RateGain, Shriram, MapmyIndia and more — Check out the important dates of these upcoming IPOs and their grey market premiums

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RateGain, Shriram, MapmyIndia and more — Check out the important dates of these upcoming IPOs and their grey market premiums
BCCL
  • RateGain Travel Technologies, Shriram Properties, CE Info Systems aka MapmyIndia and Metro Brands are the five IPOs opening in the next few days.
  • These IPOs will collectively raise ₹5,739 crore in the next few days.
  • Check out Business Insider for latest news and updates.
Investment opportunities in the initial public offering (IPO) space have been pouring in immensely as every week new IPOs are getting listed. This week we have -- RateGain Travel Technologies, Shriram Properties, CE Info Systems aka MapmyIndia and more. These IPOs will collectively raise ₹5,739 crore through the public issues.

If you are planning to invest in any of these IPOs, here are some of the important details you should take note of.

RateGain Travel Technologies IPO looks to raise ₹1,335 crore

The company is one of the leading distribution technology companies globally, which runs a software-as-a-service (SaaS) platform that solely focuses on the travel and hospitality segment.
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Founded in 2004 by Bhanu Chopra, RateGain offers travel and hospitality software solutions. Its software covers an entire set of data points including pricing, rating, ranking, availability, room description, cancellation policy, discounting and packages, among other things.

The company has over 1,434 customers — across the hotel, hospitality and online travel agency (OTA) segment — spread across 110 countries. Its clientele includes Lemon Tree, InterContinental Hotels Group, Kessler Collection, GroupOn and Sabre GLBL.
Issue details
Price band₹405 to ₹425
GMP₹80
IPO open dateDecember 7
IPO close dateDecember 9
Allotment dateDecember 14
Initiation of refundsDecember 15
Credit of shares to demat accountDecember 16
IPO listing dateDecember 17
Minimum lot35

Shriram Properties plans to raise ₹600 crore through public listing
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Shriram Properties, part of the Shriram Group, is one of the leading residential real estate development companies in South India focusing on the mid-market and affordable housing categories.

Bengaluru and Chennai are the key markets for the company while it also operates in Coimbatore, Visakhapatnam, and Kolkata. TPG Capital, Tata Capital, Walton Street Capital and Starwood Capital are shareholders selling some stake in the IPO.

The company plans to utilise the net proceeds from the fresh issue towards repayment and/or pre-payment of debt and general corporate purposes
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Issue details
Price band₹113 to ₹118
GMP₹20
IPO open dateDecember 8
IPO close dateDecember 10
Allotment dateDecember 15
Initiation of refundsDecember 16
Credit of shares to demat accountDecember 17
IPO listing dateDecember 20
Minimum lot125

CE Info Systems (MapmyIndia) is expected to fetch ₹1,039 crore

MapmyIndia is a leading provider of advanced digital maps, geospatial software, and location-based internet of things (IoT) technologies in India. The company’s digital map data provides location, navigation, analytics and other information for 7,933 towns, 6.37 lakh villages, 17.79 million places across many categories such as restaurants, retail shops, malls, ATMs, hotels, police stations, electric vehicle charging stations etc., and 14.51 million house or building addresses.

The IPO is a complete offer for sale (OFS) of over 1 crore equity shares by the existing shareholders and promoters of the company. The company will not receive any proceeds from the issue.

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Some of its clients include PhonePe, Flipkart, Yulu, HDFC Bank, Airtel, Hyundai, MG Motor, Avis, Safexpress and Goods and Service Tax Network (GSTN). The company serves the BFSI, telecom, FMCG, industrials, logistics, and transportation sectors.

The firm has also started to build and release digital maps for countries outside India, such as Sri Lanka, Bangladesh, Nepal, Bhutan, Myanmar, UAE and Egypt.
Issue details
Price band₹1,000 to ₹1,033
GMP₹650
IPO open dateDecember 9
IPO close dateDecember 13
Allotment dateDecember 16
Initiation of refundsDecember 17
Credit of shares to demat accountDecember 20
IPO listing dateDecember 21
Minimum lot14

Metro Brands is looking to raise ₹1,367 crore through the IPO

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Started in 1955, Metro Brands is one of the largest Indian footwear specialty retailers in India. Ace investor Rakesh Jhunjhunwala-backed firm now caters to footwear needs of men, women, unisex and kids.

It operates 586 stores across 134 cities spread across 29 states and union territories in India. Some of Metro’s brands include Mochi, Walkway, Da Vinchi and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop.

Along with physical stores, it sells products through websites, various online marketplaces, as well as, social media platforms.

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The IPO consists of a fresh issue of ₹295 crore and an offer for sale of 2.14 crore shares by promoters. The company will use the proceeds from the fresh issue to open new stores under brands such as Metro, Mochi, Walkway and Crocs and remaining funds will be used for general corporate purposes
Issue details
Price band₹485 to ₹500
GMPIn discount
IPO open dateDecember 10
IPO close dateDecember 14
Allotment dateDecember 17
Initiation of refundsDecember 20
Credit of shares to demat accountDecember 21
IPO listing dateDecember 22
Minimum lot30

Medplus Health Services aims to raise ₹1,398 crore through the IPO

The company is India's second-largest pharmacy retailer in terms of the number of stores and revenue. It offers pharmaceutical and wellness products including medicines, vitamins, medical devices, test kits, and fast-moving consumer goods such as home and personal care products, baby care products, sanitisers, soaps, and detergents, etc.

The company has over 2,000 stores distributed across Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Odisha, West Bengal and Maharashtra.
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The IPO consists of a fresh issue of ₹600 crore worth of shares and an offer for sale of shares worth ₹798.29 crore by selling shareholders.

The proceeds from the fresh issue will be utilised for working capital requirements of material subsidiary Optival.
Issue details
Price band₹780 to ₹796
IPO open dateDecember 13
IPO close dateDecember 15
Allotment dateDecember 20
Initiation of refundsDecember 21
Credit of shares to demat accountDecember 22
IPO listing dateDecember 23
Minimum lot18


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