Rategain Travel Technologies IPO: From top 10 things about issue to full timeline, all you need to know

Rategain Travel Technologies IPO – The Initial Public Offering (IPO) of Rategain Travel Technologies Limited will open on 7 December (Tuesday). The three-day IPO of this SaaS services company will end on 9 December (Thursday).

The company which offers its services to hospitality and travel industry is planning to raise Rs 375 crore via fresh issue and will execute an Offer for Sale (OFS) of up to 22.6 million equity shares, according to the information available on the NSE website.

If you are planning to invest in this company, here are top 10 things to know about this issue:

1. The company symbol after the listing of stock on the exchanges will be ‘RATEGAIN’
2. The issue will open on 7 December and end on 9 December 2021. The IPO market timings are from 10 am to 5 pm.
3. Post issue, Modification Period is on 10-December between 10 am and 11 am.
4. Issue comprises of fresh equity shares aggregating up to Rs 37.5 crore and an Offer for Sale of up to 22.6 million equity shares 
5. The issue type is 100 per cent Book Building
6. The Price Range is Rs 405 to Rs 425 per equity share. The company is offering a discount of Rs 40 under Employee Reservation Category for Eligible Employees
7. The Face Value is Re 1 with ticket size of Re 1.
8. Bid Lot comprises of 35 equity shares and in multiples thereof. Minimum Order Quantity is 35 equity shares.
9. Maximum subscription amount for retail investor is Rs 2 lakh while the maximum subscription amount for eligible employee is Rs 5 lakh.
10. The Book Running Lead Managers (BRLMs) include Kotak Mahindra Capital Company Limited, IIFL Securities Limited and Nomura Financial Advisory and Securities (India) Private Limited while the sponsor bank is HDFC Bank Limited. The name of registrar is KFin Technologies Private Limited.

The issue is open for categories including FI, IC, MF, FII, OTH, CO, IND, NOH and EMP.

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Rategain Travel Technologies IPO timeline

• The issue opens on 7 December and ends on 9 December
• The finalistaion of share allotment likely on 15 December
• Initiation of refund likely on 16 December
• Transfer of shares to Demat account likely on 17 December
• Stock listing likely on 17 December.

The above timeline information has been sourced from Edelweiss app.