock exchanges on Dec 17, 2021.