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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

Opening Date

7 December 2021

Closing Date

9 December 2021

Price Band

₹ 530 - ₹ 550 per share

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
Demat ACcount
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.

RateGain Travel IPO Latest News and Subscription Status Today [Live]

At 10.40:00 AM.

- This IPO has been subscribed 0.86x by 10:40 AM. on Day 3
- It is a public issue of 1,73,51,146 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.03x
- (NII) Non-institutional buyers: 0.12x
- (RII) Retail Individual buyers: 4.47x
- Employees: 0.75x

At 11.40:00 p.m.

- This IPO has been subscribed 0.95x by 11:40 AM. on Day 3
- It is a public issue of 1,73,51,146 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.03x
- (NII) Non-institutional buyers: 0.17x
- (RII) Retail Individual buyers: 4.91x
- Employees: 0.79x

At 12.40:00 p.m.

- This IPO has been subscribed 1.35x by 12:40 AM. on Day 3
- It is a public issue of 1,73,51,146 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.03x
- (NII) Non-institutional buyers: 1.43x
- (RII) Retail Individual buyers: 5.22x
- Employees: 0.80x

At 1.40:00 p.m.

- This IPO has been subscribed 7.62x by 1:40 AM. on Day 3
- It is a public issue of 1,73,51,146 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 2.06x
- (NII) Non-institutional buyers: 20.20x
- (RII) Retail Individual buyers: 5.75x
- Employees: 0.83x

At 3.10:00 p.m.

- This IPO has been subscribed 12.89x by 3:10 AM. on Day 3
- It is a public issue of 1,73,51,146 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 4.62x
- (NII) Non-institutional buyers: 33.78x
- (RII) Retail Individual buyers: 6.88x
- Employees: 0.94x

At 4.10:00 p.m.

- This IPO has been subscribed 17.37x by 4:10 AM. on Day 3
- It is a public issue of 1,73,51,146 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 8.42x
- (NII) Non-institutional buyers: 42.04x
- (RII) Retail Individual buyers: 8.08x
- Employees: 1.37x

At 5.10:00 p.m.

- This IPO has been subscribed 17.41x by 5:10 AM. on Day 3
- It is a public issue of 1,73,51,146 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 8.42x
- (NII) Non-institutional buyers: 42.04x
- (RII) Retail Individual buyers: 8.08x
- Employees: 1.37x

At 10.40:00 AM.

- This IPO has been subscribed 0.48x by 10:40 AM. on Day 2
- It is a public issue of 1,73,51,146 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.04x
- (RII) Retail Individual buyers: 2.57x
- Employees: 0.36x

At 11.40:00 p.m.

- This IPO has been subscribed 0.51x by 11:40 AM. on Day 2
- It is a public issue of 1,73,51,146 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.04x
- (RII) Retail Individual buyers: 2.78x
- Employees: 0.38x

At 12.40:00 PM.

- This IPO has been subscribed 0.55x by 12:40 PM. on Day 2
- It is a public issue of 1,73,51,146 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.04x
- (RII) Retail Individual buyers: 2.98x
- Employees: 0.41x

At 1.40:00 PM.

- This IPO has been subscribed 0.58x by 1:40 PM. on Day 2
- It is a public issue of 1,73,51,146 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.05x
- (RII) Retail Individual buyers: 3.12x
- Employees: 0.41x

At 2.40:00 PM.

- This IPO has been subscribed 0.61x by 2:40 PM. on Day 2
- It is a public issue of 1,73,51,146 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.05x
- (RII) Retail Individual buyers: 3.26x
- Employees: 0.43x

At 4.10:00 PM.

- This IPO has been subscribed 0.61x by 4:10 PM. on Day 2
- It is a public issue of 1,73,51,146 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.05x
- (RII) Retail Individual buyers: 3.26x
- Employees: 0.43x

At 5.10:00 PM.

- This IPO has been subscribed 0.75x by 5:10 PM. on Day 2
- It is a public issue of 1,73,51,146 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.08x
- (RII) Retail Individual buyers: 3.98x
- Employees: 0.72x

At 10.40:00 AM.

- This IPO has been subscribed 0.14x by 10:40 AM. on Day 1
- It is a public issue of 1,73,51,146 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 0.77x
- Employees: 0.01x

At 11.40:00 p.m.

- This IPO has been subscribed 0.21x by 11:40 AM. on Day 1
- It is a public issue of 1,73,51,146 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 1.16x
- Employees: 0.04x

At 12.40:00 PM.

