RateGain Travel Technologies Ltd. IPO

It is among the leading distribution technology companies globally and the largest Software as a Service (“SaaS”) company in the hospitality and travel industry in India.

RHP
View
DRHP
View
Open Date

2021-12-07

Close Date

2021-12-09

IPO Details

Check out the issue details for RateGain Travel Technologies Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 425

Price Band

₹ 405 - 425

Issue Size

1335.74 Cr.

Issue Type

Book Built

Open

2021-12-07

Close

2021-12-09

Listingprice

₹ 360

ListingGain

-15.29%

Listing Date

2021-12-17

CMP

₹ 805.2

Current Return

89.46%

News

RateGain Travel Technologies informs about press release22 Feb, 10:34AM RateGain Travel Technologies launches unified rate insights platform Navigator22 Feb, 9:39AM RateGain Travel Technologies earns status of Expedia Group's Elite Connectivity Partner20 Feb, 12:43PM RateGain Travel Technologies informs about press release20 Feb, 12:19PM HotelKey selects RateGain Travel Technologies to enhance distribution capabilities13 Feb, 9:59AM RateGain Travel Technologies informs about press release6 Feb, 10:29AM RateGain Travel - Quaterly Results2 Feb, 2:11PM RateGain Travel - Quaterly Results2 Feb, 2:11PM RateGain Travel - Quaterly Results2 Feb, 2:11PM RateGain Travel Technologies informs about press release23 Jan, 10:12AM RateGain Travel Technologies informs about press release 16 Jan, 1:31PM RateGain Travel certified as great place to work for fifth time in row 16 Jan, 12:17PM RateGain Travel Technologies informs about appointment - Senior Management Personnel12 Jan, 10:35AM RateGain Travel Technologies informs about press release12 Jan, 10:32AM RateGain Travel Technologies informs about press release10 Jan, 9:49AM RateGain Travel Technologies informs about press release 4 Jan, 12:57PM RateGain Travel Technologies’ arm incorporates wholly owned subsidiary in Japan26 Dec, 3:25PM RateGain Travel Technologies informs about press release19 Dec, 10:58AM RateGain Travel Technologies informs about press release30 Nov, 9:48AM RateGain Travel Technologies enters into partnership with Best Airlines Rep30 Nov, 9:18AM

Company Financials

You can get the following financial statements of RateGain Travel Technologies Ltd. as of now.

Subscription Details

The details about the Rategain Travel Technologies IPO is as:

  • The issue size of the IPO is 1335.74 Cr.
  • The price band ranges from Rs 405 to Rs 425.
  • The shares of Rategain Travel Technologies ltd will list on 17th December 2021.
  • The latest tentative GMP of Rategain Travel Technologies IPO is Rs 45.
  • The Employees of the company are entitled to a Discount of Rs 40.
  • Rategain Travel Technologies IPO is subscribed 17.41 Times as of 9th December 2021.

 

Rategain Travel Technologies IPO Valuation

The approx valuation of Rategain Travel Technologies IPO based on its price band and DRHP/RHP is:

Particulars Value
Upper Price Band Rs 425
Existing Shares (Qty) 9.79 Cr
Fresh Issue 375  Cr
Market Cap 4535.75 Cr
EPS (FY21) Rs -3.09

 

Rategain Travel Technologies IPO Issue Size

Rategain Travel Technologies IPO issue details:

Issue Amount
Fresh Issue 375 Cr
Offer For Sale 960.74 Cr

 

Rategain Travel Technologies IPO Market Lot

An Individual can apply for a minimum 1 lot of 35 shares and a maximum of 13 lots of 455 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 35 Rs 14,875
 Maximum 13 455 Rs 1,93,375

 

Rategain Travel Technologies IPO Share Offer

Rategain Travel Technologies IPO is subscribed 17.41 Times as of 9th December 2021. It is OverSubscribed. The category-wise subscription is as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 8.42 Times
Non-Institutional Maximum 15% 42.04 Times
Retail Individual Maximum 10% 8.08 Times
Employee up to 5 Cr Rs 1.37 Times
Total   17.41 Times

 

Rategain Travel Technologies IPO Grey Market Premium

As on GMP (Tentative)
12 December 2021 Rs 60
13 December 2021 Rs 50
14 December 2021 Rs 45
15 December 2021 Rs 45
16 December 2021 Rs 45

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for Rategain Travel Technologies IPO:

Schedule Date
Basis of Allotment 14 December 2021
Refunds 15 December 2021
Credit to Demat Account 16 December 2021
IPO Listing Date 17 December 2021

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 87.7 89.81 67.89 72.74 113.28
Total Expenditure 92.28 92.6 73.03 94.72 121.52
Operating Profit -4.58 -2.79 -5.13 -21.97 -8.24
Other Income 18.91 14.8 16.77 30.9 21.88
Interest 0.19 0.82 0.78 1.38 2.04
Depreciation 3.09 4.55 4.51 3.73 3.28
Exceptional Items 0 0 0 -0.94 0
Profit Before Tax 11.05 6.65 6.35 2.87 8.32
Provision for Tax 0.69 0.31 2.25 1.06 2.58
Net Profit 10.36 6.34 4.1 1.81 5.74
Adjusted EPS (Rs.) 0.13 0.08 0.05 0.02 0.05

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 0.74 0.74 0.8 10.73 10.83
Total Reserves 119.46 133.21 272.36 631.77 647.03
Borrowings 0 0 0 0 0
Other N/C liabilities 1.78 24.88 24.94 35.35 34.89
Current liabilities 33.56 17.1 18.67 45.82 29.14
Total Liabilities 155.54 175.92 316.77 723.67 721.89
Assets
Net Block 5.99 13.77 9.48 18.09 15.93
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 1.43
Investments 71.15 77.81 85.13 218.47 220.1
Loans & Advances 1.55 1.66 45.85 71.26 23.3
Other N/C Assets 0.16 0.1 0.05 0.41 1.58
Current Assets 76.68 82.59 176.26 415.45 459.55
Total Assets 155.54 175.92 316.77 723.67 721.89
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 4.47 5.97 6.48 8.85 14.05
Profit Before Tax 4.09 -1.76 6.94 5.62 22.51
Tax 0.86 -0.08 1.77 1.49 5.87
Profit After Tax 3.23 -1.68 5.17 4.13 16.64
Adjusted EPS (Rs) 0.3 -0.16 0.48 0.38 1.41

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 51.27 0
Sep 2023 55.72 0
Jun 2023 55.76 0
Mar 2023 55.76 0
Dec 2022 55.79 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 11.05 6.65 6.35 2.87 8.32
Adjustment -13.3 6.21 6.25 1.74 -13.82
Changes in Assets & Liabilities 2.79 -4.5 -7.71 15.81 -11.01
Tax Paid -1.54 -1.46 0.07 -2.33 -2.87
Operating Cash Flow -1 6.91 4.96 18.08 -19.38
Investing Cash Flow 1.16 -2.91 -103.14 -375.4 21.48
Financing Cash Flow 0 -2.26 100.99 358.41 0.05
Net Cash Flow 0.16 1.74 2.81 1.08 2.15
X