All that you should know about the Company before applying for the IPO.
The public issue of equity shares of RateGain Travel Technologies Limited will open for subscription on December 07, 2021 and closes on December 09, 2021. It is expected to list on the stock exchanges on December 17, 2021. What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analyse the IPO.
The company is among the leading distribution technology companies globally and is the largest Software as a Service (“SaaS”) company in the hospitality and travel industry in India. It offers travel and hospitality solutions across a wide spectrum of verticals including hotels, airlines, online travel agents (“OTAs”), meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises and ferries. It is one of the largest aggregators of data points in the world for the hospitality and travel industry.
It offers a suite of inter-connected products that manage the revenue creation value chain for its customers by leveraging their big-data capabilities and integration with other technology platforms helping hospitality and travel providers acquire more guests, retain them via personalized guest experiences and seek to maximize their margins. Its products are classified into 3 strategic business units: Data as a Service (“DaaS”), Distribution, and Marketing Technology (“MarTech”).
The Company serves 1,462 customers including 8 Global Fortune 500 companies. Its key customers include Six Continents Hotels, Inc., an InterContinental Hotels Group Company, Kessler Collection, Lemon Tree Hotels Limited, Oyo Hotels, among others.
Bhanu Chopra & Megha Chopra
There are no listed peers in India
Given below are the objectives of the Company –
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
The Offer comprises a Fresh Issue by the company and an Offer for Sale by the selling shareholders. The company will not receive any proceeds from the Offer for Sale.
|IPO Size||₹ 1,335.74 Crore*|
|Offer Mix||Fresh Issue ₹ 375 Crore + Offer For Sale ₹ 960.74 Crore|
|Price Band||₹ 405- ₹ 425|
|Lot Size||35 Shares (& in multiples thereof)|
|Face Value||₹ 1|
|Application Amount||Min. ₹ 14,875 (1 lot) | Max. ₹ 1,93,375 (13 lots) [at upper price band]|
|Listing on||NSE & BSE|
|Registrar||KFin Technologies Private Limited|
|Discount||₹ 40 per equity share for Eligible Employees Category only|
|Cut-off time for UPI Mandate Confirmation||10-Dec-2021 (up to 12:00 PM)|
₹ 998.06 Crore
(75% of Net Issue Size)
₹ 199.61 Crore
(15% of Net Issue Size)
₹ 133.07 Crore
(10% of Net Issue Size)
|Employee Reservation Portion||₹ 5 Crore|
|IPO Opens||December 07, 2021|
|IPO Closes||December 09, 2021|
|Finalization of the basis of allotment||December 14, 2021|
|Unblocking of funds / Initiation of refunds||December 15, 2021|
|Credit of equity shares to Demat accounts||December 16, 2021|
|Listing of equity shares||December 17, 2021|
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