- This IPO has been subscribed 0.25x by 12:40 PM. on Day 1
- It is a public issue of 1,73,51,146 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 1.39x
- Employees: 0.04x

At 2.10:00 PM.

- This IPO has been subscribed 0.30x by 2:10 PM. on Day 1
- It is a public issue of 1,73,51,146 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.00x
- (RII) Retail Individual buyers: 1.67x
- Employees: 0.06x

At 3.10:00 PM.

- This IPO has been subscribed 0.34x by 3:10 PM. on Day 1
- It is a public issue of 1,73,51,146 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 1.85x
- Employees: 0.07x

At 4.10:00 PM.

- This IPO has been subscribed 0.36x by 4:10 PM. on Day 1
- It is a public issue of 1,73,51,146 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.01x
- (RII) Retail Individual buyers: 1.98x
- Employees: 0.08x

At 5.10:00 PM.

- This IPO has been subscribed 0.41x by 5:10 PM. on Day 1
- It is a public issue of 1,73,51,146 equity shares.

Status of Subscription

- (QIB) Qualified institutional buyers: 0.00x
- (NII) Non-institutional buyers: 0.04x
- (RII) Retail Individual buyers: 2.23x
- Employees: 0.34x

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 RateGain Travel IPO?

Individuals can invest in RateGain Travel IPO in these two ways:

UPI
Investors first need to link their bank account with a valid UPI ID. Then, they have to register it with their Angel One account. Once done, they can subscribe to RateGain Travel IPO through UPI and make payments to block the allotment amount via the Angel One app.

Demat Account

1. Beginners who wish to invest can open a Demat account with the Angel One platform and start investing in the IPO shares.
2. Existing clients of Angel One can apply directly for RateGain Travel IPO by clicking here.

RateGain Travel – Noteworthy Highlights

Here are some essential highlights regarding RateGain:

- India’s largest Software as a Service (SaaS) provider.

- Works with more than 250,000 hotels globally.

- Acquired DHISCO in 2018 and became the only firm in the world to provide end-to-end smart distribution.

- Acquired BCV in 2018 to provide guest experience cloud and increase the hospitality chains’ guest lifetime value.

- Bagged the honourable title of ‘Most Innovative Startup’ at the Economic Times Innovation Awards 2020.

RateGain Travel IPO - SWOT Analysis

strengths

Strengths

  • Global recognition:RateGain operates in six countries and works with local go-to-market teams to serve their clients.
  • Huge customer base:RateGain has around 1400 customers globally, including eight Fortune 500 organisations.
  • Portfolio of services: ateGain offers a plethora of services to its customers worldwide, including SaaS, Big Data, and cloud services.
  • Lucrative offers: ateGain has drawn a lot of attention from consumers owing to its lucrative offers. These benefits are designed for Indians as well as global consumers.
  • Zero competition:In India, RateGain does not have any direct competition in the industry.
Weaknesses

Weaknesses

  • Lack of realisation: In the global market, RateGain may fail due to a lack of realisation of global investment strategies.
  • Lack of acquisition opportunities:Since RateGain operates in a very specific domain, it may face challenges in acquiring new subsidiaries.
  • Sales efforts:RateGain Travel’s sales efforts consume a lot of money and time. In addition, there are frequent protractions and unpredictability in their sales cycle.
Opportunities

Opportunities

  • Innovation: RateGain has led the way with its innovative ideas for quite some time now. In the pre-pandemic situation, RateGain invested in the creation of a couple of new innovative products involving artificial intelligence and machine learning.
  • Growth and expansion: RateGain started in Noida as a startup back in 2004. Later on, it became the largest Software as a Service (SaaS) provider in India in the fields of travel and hospitality industries. It is one of the global leaders in smart distribution technology. So, with its innovative ideas and technological advancements, RateGain has immense growth and expansion opportunities.
Threats

Threats

  • Impact of COVID-19: Since RateGain primarily deals with travel companies and hotels, a decline in tourism due to the pandemic can also affect its operation and revenue generation.
  • Foreign exchange: The change in foreign exchange rates can affect RateGain Travel’s global operations.
Strenghts Strengths
Weaknesses Weaknesses
Opportunities Opportunities
Threats Threats

Strengths

  • Global recognition: RateGain operates in six countries and works with local go-to-market teams to serve their clients.
  • Huge customer base: RateGain has around 1400 customers globally, including eight Fortune 500 organisations.
  • Portfolio of services: RateGain offers a plethora of services to its customers worldwide, including SaaS, Big Data, and cloud services.
  • Lucrative offers: RateGain has drawn a lot of attention from consumers owing to its lucrative offers. These benefits are designed for Indians as well as global consumers.
  • Zero competition: In India, RateGain does not have any direct competition in the industry.

