RateGain’s IPO allotment status would be announced today — GMP at ₹37

RateGain’s IPO allotment status would be announced today — GMP at ₹37
  • RateGain intended to raise ₹1,335 crore through this public issue.
  • RateGain is seeking a valuation of $600 million at the upper end of the price band.
  • It is a SaaS platform, which solely focuses on the travel and hospitality segment.
The allotment status of Rategain’s initial public offering (IPO) is likely to be announced today, December 14. The issue has been subscribed 17 times in the three days of its public issue between December 7 to December 9, 2021.

The issue reserved for non-institutional buyers — like companies and high networth individuals — has been subscribed over 42 times. The company received bids for 30 crore equity shares versus the issue size of 1.7 crore shares up for sale.

Investor CategorySubscription
Qualified Institutions8.42
Non-Institutional Buyers42.04
Retail Investors8.08

The company intended to raise ₹1,335 crore through this public issue. The price range of RateGain’s IPO has been set at ₹405-₹425. The minimum lot size is 35 shares, meaning a retail investor would have to shell out ₹14,875 to buy one lot.

The grey market premium (GMP), premium at which investors are comfortable buying the shares before it gets listed on a stock exchange, was at ₹37 on December 13. The company will likely list on the stock exchange on December 17.

Here is how to check RateGain’s IPO allotment status on the stock exchange website:

  • Go to the BSE website or NSE website here.
  • On BSE, Select 'Equity' and then from the dropdown, select ‘RateGain’.
  • Now, enter your application number and PAN.
  • Click on 'Search'.
  • Please note the details will only be available once the shares are allotted.
You can also visit the registrar website (Link Intime India) to check your application status.

  • Visit the registrar's website here.
  • Click on 'Select company' and click on ‘RateGain’.
  • Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
  • Enter the captcha and click ’submit
Once you hit 'submit, the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

RateGain — founded in 2004 by Bhanu Chopra — solely focuses on software stack for travel and hospitality segment. The company’s softwares covers an entire set of data points including pricing, rating, ranking, availability, room description, cancellation policy, discounting and packages, among other things.

It has over 1,434 customers — across the hotel, hospitality and online travel agency (OTA) segment — spread across 110 countries. It’s clientele includes Lemon Tree, InterContinental Hotels Group, Kessler Collection, GroupOn and Sabre GLBL.

RateGain is seeking a valuation of ₹4,537 crore (about $600 million) at the upper end of the price band.


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