RateGain IPO listing today: Shares likely to list below issue price, says Anil Singhvi

RateGain IPO will be listed on the exchanges on Friday, December 17, 2021. Ahead of the listing, Zee Business Managing Editor Anil Singhvi said the shares of RateGain Travel Technologies Limited is likely to be listed on the bourses below its issue price. " The shares are expected to list below the issue price of Rs 425 per share. Keep a stop loss of Rs 400, " said the Market Guru.  

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The Initial Public Offering (IPO) was subscribed 17.41 times on the last day on December 9, 2021. Among the leading distribution technology companies globally and the largest Software as a Service (SaaS) company in the hospitality and travel industry in India, the public offer of RateGain surged on the final day after being subscribed only 75 per cent of the total quota.    

On the last day, the IPO received bids for 30,20,04,780 shares as against reserved quota of 1,73,51,146 shares, as per NSE.  

Earlier, a market expert is of the view that the IPO may see a moderate listing as the company has incurred losses in the last two years due to Covid 19.  

As the largest SaaS provider in the travel and hospitality industry in India, RateGain Travel 

Technologies has a promising future, says Aayush Agrawal, Sr. Analyst, Swastika Investmart Ltd.

"However, the company has suffered losses in the last two years due to COVID, and the rising number of cases remains concerning, which is why we are seeing a dip in its grey market premium. Grey market premiums indicate a modest listing gain of 10% at present," said Aayush Agrawal.

Rategain Travel Technologies Limited 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. The company offer travel and hospitality solutions across a wide spectrum of verticals, including hotels, airlines, online travel agents (OTAs), meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises and ferries.