Weaknesses 

  • Lack of realisation: In the global market, RateGain may fail due to a lack of realisation of global investment strategies.
  • Lack of acquisition opportunities: Since RateGain operates in a very specific domain, it may face challenges in acquiring new subsidiaries.
  • Sales efforts: RateGain Travel’s sales efforts consume a lot of money and time. In addition, there are frequent protractions and unpredictability in their sales cycle.

Opportunities 

  • Innovation: RateGain has led the way with its innovative ideas for quite some time now. In the pre-pandemic situation, RateGain invested in the creation of a couple of new innovative products involving artificial intelligence and machine learning. 
  • Growth and expansion: RateGain started in Noida as a startup back in 2004. Later on, it became the largest Software as a Service (SaaS) provider in India in the fields of travel and hospitality industries. It is one of the global leaders in smart distribution technology. So, with its innovative ideas and technological advancements, RateGain has immense growth and expansion opportunities.

Threats 

  • Impact of COVID-19: Since RateGain primarily deals with travel companies and hotels, a decline in tourism due to the pandemic can also affect its operation and revenue generation.
  • Foreign exchange: The change in foreign exchange rates can affect RateGain Travel’s global operations.

Competitor Analysis: Market Peers

In India, there are currently no other firms in public trade offering a similar range of services and products. In addition, no other firm in the country has a comparable operating scale. So, RateGain Travel Technologies does not have any direct competitors in the industry.

RateGain Travel IPO FAQs

Can I apply for RateGain Travel IPO using any UPI ID?

No, you have to strictly use an NPCI-approved ID to place a bid for RateGain Travel IPO. If you cannot apply for this IPO with an existing UPI handle, you can go through the list of apps and banks that NPCI approves to extend UPI service. After that, create a new UPI ID with any of those apps to place a bid for RateGain Travel IPO shares.

How to subscribe to RateGain Travel IPO via Angel One App?

You can follow these steps to apply for IPO shares of RateGain Travel or any other public issue –

Step 1: Open the Angel One app and go to the ‘Investment Opportunities’ section.

Step 2: Then, tap on ‘IPOs and FPOs’ and provide the required data.

Step 3: Next, enter your NPCI approved UPI ID.

Step 4: Finally, tap on ‘Invest’ to place your bid for RateGain Travel IPO shares.

Are there other methods to apply for a RateGain Travel IPO besides via UPI ID?

Yes, you can apply through a bank via the ASBA process in case you don’t have a UPI ID. There, you can fill in and submit a physical form. However, you can also create a UPI ID instantly with any of the apps on the NPCI list.

How can I find my UPI ID online?

Open the concerned UPI app and visit the ‘Profile’ section to find your UPI ID. You can also click here to view the screenshots showing the UPI ID-locating process on different apps.

Can I apply for the RateGain Travel IPO multiple times?

No, a single PAN allows only one valid application. So, applying multiple times with a single PAN via different platforms can result in a higher chance of rejection. As a result, you will not receive a RateGain Travel IPO allotment at all.

How to create a UPI ID to apply for RateGain Travel IPO?

Follow these simple steps to create your UPI ID via BHIM -

Step 1: Download and install the BHIM app. Register your mobile number and create a password to use the app.

Step 2: Choose your bank from the available list. If you have multiple bank accounts, select the one you wish to register on BHIM.

Step 3: Then, BHIM will automatically collect your bank account details.

Step 4: Next, you can create your UPI ID to apply for RateGain Travel IPO.

You can find your UPI ID later under the app’s ‘Profile’ section.

How long does it take to receive a UPI mandate request after placing a bid for RateGain Travel IPO?

After placing a bid for RateGain Travel IPO, you are likely to receive the UPI mandate request within 15-20 minutes. However, it may take longer depending on your bank.

What should I do if I want to apply for the RateGain Travel IPO but cannot find my UPI ID in the Angel One app’s drop-down menu?

The possible reason for not finding your UPI ID in the Angel One app’s drop-down menu can be that it is not NPCI-approved. In that case, you will have to use or create another UPI ID with any of the apps present in the NPCI list.

