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IPO

RateGain Travel Technologies Ltd.

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
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DRHP
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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

₹ 431.75

Current Return

1.59%

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 2018 Mar 2019 Mar 2020 Mar 2021
Net Sales 77.48 87.7 89.81 67.89
Total Expenditure 69.97 92.28 92.6 73.03
Operating Profit 7.51 -4.58 -2.79 -5.13
Other Income 3.02 18.91 14.8 16.77
Interest 0.07 0.19 0.82 0.78
Depreciation 2.82 3.09 4.55 4.51
Exceptional Items -1.17 0 0 0
Profit Before Tax 6.48 11.05 6.65 6.35
Provision for Tax 1.98 0.69 0.31 2.25
Net Profit 4.5 10.36 6.34 4.1
Adjusted EPS (Rs.) 6.87 15.82 9.69 6.26

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021
Equity and Liabilities
Share Capital 0.74 0.74 0.74 0.8
Total Reserves 114.94 119.46 133.21 272.36
Borrowings 0 0 0 0
Other N/C liabilities 0.85 1.78 24.88 3.43
Current liabilities 10.38 33.56 17.1 18.4
Total Liabilities 126.92 155.54 175.92 294.99
Assets
Net Block 8.35 5.99 13.77 9.48
Capital WIP 0 0 0 0
Intangible WIP 0 0 0 0
Investments 0 71.15 77.81 85.13
Loans & Advances 2.29 1.55 1.66 24.34
Other N/C Assets 0.2 0.16 0.1 0.05
Current Assets 116.07 76.68 82.59 175.99
Total Assets 126.92 155.54 175.92 294.99
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021
Profit from operations 6.48 11.05 6.65 6.35
Adjustment 4.15 -13.3 6.21 6.25
Changes in Assets & Liabilities 1.09 2.79 -4.5 -30.56
Tax Paid -4.71 -1.54 -1.46 0.07
Operating Cash Flow 7.01 -1 6.91 -17.88
Investing Cash Flow -6.93 1.16 -2.91 -80.29
Financing Cash Flow 0 0 -2.26 100.99
Net Cash Flow 0.07 0.16 1.74 2.81
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