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Open
7 Dec 2021
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Close
9 Dec 2021
3
Allotment
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Listing
Fri, Dec 17, 2021
Price Band
₹405 to ₹425
Issue Size
3,14,41,282 shares (agg. up to ₹1,336 Cr)
Lot Size
35 Shares
Listing Date
Fri, Dec 17, 2021
Latest GMP
₹18
Est. Gain
4.24%
✦ AI Insight
GMP Trend
17-12-2021₹18Est. ₹443+4.24%
16-12-2021₹18Est. ₹443+4.35%
15-12-2021₹35Est. ₹460+8.24%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 9.73x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Aug 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 428.19 | 439.80 | 397.11 | 284.90 |
| Total Income | 131.22 | 264.09 | 457.61 | 272.70 |
| Profit After Tax | -8.34 | -28.58 | -20.10 | 11.03 |
| EBITDA | -0.19 | 6.16 | 28.70 | 21.76 |
| NET Worth | 244.20 | 244.92 | 137.72 | 143.23 |
| Reserves and Surplus | 236.19 | 244.12 | 136.98 | 142.49 |
| Total Borrowing | 112.93 | 118.49 | 145.00 | 54.34 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Latent View Analytics Ltd. | Mainboard | ₹600.00 Cr | ₹197 | null | ₹488.75 | +148.10% | ₹305.35 (+1.77%) |
| Naapbooks Ltd. | SME | ₹3.99 Cr | ₹74 | null | ₹74.00 | +0.00% | ₹154.80 (-4.97%) |
| Focus Business Solution Ltd. | SME | ₹1.22 Cr | ₹19 | null | ₹27.90 | +46.84% | ₹203.00 (+10.93%) |
| NIKS Technology Ltd. | SME | ₹2.01 Cr | ₹201 | 119.64 | ₹203.00 | +1.00% | ₹277.20 (-4.99%) |
| ADJIA Technologies Ltd. | SME | ₹2.00 Cr | ₹74 | null | ₹74.25 | +0.34% | ₹61.82 (+4.98%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/prepaymentof indebtedness availed by RateGain UK, one of our Subsidiaries, from Silicon Valley Bank | 85.26 |
| 2 | Payment of deferred consideration for acquisitionof DHISCO; | 25.20 |
| 3 | Strategic investments, acquisitionsand inorganic growth | 80.00 |
| 4 | Investment in technology innovation, artificial intelligence and other organic growth initiatives | 50.00 |
| 5 | Purchase of certain capital equipment for our Data Center; | 40.77 |
| 6 | General corporate purposes | 73.26 |
About Rategain Travel Technologies IPO
RateGain Travel Technologies is one of the leading distribution technology companies globally and the largest Software as a Service (SaaS) provider in the travel and hospitality industry in India. The firm offers travel and hospitality services across different verticals like hotels, airlines, online travel agents, meta-search companies, package providers, car rentals, cruises, and ferries. The business provides inter-connected products to manage the revenue creation value chain leveraging big data capabilities and integration and over the period, expanded product portfolio to artificial intelligence and machine learning capabilities. RateGain Travel delivers travel and hospitality technology solutions through the SaaS platform through 3 business units; 1. Data as a Service (DaaS), 2. Distribution, and 3. Marketing Technology (MarTech). As of June 30 2021, the business serves over 1400 customers including 8 Global Fortune 500 Companies. Six Continents Hotels, InterContinental Hotels Group, Kessler Collection, Lemon Tree Hotels, Oyo Hotels, and Homes Pvt Ltd are some of the marquee customers served by the company. Competitive strengths Strong customer base with 1434 customers includ
Contact Details
Rategain Travel Technologies Ltd. AddressM-140, Greater KailashPart IIDelhi, New Delhi, 110048+91 120 5057 000compliance@rategain.comVisit Website