RateGain IPO Live Subscription Status

Live subscription status across each investor category and analyst recommendations
Rategain-IPO-Subscription

RateGain IPO Subscription Status: LIVE

RateGain, incorporated in 2004, 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

Investor CategoryQuotaSubscription
Institutional (QIB)75%8.42x
Non-Insti. (HNI)15%42.04x
Retail (RII)10%8.08x
Employee1.37x
Total Subscription100%17.41
Last updated on
09 Dec 2021 | 5:00 PM

RateGain IPO Subscription: Analyst Recommendations

RateGainSubscribe for Longterm

“High revenue concentration from top clients is a key risk for RateGain, The price band of Rs 405-425 implies P/S of 18x on FY21 sales of Rs 250 crore. Global vertical SaaS peers are trading at P/S of ~14x FY21 sales. We believe premium valuations are justified given its superior non-replicable product portfolio and highly predictable, scalable, and profitable business model,”

Mehta Securities – Subscribe for Longterm

“At this juncture, the issue appears to be aggressively priced on negative earnings status and may generate interest in investors for first-mover advantage post-listing, Overall negative earnings status is a concern as of now but growth prospects are optimistic in nature. Only risk-seeking investors can consider subscribing to the IPO with a long-term perspective”

Arihant Capital – Subscribe

“Though RateGain has been making losses from FY20, it is a market leader in social media solutions with a loyal customer base and has a diversified management team with domain expertise,”

RateGain IPO Subscription: End of Day Update

DayDay 1Day 2Day 3
QIB0.00x 0.00x 8.42x
HNI 0.04x 0.08x 42.04x
Retail 2,23x 3.98x8.08x
Employee 0.34x 0.72x 1.37x
Total0.41x 0.75x 17.41x

RateGain IPO Subscription: Key IPO Details

TypeValue
Issue Size₹600 Cr
Fresh Issue08/12/2021
Offer for Sale10/12/2021
Face Value₹10/- per Equity Share
IPO Price₹113 – ₹118
Lot Size 125 shares
LotsMin 1 – Max 13

RateGain IPO Subscription: Financials

201920202021 Mar2021 June
Revenue from Ops₹261.57 Cr₹398.71 Cr₹250.79 Cr₹125.27 Cr
Prof Before Exp. Items₹9.49 Cr₹(17.76) Cr₹(24.63) Cr₹(4.64) Cr
Profit after Tax₹11.03 Cr₹(20.10) Cr₹(28.56) Cr₹(8.34) Cr
EPS (Basic)1.24(2.27)(3.09)(0.86)
₹ in Crores, except EPS

EPS (Avg*)P/E (Floor)P/E (Cap)
Based on basic EPS(2.10)
* Weighted Average for last 3 years

RateGain IPO: Comparison with listed industry peers

As per RHP, there are no listed companies in India whose business portfolio is comparable with that of Rategain’s business and comparable to the scale of its operations.

RateGain IPO Subscription – FAQs

1. How to apply for RateGain IPO in the Retail Category?

A: An investor in the retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account

2. How to apply for RateGain IPO in HNI Category?

A: An investor can apply in the HNI category only through the ASBA process via bank account

3. Where can I find the Red Herring Prospectus (RHP) details?

A: You can visit the NSE or SEBI website for these details. Alternately you can click here: RHP

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