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
Subscription Rate
- Retail Individual Investor8.08x
- Non-Institutional Investor42.04x
- Qualified Institutional Buyers8.42x
- Employees1.37x
About Company
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
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(₹ in Millions)Aug 21Mar 21Mar 20Mar 19
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Total Assets4,281.894,398.043,971.082,849.02
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Total Revenue1,312.232,640.914,576.132,727.00
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Profit After Tax- 83.37- 285.75- 201.04110.34
Important Dates for RateGain IPO
Here are some noteworthy RateGain IPO dates
-
RateGain IPO Opening DateDec 7, 2021
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RateGain IPO Closing DateDec 9, 2021
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Allotment finalised onDec 14, 2021
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Refunds initiationDec 15, 2021
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Credit of Shares to Demat AccountDec 16, 2021
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RateGain IPO Listing DateDec 17, 2021
RateGain Travel Technologies Ltd. IPO - SWOT Analysis
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.
A competitive analysis
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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