RateGain IPO GMP, Review, Price, Allotment

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Last updated on December 17, 2021

RateGain IPO

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 Dates7 – 9 December 2021
Price BandINR405 – 425 per share
(employee discount – INR40 per share)
Fresh issueINR375 crore
Offer For Sale22,605,530 shares (INR915.52 – 960.73 crore)
Total IPO sizeINR1,290.52 – 1,335.73 crore
Minimum bid (lot size)35 shares (INR14,875)
Face Value INR1 per share
Retail Allocation10%
Listing OnNSE, BSE

RateGain Travel Technologies’ Financial Performance

 FY2019FY2020FY20215M FY2022
Revenue272.7457.6264.1131.2
Expenses263.2475.4288.7135.9
Net income11.0(20.1)(28.6)(8.3)
Margin (%)4.0(4.4)(10.8)(6.3)
Figures in INR crore unless specified otherwise

RateGain Travel Technologies IPO News


RateGain Travel Technologies Valuations & Margins

FY2019FY2020FY2021
EPS1.24(2.27)(3.09)
PE ratioNA
RONW (%)7.70(14.60)(11.67)
ROCE (%)6.35(3.14)(4.56)
Adjusted EBITDA (%)9.8918.779.44
Debt/Equity0.381.050.48
NAV26.49

RateGain IPO GMP Daily Trend

DateRateGain IPO GMPKostakSubject to Sauda
16 Dec 2021INR35INR450
15 Dec 2021 INR40INR200INR550
14 Dec 2021INR40INR200INR550
13 Dec 2021 INR40INR200INR550
11 Dec 2021 INR40INR200INR600
10 Dec 2021 INR60INR200INR600
9 Dec 2021 INR80INR220INR700
8 Dec 2021INR100INR250INR1,500
7 Dec 2021 INR100INR250INR1,500
6 Dec 2021INR120INR250INR2,000
4 Dec 2021INR130INR250INR2,000
3 Dec 2021INR130INR200INR2,000

RateGain Travel Technologies IPO Subscription – Live Updates

CategoryShares OfferedDay 1Day 2Day 3
QIB93,93,4240.000.008.42
NII46,96,7110.040.0842.04
Retail31,31,1412.233.988.08
Employees1,29,8700.340.721.37
Total1,29,8700.410.7517.41
Subscription figures in number of times, at 5 PM

RateGain Travel Technologies IPO Reviews – Subscribe or Avoid?

Aditya Birla Capital – Subscribe
Angel One – Neutral
Anand Rathi – Subscribe for long term
Antique Stock Broking –
Arihant Capital – Subscribe
Ashika Research – Unrated
Asit C Mehta –
BP Wealth – Avoid
Canara Bank Securities – Subscribe
Choice Broking – Subscribe with caution
Dalal & Broacha – Subscribe
Elite Wealth – Neutral
GEPL Capital – Subscribe
Hem Securities – Subscribe
ICICIdirect – Unrated
KR Choksey – Subscribe
Marwadi Financial Services – Avoid
Motilal Oswal –
Nirmal Bang –
Prabhudas Lilladher – Subscribe
Reliance Securities – Subscribe
Religare Broking – Subscribe
Samco Securities – Subscribe with caution
SMC Global – 1.5/5
Swastika – Subscribe
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 : +91 40 6716 2222/ 1800 309 4001
E-mail: [email protected]
Website: 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: +91 120 5057 000
Email: [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.

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