Rategain Travel Technologies Ltd IPO Details with Share Price Range and Issue Size | Motilal Oswal

Rategain Travel Technologies Ltd IPO

Opening Date 

December 7, 2021

Closing Date

December 9, 2021

Face Value

₹1

IPO Price Band

₹405 - ₹425 

Minimum Order Quantity

35

Issue Size

₹1335.74


The month of November saw a string of IPOs releasing, leaving the investors with a mixed feeling. India’s biggest IPO till date, PAYTM, worth Rs 18,300 Crores went public in November 2021. Sigachi Industries, which went public on 15th November, 2021, returned more than 250% on investment, making it one of the top performing IPOs of the Month. Looking at this, here we bring to you the next big IPO which is lined up to go public in the last month of the year 2021. So, let’s take a look at the important elements of the Rategain Travel Technologies Ltd IPO which is slated to go live in December 2021.

  • About the Company

Rategain Travel Technologies Ltd is a leading distribution technology company globally and among the largest Software as a Service (“SaaS”) companies in the hospitality and travel industry in India. The company offers travel and hospitality solutions across a wide spectrum of verticals including hotels, airlines, online travel agents (“OTAs”), meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises and ferries. It is one of the largest aggregators of data points in the world for the hospitality and travel industry. 

The company began operations in 2004 with the introduction of a competitive intelligence price comparison product for hotels and have over the last 15 years, expanded its product portfolio to include artificial intelligence and machine learning capabilities that leverage its in-house data lake to offer products in the areas of rate intelligence, cognitive revenue management, smart distribution and brand engagement.

  • Rategain Travel Technologies Ltd IPO details

Let’s now move onto the main part of this article. Here, we’re going to be looking at some of the most important details of this upcoming IPO viz - Rategain Travel Technologies Ltd IPO date and it’s share price.

  • Rategain Travel Technologies Ltd IPO date - 

According to the Red Herring Prospectus filed by the company, the public issue of the equity shares is slated to go live from 07 December, 2021, and will be open for subscription until 09 December 2021. 

  • Rategain Travel Technologies Ltd IPO issue size - 

The IPO will bring out a fresh issue of ₹375 crores. Added to this will be an offer for sale aggregating for upto ₹960.74 crores.

  • Rategain Travel Technologies Ltd IPO share price

The price band of the company’s upcoming IPO is stated to be anywhere from ₹405 to ₹435

  • Rategain Travel Technologies Ltd IPO listing

Since the IPO of Rategain Travel Technologies Ltd is from the mainboard, it would be listed on both - the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE)

  • Rategain Travel Technologies Ltd IPO objectives 

According to the Red Herring Prospectus filed by the company, it aims to utilise the Net Proceeds towards funding the following objects: 

- Repayment/prepayment of indebtedness availed by RateGain UK, one of the company subsidiaries, from Silicon  Valley Bank;

- Payment of deferred consideration for acquisition of DHISCO;

- Strategic investments, acquisitions and inorganic growth;

- Investment in technology innovation, artificial intelligence and other organic growth initiatives;

- Purchase of certain capital equipment for the Data Center; 

- General corporate purposes.

Conclusion

If you are excited about this upcoming IPO and want to invest in it, you will first need to have an online DEMAT Account of your own! And to get it for Free*, all you need to do is sign-up with Motilal Oswal. 

If you already have an existing account, you can  start your online trading and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.

 

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