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.

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RateGain Travel Technologies Ltd. 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

1,335.74 Cr.

Issue Type

Book Built

Open

2021-12-07

Close

2021-12-09

Listing price

₹ 360

Listing Gain

-15.29%

Listing Date

2021-12-17

CMP

₹ 602.6

Current Return

41.79%

RateGain Travel Technologies Ltd. News

RateGain Travel Technologies informs about press release27 Apr 2026, 3:28PM RateGain gains on entering into strategic partnership with Easebuzz21 Apr 2026, 2:39PM RateGain enters into strategic partnership with Easebuzz21 Apr 2026, 2:30PM RateGain Travel Technologies informs about press release21 Apr 2026, 1:03PM RateGain’s AirGain to enhance competitive pricing for MIAT Mongolian Airlines17 Apr 2026, 2:58PM RateGain Travel Technologies informs about press release 17 Apr 2026, 2:46PM RateGain launches FIFA World Cup 2026 Market Pulse Dashboard15 Apr 2026, 3:08PM RateGain Travel Technologies informs about press release 13 Apr 2026, 11:05AM RateGain launches digital marketing certification program 'RG Varsity'13 Apr 2026, 10:50AM RateGain Travel Technologies partners with Hotelogix9 Apr 2026, 11:30AM RateGain Travel Technologies soars on entering into strategic partnership with Razorpay2 Apr 2026, 2:07PM RateGain Travel Technologies enters into strategic partnership with Razorpay 2 Apr 2026, 2:04PM MAI selects RateGain’s AirGain to strengthen pricing intelligence, market responsiveness 24 Mar 2026, 12:39PM RateGain Travel Technologies informs about press release19 Mar 2026, 1:18PM RateGain Travel Technologies launches SoHo Suite 19 Mar 2026, 12:21PM RateGain Travel Technologies informs about press release17 Mar 2026, 1:44PM RateGain Travel Technologies partners with Juspay12 Mar 2026, 3:13PM RateGain Travel Technologies informs about press release12 Mar 2026, 12:35PM RateGain Travel Technologies zooms on launching RG Pay10 Mar 2026, 3:22PM RateGain Travel Technologies launches RG Pay10 Mar 2026, 3:16PM

Company Financials

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

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.

 

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 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 67.89 72.74 113.28 173.39 210.43
Total Expenditure 73.03 94.72 121.52 157.46 176.35
Operating Profit -5.13 -21.97 -8.24 15.93 34.08
Other Income 16.77 30.9 21.88 47.84 69.4
Interest 0.78 1.38 2.04 1.37 1.22
Depreciation 4.51 3.73 3.28 2.98 4.29
Exceptional Items 0 -0.94 0 0 0
Profit Before Tax 6.35 2.87 8.32 59.42 97.98
Provision for Tax 2.25 1.06 2.58 15.55 25.84
Net Profit 4.1 1.81 5.74 43.87 72.15
Adjusted EPS (Rs.) 0.05 0.02 0.05 0.37 0.61

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 0.8 10.73 10.83 11.78 11.8
Total Reserves 272.36 631.77 647.03 1279.03 1360.29
Borrowings 0 0 0 0 0
Other N/C liabilities 24.94 35.35 33.88 41.31 40.45
Current liabilities 18.67 45.82 30.15 51.11 53.38
Total Liabilities 316.77 723.67 721.89 1383.22 1465.92
Assets
Net Block 9.48 18.09 15.93 14.63 18.12
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 1.43 1.88 0
Investments 85.13 218.47 220.1 371.13 464.03
Loans & Advances 45.85 71.26 23.3 29.67 28.09
Other N/C Assets 0.05 0.41 1.58 0.88 1.06
Current Assets 176.26 415.45 459.55 965.05 954.61
Total Assets 316.77 723.67 721.89 1383.22 1465.92
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Other Income 18.41 18.61 18.81 19.36 0.41
Profit Before Tax 25.07 35.5 24.15 27.11 1.71
Tax 7.25 8.86 6.09 6.84 1.42
Profit After Tax 17.82 26.63 18.06 20.27 0.29
Adjusted EPS (Rs) 1.51 2.26 1.53 1.72 0.02

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2026 48.77 0
Dec 2025 48.54 0
Sep 2025 48.16 0
Jun 2025 48.16 0
Mar 2025 48.17 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 6.35 2.87 8.32 59.42 97.98
Adjustment 6.25 1.74 -13.82 -35.26 -57.04
Changes in Assets & Liabilities -7.71 15.81 -11.01 -17 -15.87
Tax Paid 0.07 -2.33 -2.87 -13.18 -25.12
Operating Cash Flow 4.96 18.08 -19.38 -6.04 -0.05
Investing Cash Flow -103.14 -375.4 21.48 -522.78 -42.5
Financing Cash Flow 100.99 358.41 0.05 582.81 -0.49
Net Cash Flow 2.81 1.08 2.15 54 -43.05
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