RateGain IPO Reviews, Dates, Price Band, Market Lot & Financial Details 2021

The RateGain IPO will hit the market soon, and you can apply for the IPO from 7th December to 9th December 2021. RateGain Travel Technologies is planning to raise ₹1,335.74 Crores through an IPO which consists of a fresh issue of ₹375 Crores worth equity and OFS (Offer For Sale) of ₹960.74 Crores by existing shareholders.

RateGain Travel Technologies is a SaaS company that provides services for traveling and hospitality in India. They offer services in a wide spectrum in the field of the hospitality industry like hotel rentals, cabs, car rentals, rail, vacation management, travel management, cruises, ferries, etc.  

They also help hospitality and travel providers acquire more guests by providing customer value chain products by leveraging our big data capabilities which integrate with other hospitality technology platforms.

RateGain IPO Dates & Price Band:

Open date7th December 2021
Close date9th December 2021
Total Size of IPO1,335.74 Cr.
Fresh Issue ₹375 Cr.
Offer for Sale₹960.74 Cr.
Price Band₹405- 425
Face Value₹1 per share
Listing onNSE and BSE
Retail Investor’s Portion10%

RateGain IPO Market Lot:

The minimum market lot of RateGain IPO is 35 shares with 14,875 applications. Retail investors can apply for 13 lots with 455 shares application worth 193,375.

ApplicationLotSharesCut Off Amount
Minimum (RII)13514,875
Maximum (NII)13455193,375

Should you subscribe to RateGain IPO?

We have researched and mentioned the strengths and risks of the RateGain IPO. The final verdict will help you make the right decision.

Strength – 

  • Innovative AI product to help the hospitality industry.
  • Serves more than 1400 customers of which 8 companies are fortune 500 companies.  
  • Strong financial performance before 2020. 
  • Comprehensive product/service portfolio in the hospitality and travel industry.

Risks

  • Pandemics caused due to Covid, Delta, Omicron viruses affect the financials of the company.
  • Suffered loss in the financial year 2020-21 (Due to Capex).

Honest Reviews – 

RateGain’s product portfolio and client list look attractive. In the years before 2020, they performed very well when the hospitality and travel industries were doing well. Fear of the Omicron virus and lockdowns can affect the financials of the company. We would suggest waiting and watching the financials of the company for a few quarters. 

Investors can invest for the listing gains in the RateGain IPO. It’s early to predict but RateGain IPO can give great listing gains. You can keep a track of RateGain IPO GMP here.

RateGain IPO Allotment & Listing Dates:

RateGain IPO’s open date is 7th December and the closing date is 9th December. Allotment of shares will be done on 14th December and the listing date on NSE & BSE is 17th December 2021.

Allotment Date for RateGain – 14th December 2021
Refund Date for RateGain – 15th December 2021
Credit of Shares to Demat Account – 16th December 2021
Listing Date for RateGain – 17th December 2021

Applying IPO through the form: 

Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.

Financials of RateGain IPO:

The financials of RateGain are good. From 2019 the revenue numbers are increasing constantly. Net income is also increasing slightly. Upcoming financial numbers are expected to be good so we suggest investors apply for the IPO.

YearRevenue (₹ in Cr.)Expense (₹ in Cr.)PAT Net Income (₹ in Cr.)
201927326411
2020 45847620
2021 26828228

RateGain IPO Registrar

Kfin Technologies Private Limited
Selenium, Tower B,
Plot No- 31 and 32, Gachibowli, Financial District
Nanakramguda, Serilingampally
Hyderabad 500 032
Telangana, India
Phone : +91 40 6716 2222/ 1800 309 4001
E-mail: rategain.ipo@kfintech.com

Company Address

RateGain Travel Technologies Limited
4th and 5th Floor, Prius Global,
Plot No. A-3,4,5, Sector 125,
Noida 201 301, Uttar Pradesh
Phone: +91 120 5057 000
Email: compliance@rategain.com

RateGain IPO FAQs –


When will RateGain IPO open for Investors?

RateGain IPO will open on 7th December 2021 and will close on 9th December 2021.

What is RateGain IPO Retail Portion?

The portion allocated for retail investors in RateGain IPO is 10%

How to apply for RateGain IPO?

You can apply RateGain IPO in 3 ways:
Open a Demat account through a bank or brokerage firm and apply through it.
Apply via ASBA application online through your bank.
Fill up the offline IPO form and submit it to the bank or broker.

Should I invest in RateGain IPO?

RateGain’s product portfolio and client list look attractive. In the years before 2020, they performed very well when the hospitality and travel industries were doing well. Fear of the Omicron virus and lockdowns can affect the financials of the company. We would suggest waiting and watching the financials of the company for a few quarters.

What is the allotment date for RateGain shares?

14th December 2021 is the allotment date for RateGain shares.

What is the listing date for RateGain IPO?

17th December 2021 is the listing date for RateGain. It will be listed on NSE and BSE.

What is the cutoff price for RateGain IPO?

The cutoff price for RateGain IPO is ₹425 per share.

Will RateGain IPO give listing gains?

Investors can invest for the listing gains in the RateGain IPO. It’s early to predict but RateGain IPO can give great listing gains by seeing its grey market premium. You can keep a track of  RateGain IPO GMP here.

How to Apply the RateGain IPO through Upstox?

Open UPSTOX ACCOUNT. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “RateGain”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate.

Disclaimer for Investors:

  • We on ipogmp.in do not buy or sell any kind of IPO forms.  
  • Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
  • IPO GMP changes every day and you can view the changes in the above table.
  • Always apply to an IPO after understanding financials and discussing with your financial advisor.
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