RateGain IPO 2021 : RateGain IPO Dates, Share price, allotment, GMP and all details

RateGain IPO 2021 India : RateGain Travel Technologies going to start it’s IPO subscription in this week from Dec 07, 2021. RateGain Travel Technologies who is India’s Largest Software as a Service Provider in Travel and Hospitality Industry aims to raise 1,335.74 crore from RateGain Initial public offering. RateGain IPO contains total fresh issue of 375 crore and Rs 960.74 crore has been reserved for OFS (Offer for Sale).

RateGain IPO 2021 All Details

RateGain IPO
Start Date
Dec 7, 2021
RateGain IPO
Close Date
Dec 9, 2021
Issue TypeBook Built Issue IPO
Face Value₹1 per equity share
IPO Price₹405 to ₹425 per equity share
Market Lot35 Shares
Min Order Quantity35 Shares
Listing AtBSE, NSE
Issue Size₹1,335.74 Cr
Fresh Issue₹375.00 Cr
Offer for Sale22,605,530 Equity Shares
(Worth ₹960.74 Cr)
Employee Discount40
QIB Shares OfferedNot less than 75% of the issue
NII Shares OfferedNot more than 15% of the issue
RII Shares OfferedNot more than 10% of the issue
RateGain IPO Dates, Share price, allotment, GMP
RateGain IPO Dates, Share price, allotment, GMP

RateGain IPO 2021 Dates

The RateGain IPO subscription will open from Dec 7, 2021 and will be closed by Dec 9, 2021. The issue will be listed on Dec 17, 2021 on both NSE/BSE.

Open DateDec 7, 2021
Close DateDec 9, 2021
Allotment DateDec 14, 2021
Initiation of RefundsDec 15, 2021
Credit of Shares to Demat AccountDec 16, 2021
IPO Listing DateDec 17, 2021

RateGain IPO 2021 Fresh Issue vs OFS

  • Fresh Issuance – Worth Rs. 375 Crore
  • Offer for sale (Promotor’s) – 22,605,530 Equity Shares (Worth Rs 960.74 Crore)

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> Top 7 Ways To Increase Chance Of Getting IPO Allotment

RateGain IPO 2021 Lot Size

The RateGain IPO single lot contains 35 equity shares. A retail-individual investor can apply for maximum 13 lots (455 shares).


RateGain IPO 2021 Allotment

The IPO allotment of RateGain Travel Technologies is scheduled in the next week on Dec 14, 2021 and the allotted shares will be credit into demat accounts on/by Dec 16, 2021.

RateGain IPO 2021 GMP

The grey market premium of RateGain IPO 2021 is around 115-120 on Dec 6, 2021. RateGain IPO GMP in percentage is around 28-30%.

RateGain IPO 2021 Issue Objectives

The RateGain Travel Technologies, aims to utilize the net proceed towards the following listed purposes.

  • Repayment and/or prepayment of indebtedness availed by Rategain UK.
  • Purchase capital equipment for the company’s data center.
  • Make payment of deferred consideration for acquisition of DHISCO.
  • Strategic investments, acquisition, and inorganic growth.
  • To make investment in technology innovation, artificial intelligence, and other organic growth initiatives.
  • Meet general corporate purposes.

RateGain Company Financials

Rs. in Crore31-Aug-2131-Mar-2131-Mar-2031-Mar-19
Total Assets4,281.894,398.043,971.082,849.02
Total Revenue1,312.232,640.914,576.132,727.00
Profit After Tax– 83.37– 285.75– 201.04110.34

RateGain Company Promoters

Bhanu Chopra and Megha Chopra are the company promoters.

RateGain Company Overview

RateGain Travel Technologies, As an innovative, cloud-based technology platform, RateGain® helps hospitality and travel companies make more revenue every day.

RateGain is a leader in hospitality and travel technology solutions for Al-driven revenue management, rate intelligence, frictionless distribution and guest experience cloud-based solutions helping customers across the world in unlocking new revenue every day. Their global customer base comprises of leading airlines, hotels, cruise lines, car rental companies, online travel agents, tour operators and wholesalers.

RateGain company’s milestones include:

  • RateGain’s BCV is a 31x Winner of HSMAI’s Adrian Awards, 12x Winner of PR Daily’s Social & Digital Media Awards, 21x Winner of HOTELS Magazine’s Social Hotel Awards and a 2x Winner of Travel +
  • Leisure’s SMITTY Awards
  • Proud winner of prestigious India’s Emerging 20 awards IE20 2016
  • RateGain among the Finalists for InTech50 2015
  • RateGain bagged Top Honour at the 2nd Inc. India Innovative100 Conference and Awards in the product and high tech category.
  • RateGain® ranked among Top 30 B2B Indian
  • Nominated for CNBC “Emerging India Awards
  • Finalist in Red Herring Asia 100 awards for 2008. Featured as an “Emerging Company” by NASSCOM on their website in August 2008.
  • CEO of RateGain® – Mr Bhanu Chopra, was one of the finalists for the Ernst and Young “Entrepreneur of the Year” Award 2008.
  • Topped Technology Fast 50 India – 2007, as rated by Deloitte. Ranked 2nd in Technology Fast 50 India – 2008.
  • Ranked 16th, first Indian company to ever make it to the first 20 ranks in Technology Fast 500 Asia Pacific – 2007 as rated by Deloitte. Ranked 50th in 2008 in the same program