RATEGAIN TRAVEL TECHNOLOGIES IPO – Dec 7 to De 9

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RATEGAIN TRAVEL TECHNOLOGIES IPO – Dec 7 to De 9

December 03, 2021
RATEGAIN TRAVEL TECHNOLOGIES IPO – Dec 7 to De 9

RATEGAIN TRAVEL TECHNOLOGIES is coming out with a fresh public issue to raise Rs 1,335.74 crores from the market.

Key details of the issue:

  • Issue opens – Dec 7 (Tuesday)
  • Issue closes – Dec 9 (Thursday)
  • Issue size – Rs 1335.74 crores
  • Price band – Rs 405 to 425 per equity share
  • Bid lot – 35 shares and in multiples thereof

And here are some details of the company and further details on the RateGain Travel Technologies issue.

Company details:

·        Rategain Travel Technologies Limited is among the leading distribution technology companies globally and is the largest Software as a Service (“SaaS”) company in the hospitality and travel industry in India. They 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. They are one of the largest aggregators of data points in the world for the hospitality and travel industry. (Source: Phocuswright Report).

·        They offer a suite of inter-connected products that manage the revenue creation value chain for their customers by leveraging their big-data capabilities and integration with other technology platforms helping hospitality and travel providers acquire more guests, retain them via personalized guest experiences and seek to maximize their margins.

·        They began operations in 2004 with the introduction of a competitive intelligence price comparison product for hotels and have over the last 15 years, expanded their product portfolio to include artificial intelligence and machine learning capabilities that leverage their in-house data lake to offer products in the areas of rate intelligence, cognitive revenue management, smart distribution and brand engagement.

·        They deliver their hospitality and travel technology solutions through their SaaS platform and their products are classified into three strategic business units:

Data as a Service (“DaaS”) Distribution & Marketing Technology (“MarTech”).

·        Their success in product and technology innovation has been recognized through numerous awards and accolades, such as being the winner of the Deloitte Technology Fast50 Award in 2020 and the ‘Most Innovative Startup’ at the Economic Times Innovation Awards 2020.

·        As of September 30, 2021, they serve 1,462 customers including eight Global Fortune 500 companies. Their customers include Six Continents Hotels, Inc., an InterContinental Hotels Group Company, Kessler Collection, a luxury hotel chain, Lemon Tree Hotels Limited and Oyo Hotels and Homes Private Limited. They also count 1,220 large and mid-size hotel chains, 110 travel partners including airlines, car rental companies and large cruise companies and over 132 distribution  partners including OTAs such as GroupOn and distribution companies such as Sabre GLBL Inc., in over 110 countries as their customers, as of September 30, 2021. They service their customers in multiple geographies with local go-to market teams and as of September 30, 2021, have offices in six countries. As of September 30, 2021, over 415 customers have been associated with them for over five years and they have grown their customer base over the years.


 Issue size: Rs 1,335.74 crores


Employee Reservation

Equity shares aggregating upto Rs. 5 crores

Employee Discount

Rs. 40/- per share


 Issue break-up:

  • QIB – 75% of the net offer – Rs 998.05 crores
  • NIB – 15% of the net offer – Rs 199.61 crores
  • RET – 10% of the net offer – Rs 133.07 crores

Listing: NSE and BSE

Registrar: KFin Technologies Private Limited

UPI: All retail applications through brokers are compulsorily in UPI mode

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