RateGain Travel Technologies Ltd. IPO

RateGain Travel Technologies Ltd.

IPO Listing Details

Listed On

BSE & NSE

Listed On

Issue Price

₹425

Issue Price

Listing Price

₹365

Listing Price

Listing Gains

-₹60.20 (-14.16%)

Listing Gains

IPO Details

Bidding Dates

07 Dec - 09 Dec '21

Bidding Dates

Min. Investment

₹14,175

Min. Investment

Lot Size

35.00

Lot Size

Price Range

₹405 - ₹425

Price Range

Issue Size

1,273 Cr

Issue Size

IPO Doc

(D)RHP PDF  

(D)RHP PDF

Subscription Rate - RateGain Travel Technologies Ltd. IPO

  • Retail Individual Investor
    8.08x
  • Non-Institutional Investor
    42.04x
  • Qualified Institutional Buyers
    8.42x
  • Employees
    1.37x


About RateGain Travel Technologies Ltd. IPO

RateGain is a leading technology and Software as a Service (SaaS) provider in the hospitality and travel industry. It offers a variety of solutions across a broad spectrum of businesses like hotel chains, airlines, car rentals, online travel agents, vacation package providers, rail, travel management companies, cruises and ferry services. In its 15 years of existence, the company has created a base of over 1400 customers including 8 Global Fortune 500 Companies.

Why should you invest in RateGain Travel Technologies Ltd. IPO?

RateGain is an innovative AI-driven SaaS solution provider specific to the travel and hospitality industry. They have made a big mark in this niche segment and boast of several top hotel chains, online travel agents, corporate travel management companies and growing airlines among their customer base.

RateGain offers a platform that bridges the data gap across the hospitality and travel industry including 190000+ hotels across 100+ countries, which is evidence of the widespread usage of their products and offerings.

Financial Snapshot - RateGain Travel Technologies Ltd IPO

The company's total assets, revenues, and profits during the last three years are shown below

  • (₹ in Millions)
    Aug 21
    Mar 21
    Mar 20
    Mar 19
  • Total Assets
    4,281.89
    4,398.04
    3,971.08
    2,849.02
  • Total Revenue
    1,312.23
    2,640.91
    4,576.13
    2,727.00
  • Profit After Tax
    - 83.37
    - 285.75
    - 201.04
    110.34

Important Dates for RateGain IPO

Here are some noteworthy RateGain IPO dates

  • RateGain IPO Opening Date
    Dec 7, 2021
  • RateGain IPO Closing Date
    Dec 9, 2021
  • Allotment finalised on
    Dec 14, 2021
  • Refunds initiation
    Dec 15, 2021
  • Credit of Shares to Demat Account
    Dec 16, 2021
  • RateGain IPO Listing Date
    Dec 17, 2021


SWOT Analysis - RateGain Travel Technologies Ltd. IPO

Strengths:

Strong customer base including leading brands like InterContinental Hotels Group, Kessler Collection, Lemon Tree Hotels, Oyo Hotels, and Homes Pvt Ltd. The company added 147 active customers in the last three fiscal years, which shows its strong organic growth. RateGain also has high customer retention which is reflected by Gross Revenue Retention that stood at 89.2% in FY2021.

Weaknesses:

Last 2 years have seen a big slump in the net profits, largely due to global lockdown and recession in the travel and hospitality sector.

Opportunities:

The company has been gradually bouncing back. With the increase in vaccination drives and opening up of travel and tourism, RateGain stands to boost its growth and revenues in the coming times.

Threats:

Heavy dependence on a single sector can be perceived as a threat, as any changes in the policy or regulation of this sector has an immediate effect on RateGain’s operations.


Competitive Analysis - RateGain Travel Technologies Ltd. IPO

In the space of DaaS, RateGain’s main competitors include TravelClick, OTAinsight and Fornova in the hotels segment; InFare in the airline segment; RateHighway in the car rental segment; and Fornova in the online travel agency segment.

In the Distribution market, Siteminder, Derbysoft and TravelClick are its main competitors. However, none of these above companies is publicly listed. This makes RateGain IPO stand apart in this particular category in the stock market and gives it an early mover advantage.



How to apply for RateGain Travel Technologies Ltd. IPO?

You can apply for the RateGain Travel Technologies Ltd. IPO in these ways:

UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.

Demat Account

1. If you are an Existing TradeSmart demat account holder and wish to apply for an RateGain Travel Technologies Ltd. click here.
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Frequently Asked Questions (FAQs) - RateGain Travel Technologies Ltd. IPO

What is the RateGain IPO price?

The RateGain IPO price band has been set between ₹405 to ₹425 per equity share.

Who are RateGain IPO Lead Managers?

IIFL Securities Ltd, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd.

What is the RateGain IPO date for getting listed on the stock exchange?

RateGain IPO will get listed on 17th December 2021, on both NSE and BSE.

4. Who is appointed as the Registrar for RateGain IPO?

The Anand Rathi Wealth IPO’s registrar is KFin Technologies Private Limited.

What is the minimum amount needed to subscribe to RateGain Initial Public Offering?

The minimum order quantity is 1 lot, which has 35 shares. The minimum order amount is Rs. 14,875.

What Issue type does RateGain IPO belong to?

The RateGain IPO is a book building IPO Issue type.

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