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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Rategain Travel Technologies Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹425
Per ShareLot Size
35 Shares
Minimum Investment
₹14,875
Issue Size
₹1,290.52 Cr
Face Value
₹1
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
65.42%
Promoter Holding (Post-Issue)
55.01%
Issue Type
Book Building
ISIN
INE0CLI01024
Rategain Travel Technologies Limited is among the leading distribution technology companies globally and is the largest Software as a Service ("SaaS") company in the hospitality and travel industry in India. The Company offers travel and hospitality solutions across travel verticals including hotels, airlines, online travel agents ("OTAs"), meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises and ferries. It offers inter-connected products that manage revenue creation value chain for customers by leveraging its big-data capabilities and integration with other technology platforms helping hospitality and travel providers acquire guests, retain them and seek to maximize their margins.
As per the Phocuswright Report, the total addressable market for third-party travel industry technology excluding hardware was US $5.91 billion in 2021. These numbers will increase over the next few years because of advances in technology as well as from COVID-19 impacts. The pace of innovation in travel technology has been slow in the last 25 years. But it has accelerated much more rapidly in the past 10 years and hit hyper speed (for travel) in some areas, with disruptive innovators driving everyone to move faster and produce more and better-quality applications.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 31,441,282* equity shares of face value of Rs. 1 each ("Equity Shares") of Rategain Travel Technologies Limited ("Company" or "Issuer") for cash at a price of Rs. 425.00 per equity share (including a share premium of Rs. 424.00 per equity share) ("Offer Price") aggregating to Rs. 1335.73 crores, comprising a fresh issue of 8,835,752* equity shares aggregating to Rs. 375.00 crores (Fresh Issue") and an offer for sale of 22,605,530* equity shares aggregating to Rs. 960.73 crores ("Offer for Sale", and together with the fresh issue, "Offer"), comprising 17,114,490* equity shares aggregating to Rs. 727.36 crores by Wagner Limited ("Wagner" or "Investor Selling Shareholder"); 4,043,950* equity shares aggregating to Rs. 171.86 crores by Bhanu Chopra and 1,294,760* equity shares aggregating to Rs. 55.02 crores by Megha Chopra (together, "Promoter Selling Shareholders"); and 152,330* equity shares aggregating to Rs. 6.47 crores by Usha Chopra ("Other Selling Shareholder" and together with investor selling shareholder and promoter selling shareholders, "Selling Shareholders", and such equity shares, "Offered Shares"). The offer includes a reservation of 129,870* equity shares, aggregating to Rs. 5.00 crores (constituting 0.12% of the post-offer paid-up equity share capital), for subscription by eligible employees ("Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as "Net Offer". The offer and net offer shall constitute 29.45 % and 29.33 %, of the post-offer paid-up equity share capital of the company, respectively. *Subject to finalisation of basis of allotment.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Rategain Travel Technologies Limited was originally incorporated in New Delhi as `Ridaan Real Estate Private Limited' as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated November 16, 2012, issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana at New Delhi ("RoC"). Pursuant to a scheme of arrangement and demerger approved by the High Court of Delhi on November 25, 2014 ("Scheme of Arrangement and Demerger"), the Company acquired the business of providing web-based solution to hospitality and travel sector of RateGain IT Solutions Private Limited. Subsequently, the name of the Company was changed to `RateGain Travel Technologies Private Limited' and a fresh certificate of incorporation dated February 25, 2015 was issued by the RoC. Thereafter, the Company was converted into a public limited company pursuant to a shareholders' resolution dated July 15, 2021 and consequently, the name of the Company was changed to `RateGain Travel Technologies Limited' and a fresh certificate of incorporation dated July 27, 2021 was issued by the RoC.
Wholesalers and Retailers
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.