RateGain Travel IPO
RateGain Travel
Technologies Limited is one of the leaders in distribution technology in the
world. They are the largest Software as a Service (SaaS) provider in India in
the fields of travel and hospitality.
They primarily offer
their technology services to airlines, hotels, online travel agencies, package
providers, meta-search firms, car rentals, travel management organisations,
rail, ferries, cruises and more.
RateGain Travel
Technologies helps travel companies and hotels draw more guests, offering a customised
guest interaction experience and maximising profits with their big data
expertise and relations with other digital services.
RateGain Travel IPO Objectives
- Repayment/prepayment
of RateGain UK’s debts to Silicon Valley Bank
- To pay the deferred consideration for DHISCO acquisition
- Other acquisitions, strategic investments and inorganic growth
- To invest in artificial intelligence, technology innovation and organic growth
- Capital equipment purchase for the Data Centre
- Other corporate purposes
RateGain Travel IPO – Details
RateGain Travel is
planning to float an initial public offer of
Rs. 400 crores. Alongside issuing fresh equity shares ,
the company's existing investor TA Associates will disinvest 17.1 million shares .
Individual investors are also looking to sell off 5.49 million shares.
Opening Date
7 December 2021
Closing Date
9 December 2021
Price Band
₹405 - ₹425
per equity share
Issue Size
₹1,335.74 crores
Face Value
₹1
per share
Market Lot
35 Shares
Listing at NSE, BSE
RateGain Travel Important Dates
|
IPO Open
Date |
7
December 2021 |
|
IPO Close Date |
9
December 2021 |
|
Basis Of Allotment Date |
14
December 2021 |
|
Initiation Of Refunds |
15
December 2021 |
|
Credit Of Shares To |
16
December 2021 |
|
IPO Listing Date |
17
December 2021 |
The company will not receive proceeds
from this public offering since this will be entirely an offer for sale issue.
Note: We will update the details as soon as the company releases them.
Why Should You Invest in RateGain Travel IPO?
RateGain is one of the
leading SaaS providers globally. It helps hospitality and travel firms with
smart e-distribution, brand engagement and revenue management to increase their
profits.
RateGain supports over
250,000 hotels throughout the world and powers more than 30 million bookings.
It acquired DHISCO in 2018 and BCV in 2019 to further expand and strengthen its
services.
Furthermore, RateGain
does not have any competitors in India offering a similar range of products and
services.
Considering the
technical advancements and present financial position of RateGain Travel
Technologies Limited, it carries the potential for massive growth.
Financial highlights
|
Financial Year |
Total Assets (Rs. In Million) |
Total Revenue (Rs. In Million) |
Profit/Loss After Tax (Rs. In Million) |
|
2020
- 2021 |
4,398.04 |
2,640.91 |
(285.75) |
|
2019 - 2020 |
3,971.08 |
4,576.13 |
(201.04) |
|
2018
- 2019 |
2,849.02 |
2,727.00 |
110.34 |
How to Apply for IPO?
You can apply
for the IPO in these ways:
Demat Account
If you’re a new
investor open demat account for free with Angel One using link
https://tinyurl.com/k79bdf4z to begin your investment journey.
UPI
Alternatively,
you can apply for IPO through UPI. First, you need to connect your bank account
with a preferred UPI platform. Then, link it with your Angel One account. After
that, you can use the UPI option present on the Angel One website and app to
subscribe to IPO.
Finally, go to
the UPI app to book shares for the IPO.
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