RateGain Travel Technologies offer travel and hospitality technologies to hotels, airlines, online travel agencies (OTAs), meta-search firms, package providers, car rentals, rail, travel management organisations, cruises, and ferries, among other verticals. They are one of the globe ‘s leading data integrators for the hotel and travel industries. They deliver a portfolio of interlinked solutions.
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.
Objects of the Issue:
The IPO aims to utilize the net proceed towards the following purposes;
• Repayment and/or prepayment of indebtedness availed by Rategain UK.
• Make payment of deferred consideration for acquisition of DHISCO.
• Strategic investments, acquisition, and inorganic growth.
• To make investment in technology innovation, artificial intelligence, and other organic growth initiatives.
• Purchase capital equipment for the company's data center, and
• Meet general corporate purposes.
Company Financials:
RateGain IPO Details:
RateGain IPO Tentative Timetable:
The RateGain IPO open date is Dec 7, 2021, and the close date is Dec 9, 2021. The issue may list on Dec 17, 2021.
RateGain IPO Lot Size:
The RateGain IPO market lot size is 35 shares. A retail-individual investor can apply for up to 13 lots (455 shares or ₹193,375).
How to apply for IPO?
1. ASBA - All you have to do is, know if your demat is with NSDL or CDSL. Make a note of your Demat ID/DP ID/BO ID - 16 digit number from your broker terminal. Once you have these 2 information, go ahead and apply from your internet banking. One advantage in this process is that, once you submit the application, process ends there and amount gets blocked. While in UPI, you need to get mandate from your bank and need to authorize on time. Many parties are involved in UPI process (Bank, broker, 3rd party UPI app provider etc) and there are chances of delayed UPI mandates. This is a recent process and will take time to settle. Till then, it is better to apply from net banking, but ensure you enter correct 16 digit DP ID.
2. UPI - Visit your broker terminal, select the IPO, enter UPI ID and other bid details to submit the application. Wait for mandate to arrive on UPI app. Approve the mandate to block the amount.
Refer to this video to apply for IPO using UPI at Zerodha.
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