What is a cut-off price? Is it better to apply for RateGain Travel IPO at this price?

The price at which RateGain Travel IPO shares will be issued to investors is called the cut-off price. This price falls within the issue’s price band and is decided during its allotment stage.

Generally, applying for an IPO at the cut-off price denotes better chances of securing an allotment as it demonstrates the investor’s willingness to purchase shares at this price.

How can I provide approval for IPO mandate requests?

You need to use your UPI app to approve the RateGain Travel IPO mandate request. You can click here to know about the steps for approval via top UPI platforms in detail.

Why is my UPI mandate request status on the Angel One app pending after I have sanctioned the mandate request?

The Angel One app does not update the mandate request status instantly. Hence, your approval may take a bit longer to reflect on the IPO order book.

Will I have to make any payment while applying for RateGain Travel IPO?

No, you will not have to pay any additional charges while applying for RateGain Travel IPO via the Angel One platform.

How soon do I need to approve a UPI mandate request after receiving it?

Usually, the approval window stays open from an IPO closing time to 12 pm of the subsequent working day. However, it is wise to approve a mandate request as soon as you get it.

I am an NRI. Can I apply for RateGain Travel IPO?

No, you cannot use the Angel One platform for the RateGain Travel IPO application if you are an NRI. However, you can use the Application Supported By Blocked Amount (ASBA) process of your bank to make an IPO application.

Is it mandatory to link my bank account with the Angel One app to apply for RateGain Travel IPO?

No, it is not mandatory to use a bank account linked with the Angel One app to place an IPO bid. You can use any bank account to apply for RateGain Travel IPO at your convenience.

Can I apply for the RateGain Travel IPO via my Hindu Undivided Family account?

No, you cannot make a RateGain Travel IPO application via a Hindu Undivided Family account on Angel One App. However, you can reach out to your bank to apply using your HUF account to apply via the ASBA process.

Can current account holders use the same to apply for the RateGain Travel IPO?

No, you cannot use a current account to apply for an IPO via banks. You need a savings account to make IPO applications. Contact your concerned bank for more details on this.

Can I subscribe to RateGain Travel IPO through my minor daughter’s account?

No, the Angel One App does not allow you to place an IPO bid via a minor’s account. However, minors can avail of the bank's ASBA procedure to subscribe to RateGain Travel IPO.

Can I modify an already placed bid for RateGain Travel IPO?

Yes, you can change your UPI ID and the desired lot size of your RateGain Travel IPO bid after placing the order. However, note that if you modify your bid after approving your UPI mandate, the new bidding amount will be locked along with the original price.

What should I do if my money is not debited even after subscribing to RateGain Travel IPO shares?

Banks only hold or block this amount after an IPO application. The deduction will take place after the beginning of the allotment process. If you fail to secure an allotment, the refund process will commence on or prior to your UPI mandate expiry date. In case you modify a bid, you will receive a fresh UPI mandate request.

What can be the possible reasons for the rejection of my RateGain Travel IPO application?

If your RateGain Travel IPO application has been rejected, the possible reasons can be –

  • Wrong PIN or UPI ID entry during mandate approval
  • Your provided Demat account, UPI ID, and bank account are not linked with a single PAN.

Here is a quick example. If you are using your brother’s UPI ID and your Demat account to subscribe to RateGain Travel IPO, your application will get rejected because -

  • Your brother's UPI ID is not linked with your PAN.
  • Your brother’s bank account and your Demat account are not linked.

How can I secure RateGain Travel IPO allotment without fail?

There is no sure-shot way to secure an IPO allotment. This is because the allotment process involves a lottery process in case of oversubscription. It is important to note that even if you apply via the Angel One platform, there can be chances of not receiving an allotment.

However, you can always increase your chances of securing an allotment in these ways -

  • By placing a bid at the cut-off price.
  • Make sure that your bank account, Demat account and UPI ID are all linked with a single PAN. This is a must because otherwise, your application will be rejected.

For example, individual X applies for RateGain Travel IPO using his/her own Demat account but uses individual Y’s UPI ID to pay. This application will get rejected for the following reasons –

  • Individual Y’s UPI ID is not connected with individual A’s PAN
  • Individual Y’s Demat account has no link with individual A’s PAN

How long will it take to lock and unlock my funds?

Your RateGain Travel IPO funds will get locked as soon as you approve your UPI mandate request. In case you fail to secure an allotment or your UPI mandate expires, your funds will be unlocked. You can contact your designated bank to clear any further confusion.

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