Rategain Travel Technologies Limited IPO Details (RateGain IPO) GMP and Subscription
Key Points of the Rategain Travel Technologies Limited IPO:
- Issue Amount : ₹ 1,335.74 Cr
- Face Value : ₹ 1 per share
- Price Band : ₹ 405 to ₹ 425
- Lot Size : 35 shares
- Issue break-up% : QIB: 75% NIB: 15% Retail: 10%
Important dates for Rategain Travel Technologies Limited IPO:
- IPO Open : Thursday, December 07, 2021
- IPO Close : Monday, December 09, 2021
- Finalization of basis of allotment : 14th December 2021
- Refunds/Unblocking ASBA fund : 15th December 2021
- Credit of equity shares to DP account : 16th December 2021
- Trading commences : 17th December 2021
Grey Market Premium of Rategain Travel Technologies Limited IPO:
In the following data we can see how the Grey Market Premium of Rategain Travel Technologies Limited IPO varied in last few days
08th Dec - Rs. 100
07th Dec - Rs. 8006th Dec - Rs. 12005th Dec - Rs. 12004th Dec - Rs. 12003rd Dec - Rs. 14002nd Dec - Rs. 100
Rategain Travel Technologies Limited IPO Subscription on 8th December 2021:
Rategain Travel Technologies Limited IPO is subscribed 0.61 times on 8th December 2021 15:00 pmQualified Institutional Buyers (QIB) - 0.0 times Subscribed
Retail Individual Investors (RII) - 3.31 times Subscribed
Non Institutional investors (NII) - 0.05 times Subscribed
Employee - 0.43 times Subscribed
This 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.
Disclaimer : This article is for educational purpose only and does not provide any buy or sell recommendation
Rategain Travel Technologies Limited Company background:
RateGain Travel Technologies Limited, one of the leading distribution technology companies globally and the largest Software as a Service (SaaS) company in the hospitality and travel industry in India.
This 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.
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