Rategain IPO Details

BSE Code : RATEGAIN

The RATEGAIN IPO bidopens on 07th Dec, 2021 and closes on 09th Dec, 2021 at 5 pm.

Rategain Travel Technologies is a SaaS(Software as a service) provider which targets the hospitality and travel industry. The company offers solutions across a wide range that includes hotels, airlines, online travel agents, vacation rentals, package providers, car, rail, travel management, cruises and ferries.

Company Promoters

Megha Chopra And Bhanu Chopra

RATEGAIN IPO Timeline

IPO opens IPO Ends Allotment Begins Refund Initiation Allotment Date Listing on Exchange
07th Dec 2021 09th Dec 2021 14th Dec 2021 15th Dec 2021 16th Dec 2021 17th Dec
2021

RATEGAIN IPO Details

  • IPO size:  1335.7cr
  • Face Value  Re1 per equity share
  • IPO price Range   Rs.405 to Rs.425 per equity share
  • QIB shares offered: Not less than 75%
  • Retail shares offered: Not more than 10%
  • Retail shares offered: Not more than 10%
  • Retail shares offered: Not more than 10%

Till 5pm dated 14th Dec 2021, the GMP of RATEGAIN is running at Rs.35 to its cut off price of Rs.425

RATEGAIN IPO Lot Size (Retail Individual Investors)

The RATEGAIN IPO lot size is of 35 shares. A retail individual investor can apply for a maximum of 13 lots or in total of 455 shares.

Applications Lots Shares Amount(Cut-off)
Minimum 1 35 ₹14,875
Maximum 13 455 ₹193,375

RATEGAIN IPO Subscription Status

The RATEGAIN IPO has been subscribed 17.41 times. Qualified institutional buyers(QIB) have subscribed 8.42 times where as Retail investors have subscribed 8.08 times with HNI’s subscribing it for 42.04 times.

Application wise retail subscription is 7.34 times.

RATEGAIN IPO Allotment status can be checked here https://kosmic.kfintech.com/ipostatus/

The RATEGAIN IPO has been subscribed 17.41 times. Qualified institutional buyers(QIB) have subscribed 8.42 times where as Retail investors have subscribed 8.08 times with HNI’s subscribing it for 42.04 times.

Application wise retail subscription is 7.34 times.

RATEGAIN IPO Review:

The company has reduced its debt but there is hardly any growth in revenue.It has corporate clients like Lemon Tree n OYO.But there is a decline in assets which makes it doubtful.

RATEGAIN IPO Registrar

KFintech Private Limited

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

Company Contact Details:

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

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