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The firm is one of the world’s leading distribution technology companies and India’s largest Software as a Service (SaaS) company in the hotel and tourism sector. It provides travel and hospitality solutions to hotels, airlines, online travel agencies (OTAs), meta-search businesses, vacation rentals, package providers, car rentals, trains, travel management companies, cruises, and ferries. RateGain is one of the world’s major data aggregators for the hotel and travel industries.
RateGain provides a suite of interconnected products that manage the revenue creation value chain for customers by leveraging big-data capabilities and integration with other technology platforms, assisting hospitality and travel providers in acquiring more guests, retaining them through personalised guest experiences, and maximising their margins.
The firm caters to a sizable and fast expanding total addressable market. Third-party travel and hospitality technology is expected to be a USD 5.91 billion market in 2021, rising to an anticipated USD 11.47 billion by 2025 at an 18% CAGR. In the hotel and travel business, enterprise apps focusing on guest acquisition, distribution, revenue maximisation, and wallet share expansion have a total addressable market size of USD4.34 billion in 2021, expanding to an expected USD 8.45 billion in 2025.
| Subscription Dates | 7 – 9 December 2021 |
| Price Band | INR405 – 425 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 |
| 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) |
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 |
Company Name | Listed On | Issue Price | Listing Day Close | Listing Day Gain |
Rategain Travel Technologies Limited IPO | – | – | – | – |
NSE : NA
ISIN CODE : INE0CLI01024
BSE : NA
| IPO Opening Date | 7 December 2021 |
| IPO Closing Date | 9 December 2021 |
| Finalisation of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| Listing Date | Coming soon |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
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: compliance@rategain.com
Website: www.rategain.com
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: rategain.ipo@kfintech.com
Website: www.kfintech.com
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Rategain Travel Technologies Limited IPO is a main-board IPO of ₹[.] per equity share of the face value of ₹1 aggregating up to ₹1,335.74 Crores. The issue is priced at ₹405 to ₹425 per equity share. The minimum order quantity is 35 Shares. The initial public offering (IPO) date Dec 7, 2021. The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the NSE and BSE.
The Rategain Travel Technologies Limited IPO opening date is Dec 7, 2021. and the closing date is Dec 9, 2021.
Rategain Travel Technologies Limited IPO Market lot size is 35 Shares and the minimum order quantity is 35 Shares.
The Basis of Allotment for Rategain Travel Technologies Limited IPO will be done on Dec 14, 2021 and the allotted shares will be credited to your demat account by Dec 16, 2021. Check the Rategain Travel Technologies Limited IPO allotment status.
The Rategain Travel Technologies Limited IPO listing date is Dec 17, 2021.
Rategain Travel Technologies Limited IPO can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
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