RateGain Travel Technologies IPO description – The company is among the leading distribution technology companies globally and is the largest Software as a Service (SaaS) company in the hospitality and travel industry in India. It offers 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. RateGain is one of the largest aggregators of data points in the world for the hospitality and travel industry.
RateGain offers a suite of inter-connected products that manage the revenue creation value chain for customers by leveraging its 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.
The company serves a large and rapidly growing total addressable market. Third party travel and hospitality technology is estimated to be a USD 5.91 billion market in 2021 growing to an estimated USD 11.47 billion in 2025 at a CAGR of 18%. Enterprise applications focused on guest acquisition, distribution, revenue maximization and wallet share expansion in the hospitality and travel industry have a serviceable addressable market size of USD4.34 billion in 2021, growing to an estimated USD 8.45 billion in 2025.
Promoters of RateGain Travel Technologies – Madan Mohan Mohanka, Manju Mohanka, Manish Mohanka, Mehul Mohanka and NFSPL (Nihal Fiscal Services Private Limited)
RateGain IPO Details
| Subscription Dates | 7 – 9 December 2021 |
| Price Band | INR405 – 425 per share (employee discount – INR40 per share) |
| Fresh issue | INR375 crore |
| Offer For Sale | 22,605,530 shares (INR915.52 – 960.73 crore) |
| Total IPO size | INR1,290.52 – 1,335.73 crore |
| Minimum bid (lot size) | 35 shares (INR14,875) |
| Face Value | INR1 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
RateGain Travel Technologies’ Financial Performance
| Â | FY2019 | FY2020 | FY2021 | 5M FY2022 |
| Revenue | 272.7 | 457.6 | 264.1 | 131.2 |
| Expenses | 263.2 | 475.4 | 288.7 | 135.9 |
| Net income | 11.0 | (20.1) | (28.6) | (8.3) |
| Margin (%) | 4.0 | (4.4) | (10.8) | (6.3) |
RateGain Travel Technologies IPO News
- RateGain Travel Technologies IPO: What GMP indicates ahead of listing
- RateGain Travel Technologies: Here is what sets it apart
- RateGain IPO RHP
- RateGain IPO DRHP
RateGain Travel Technologies Valuations & Margins
| FY2019 | FY2020 | FY2021 | |
| EPS | 1.24 | (2.27) | (3.09) |
| PE ratio | – | – | NA |
| RONW (%) | 7.70 | (14.60) | (11.67) |
| ROCE (%) | 6.35 | (3.14) | (4.56) |
| Adjusted EBITDA (%) | 9.89 | 18.77 | 9.44 |
| Debt/Equity | 0.38 | 1.05 | 0.48 |
| NAV | – | – | 26.49 |
RateGain IPO GMP Daily Trend
| Date | RateGain IPO GMP | Kostak | Subject to Sauda |
| 16 Dec 2021 | INR35 | – | INR450 |
| 15 Dec 2021 | INR40 | INR200 | INR550 |
| 14 Dec 2021 | INR40 | INR200 | INR550 |
| 13 Dec 2021 | INR40 | INR200 | INR550 |
| 11 Dec 2021 | INR40 | INR200 | INR600 |
| 10 Dec 2021 | INR60 | INR200 | INR600 |
| 9 Dec 2021 | INR80 | INR220 | INR700 |
| 8 Dec 2021 | INR100 | INR250 | INR1,500 |
| 7 Dec 2021 | INR100 | INR250 | INR1,500 |
| 6 Dec 2021 | INR120 | INR250 | INR2,000 |
| 4 Dec 2021 | INR130 | INR250 | INR2,000 |
| 3 Dec 2021 | INR130 | INR200 | INR2,000 |
RateGain Travel Technologies IPO Subscription – Live Updates
| Category | Shares Offered | Day 1 | Day 2 | Day 3 |
| QIB | 93,93,424 | 0.00 | 0.00 | 8.42 |
| NII | 46,96,711 | 0.04 | 0.08 | 42.04 |
| Retail | 31,31,141 | 2.23 | 3.98 | 8.08 |
| Employees | 1,29,870 | 0.34 | 0.72 | 1.37 |
| Total | 1,29,870 | 0.41 | 0.75 | 17.41 |
RateGain Travel Technologies IPO Reviews – Subscribe or Avoid?
Aditya Birla Capital – Subscribe
Angel One – Neutral
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BP Wealth – Avoid
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Elite Wealth – Neutral
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ICICIdirect – Unrated
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Marwadi Financial Services – Avoid
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Reliance Securities – Subscribe
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Samco Securities – Subscribe with caution
SMC Global – 1.5/5
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Ventura Securities – Unrated
RateGain Travel Technologies IPO Registrar
Kfin Technologies Private Limited
Selenium, Tower B,
Plot No- 31 and 32, Gachibowli, Financial District
Nanakramguda, Serilingampally
Hyderabad 500 032
Telangana, India
Phone :Â +91 40 6716 2222/ 1800 309 4001
E-mail:Â [email protected]
Website:Â www.kfintech.com
RateGain Travel Technologies Contact Details
RateGain Travel Technologies Limited
4th and 5th Floor, Prius Global,
Plot No. A-3,4,5, Sector 125,
Noida 201 301, Uttar Pradesh
Phone:Â +91 120 5057 000
Email:Â [email protected]
Website: www.rategain.com
RateGain Travel Technologies IPO Allotment Status
RateGain Travel Technologies IPO allotment is now available on KFin Technologies’ website. Click on this link to get allotment status.
RateGain Travel Technologies IPO Timetable
| IPO Opening Date | 7 December 2021 |
| IPO Closing Date | 9 December 2021 |
| Finalisation of Basis of Allotment | 14 December 2021 |
| Initiation of refunds | 15 December 2021 |
| Transfer of shares to demat accounts | 16 December 2021 |
| Listing Date | 17 December 2021 |
| Opening Price on NSE | INR360 per share (down 15.29% from IPO price) |
| Closing Price on NSE | INR340.05 per share (down 19.99% from IPO price) |
RateGain IPO FAQs
How many shares in RateGain public offer are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply in RateGain Public Offer?
The best way to apply in RateGain offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is RateGain IPO GMP today?
RateGain IPO GMP today is INR35 per share.
What is RateGain IPO kostak rate today?
RateGain offer kostak rate today is NA per application.
What is RateGain Subject to Sauda rate today?
RateGain Subject to Sauda rate today is INR450 per application.
