Rategain Travel Technologies IPO
Rategain Travel Technologies IPO — date, price band, lot size & details 2021
Rategain Travel Technologies listed on 17 Dec 2021 at ₹360, 15.3% below the ₹425 issue price.
RateGain Travel Technologies is the largest SaaS provider to the travel and hospitality industry in India, serving hotels, airlines, online travel agents and others. Its total income was Rs 264.09 crore in FY2021.
Stock price
Rategain Travel Technologies is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 10 November.
- Open 07 Dec 2021
- Close 09 Dec 2021
- Allotment 14 Dec 2021
- Refund/credit 15 Dec 2021
- Listing 17 Dec 2021
Issue summary
The terms of the offer, as filed.
| IPO Dates | 7 to 9 Dec, 2021 |
|---|---|
| Price Band | ₹405 – ₹425 |
| Face Value | ₹1 |
| Lot Size | 35 Shares |
| Issue Size | ₹1335.74 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Employee Discount | Rs 40.00 per share |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,875 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 35 shares at the ₹425 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 35 | ₹14,875 |
| Retail (max) | 13 | 455 | ₹1,93,375 |
| S-HNI (min) | 14 | 490 | ₹2,08,250 |
| S-HNI (max) | 67 | 2,345 | ₹9,96,625 |
| B-HNI (min) | 68 | 2,380 | ₹10,11,500 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01It is the largest SaaS company in India's travel and hospitality industry, with over 1400 customers.
- 02Total income rose from Rs 272.70 crore in FY2019 to Rs 457.61 crore in FY2020 before the pandemic.
- 03Net worth grew from Rs 137.72 crore on 31 March 2020 to Rs 244.20 crore on 31 August 2021.
- 04Rs 375.38 crore of fresh capital was raised for debt repayment, technology and acquisitions.
- 05Customers include 8 Global Fortune 500 companies.
Risks · 5
- 01The company made losses of Rs 20.10 crore in FY2020, Rs 28.58 crore in FY2021 and Rs 8.34 crore in the five months to 31 August 2021.
- 02Total income fell from Rs 457.61 crore in FY2020 to Rs 264.09 crore in FY2021 as travel slowed.
- 03Rs 960.37 crore of the Rs 1,335.74 crore issue was offer for sale, so most of the money went to selling shareholders.
- 04The source shows a negative P/E, with pre-issue EPS of minus Rs 2.92.
- 05Promoters and the promoter group held 67.29% before the issue and 56.58% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Rategain Travel Technologies offer document.
| Metric | 31 Aug 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 428.19 | 439.80 | 397.11 | 284.90 |
| Total Income | 131.22 | 264.09 | 457.61 | 272.70 |
| Profit After Tax | -8.34 | -28.58 | -20.10 | 11.03 |
| EBITDA | -0.19 | 6.16 | 28.70 | 21.76 |
| NET Worth | 244.20 | 244.92 | 137.72 | 143.23 |
| Reserves and Surplus | 236.19 | 244.12 | 136.98 | 142.49 |
| Total Borrowing | 112.93 | 118.49 | 145.00 | 54.34 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Rategain Travel Technologies RHP.
Where the money goes
₹354.49 Cr of the issue is earmarked to named objects.
About the company
It serves hotels, airlines, online travel agents, meta-search companies, package providers, car rentals, cruises and ferries. Its products help manage the revenue chain using big data, artificial intelligence and machine learning.
It works through three business units: Data as a Service, Distribution and Marketing Technology. On 30 June 2021 it served over 1400 customers, including 8 Global Fortune 500 companies.
The IPO was Rs 1,335.74 crore, with Rs 375.38 crore of fresh issue and Rs 960.37 crore of offer for sale. Uses included Rs 85.26 crore for repaying a loan of subsidiary RateGain UK and Rs 80.00 crore for acquisitions.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Rategain Travel Technologies IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Kotak Mahindra Capital Company Limited
49 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Amagi Media Labs (-12.2%).
IIFL Capital Services Limited
71 issues handledBest listing: MTAR Technologies (+82.6%). Weakest: Acevector (-11.5%).
Nomura Financial Advisory & Securities (India) Pvt. Ltd
11 issues handledBest listing: Nazara Technologies (+80.7%). Weakest: Shriram Properties (-23.7%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Rategain Travel Technologies?
The current Grey Market Premium is ₹0.
What is the Rategain Travel Technologies IPO price band?
₹405 to ₹425, on a face value of ₹1.
When is the allotment?
The basis of allotment is 14 December 2021, with listing on 17 December 2021.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
