Rategain Travel Technologies Limited
IPO Details
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Following its successful public offering, Rategain Travel Technologies Limited's made its market debut on Dec 17, 2021 and is now actively traded on the NSE, BSEplatform. The IPO mobilized 3,14,41,282 Shares in total capital, including 88,35,752 Shares in primary equity infusion and ₹960.74 Cr in secondary share sales.
The offering was structured with a price band of ₹405 to ₹425 and minimum investment lots of 35 shares. Investor participation during the subscription window from Dec 07, 2021 to Dec 09, 2021 demonstrated market confidence in the company's prospects.
The allotment process concluded on Dec 14, 2021, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
RateGain Travel Technologies is a global distribution technology company and India’s largest SaaS provider for the travel and hospitality industry, serving sectors such as hotels, airlines, online travel agents, meta-search platforms, tour operators, car rentals, cruises, and ferries. The company offers connected technology solutions that help manage the entire revenue creation process using big data, artificial intelligence, and machine learning. Its services are delivered through three main business units: Data as a Service, Distribution, and Marketing Technology. As of June 30, 2021, RateGain served over 1,400 customers, including eight Fortune 500 companies, with well-known clients such as InterContinental Hotels Group, Six Continents Hotels, Lemon Tree Hotels, OYO, and the Kessler Collection.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Customer Base: Serves 1,434 customers, including 8 Global Fortune 500 companies (as of June 30, 2021).
- AI-Driven SaaS Solutions: Provides innovative, industry-focused AI-powered SaaS offerings.
- Comprehensive Product Suite: Delivers end-to-end solutions for the travel and hospitality industry.
- Proven Financial Performance: Shows strong financial results with successful growth post-acquisition.
- Experienced Management: Backed by a diversified leadership team with deep domain expertise.
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- Bhanu Chopra
- Megha Chopra
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