RateGain IPO opens today, gray market premium at 85
- RateGain intends to raise 1,335 crore through this IPO.
- The company is seeking a valuation of 4,537 crore.
- The company has more than 1,434 customers in 110 countries.
RateGain Travel Technologies’ initial public offering (IPO) will be open for subscription today, December 7 at 10:00 a.m.
RateGain priced the brand at 405,425 and the lot size was set at 35 shares. A retail investor will have to shell out 14,175 yen to buy a lot at a lower price of 405 yen.
The software-as-a-service (SaaS) platform, which focuses solely on the travel and hospitality segment, intends to raise 1,335 crore at a valuation of 4,537 crore (around 600 million crore). dollars) with this public issue.
RateGain’s gray market premium (GMP) – the premium investors are comfortable with buying the shares before they go public – was 85 on December 6.
|Opening date of the IPO||December 7|
|IPO closing date||December 9|
|IPO price||â¹ 405 to 425|
|Lot market||35 actions|
|Basis of the grant date||December 14th|
|Initiation of reimbursements||December 15|
|Share credit on the Demat account||December 16|
|Stock exchange listing date||December 17th|
Founded in 2004 by Bhanu Chopra, RateGain provides travel and hospitality software solutions. Its software covers a full set of data points including pricing, rating, rating, availability, room description, cancellation policy, discounts and packages, among others.
The company has more than 1,434 customers – in the hotel, hospitality and online travel agency (OTA) segment – in 110 countries. Its clientele includes Lemon Tree, InterContinental Hotels Group, Kessler Collection, GroupOn and Saber GLBL.
It has established its subsidiaries in the United Kingdom, the United States and Spain to better serve its customers.
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