Rategain Travel Technologies Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 23,483,560 (75%) | — | ₹99,805 Cr |
| NII (HNI) | — | 4,696,711 (15%) | — | ₹19,961 Cr |
| Retail | — | 3,131,141 (10%) | — | ₹1,331 Cr |
| Employee | — | 129,870 (0%) | — | ₹55 Cr |
| Σ Total | — | 31,441,282 (100%) | — | ₹1,336,254 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,875 |
| Retail (Max) | 13 | 455 | ₹193,375 |
| S-HNI (Min) | 14 | 490 | ₹208,250 |
| B-HNI (Min) | 67 | 2,345 | ₹996,625 |
Financial Statements Amount in Crore
| Metric | 31-Aug-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue | 131 | 264 | 458 |
| Profit After Tax | 8 | 29 | 20 |
| Total Assets | 428 | 440 | 397 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Repayment/prepaymentof indebtedness availed by RateGain UK, one of our Subsidiaries, from Silicon Valley Bank – 85.26
- 2 Payment of deferred consideration for acquisitionof DHISCO; – 25.20
- 3 Strategic investments, acquisitionsand inorganic growth – 80.00
- 4 Investment in technology innovation, artificial intelligence and other organic growth initiatives – 50.00
- 5 Purchase of certain capital equipment for our Data Center; – 40.77
- 6 General corporate purposes – 73.26
Company Overview
RateGain Travel Technologies is one of the leading distribution technology companies globally and the largest Software as a Service (SaaS) provider in the travel and hospitality industry in India. The firm offers travel and hospitality services across different verticals like hotels, airlines, online travel agents, meta-search companies, package providers, car rentals, cruises, and ferries. The business provides inter-connected products to manage the revenue creation value chain leveraging big data capabilities and integration and over the period, expanded product portfolio to artificial intelligence and machine learning capabilities.
RateGain Travel delivers travel and hospitality technology solutions through the SaaS platform through 3 business units; 1. Data as a Service (DaaS), 2. Distribution, and 3. Marketing Technology (MarTech). As of June 30 2021, the business serves over 1400 customers including 8 Global Fortune 500 Companies. Six Continents Hotels, InterContinental Hotels Group, Kessler Collection, Lemon Tree Hotels, Oyo Hotels, and Homes Pvt Ltd are some of the marquee customers served by the company.
Competitive strengths
- Strong customer base with 1434 customers including 8 Global Fortune 500 Companies as of June 30, 2021.
- Innovative Artificial intelligence-driven industry-relevant SaaS solution provider.
- Comprehensive product portfolio solutions for the travel and hospitality industry.
- Strong financial performance with an established track record of successful acceleration post-acquisition.
- Diversified management team with domain expertise.