Rategain Travel Technologies IPO opens today: Apply for medium to long-term, says Anil Singhvi

Rategain Travel Technologies Limited IPO (Initial Public Offering) is all set to open for subscription from Tuesday, December 7, 2021. The three-day IPO of this SaaS services company will conclude on December 9, 2021.  

Rategain Travel Technologies Limited, 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.

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A retail investor can apply for one lot comprising 35 equity shares and in multiples thereof. The maximum subscription for retail investor has been capped at Rs 2 lakh, while the maximum subscription amount for eligible employee is Rs 5 lakh.

Anil Singhvi strategy on Rategain Travel Technologies IPO 

आज से रेटगेन का IPO, प्राइस बैंड ₹405-425...#RateGain के IPO में क्या करें?

क्या है पॉजिटिव और क्या है निगेटिव?

रेटगेन के IPO पर क्या है अनिल सिंघवी की राय?#RateGainIPO | #IPOPreview | #IPOToInvest @AnilSinghvi_ | #RateGainTravelTechnologies pic.twitter.com/PM88XvlcEg

— Zee Business (@ZeeBusiness) December 7, 2021

Ahead of the opening of the IPO, Zee Business Managing Editor Anil Singhvi on Tuesday recommended to apply for this issue with medium to long term objective.  

Talking about positives of the company, Anil Singhvi said the company is a leader in travel and hospitality technology and has strong growth prospects. Backing of strong promoters is another good thing about this company.  

He said only concern about this company is that it incurred loss in the last two year and corona fear may impact profitability of the company.  

Earlier, dubbing the valuation expensive, brokerage house Marwadi Shares and Finance Limited has recommended to avoid this issue.  

"There are no listed companies in India whose business is comparable with that of the company’s business. We assign an “Avoid” rating to this IPO as valuation is expensive on an absolute basis," said Marwadi Shares and Finance Limited report.

Business & Company details

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.

Rategain Travel Technologies IPO Timeline
Application start date: December 7, 2021      
Application end date: December 9, 2021      
Allotment beginning date: December 14, 2021      
Refund initiation date: December 15, 2021    
Allotment date: December 16, 2021    
Listing Date: December 17, 2021
Source: Upstox