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IPO Details


Rategain Travel Technologies Ltd
Registered Office: M-140 Greater Kailash Part II, , New Delhi - 110048, New Delhi
Phone: 91-120-5057 000
Email: compliance@rategain.com
Website: www.rategain.com
Initial public offering of 31,441,282* equity shares of face value of Rs. 1 each (Equity Shares) of Rategain Travel Technologies Limited (Company or Issuer) for cash at a price of Rs. 425.00 per equity share (including a share premium of Rs. 424.00 per equity share) (Offer Price) aggregating to Rs. 1335.73 crores, comprising a fresh issue of 8,835,752* equity shares aggregating to Rs. 375.00 crores (Fresh Issue) and an offer for sale of 22,605,530* equity shares aggregating to Rs. 960.73 crores (Offer for Sale, and together with the fresh issue, Offer), comprising 17,114,490* equity shares aggregating to Rs. 727.36 crores by Wagner Limited (Wagner or Investor Selling Shareholder); 4,043,950* equity shares aggregating to Rs. 171.86 crores by Bhanu Chopra and 1,294,760* equity shares aggregating to Rs. 55.02 crores by Megha Chopra (together, Promoter Selling Shareholders); and 152,330* equity shares aggregating to Rs. 6.47 crores by Usha Chopra (Other Selling Shareholder and together with investor selling shareholder and promoter selling shareholders, Selling Shareholders, and such equity shares, Offered Shares). The offer includes a reservation of 129,870* equity shares, aggregating to Rs. 5.00 crores (constituting 0.12% of the post-offer paid-up equity share capital), for subscription by eligible employees (Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as Net Offer. The offer and net offer shall constitute 29.45 % and 29.33 %, of the post-offer paid-up equity share capital of the company, respectively. *Subject to finalisation of basis of allotment.
Issue Money Payable On
Opens On Closes On Application Allotment
07-Dec-2021 09-Dec-2021 425.00 0.00
Minimum Application for shares in Nos : 35 Further Multiples of : 35
()Cr. Lead Managers to the Issue
Project Cost 375.00 IIFL Securities Ltd
Project Financed through Current Offer 1,335.74
Post Issue Equity Share Capital 10.68
Issue Price 425.00
Projects
Repayment/Prepayment of Indebtedness availed by RateGain UK, one of the Subsidiaries, from Silicon Valley Bank
Payment of Deferred Consideration for Acquisition of DHISCO
Strategic Investments, Acquisition and Inorganic Growth
Investment in Technology Innovation, artificial Intelligence and Other Organic Growth Initiatives
Purchase of certain Capital Equipment for the Data Center
General Corporate Purposes
Promoted By
Bhanu Chopra
Megha Chopra
Listing At
BSE
NSE
Registrar to the Issue
KFin Techologies Ltd

INDIAN INDICES

Sensex

84,202.76 1,017.96 (1.22%)

Nifty

25,692.00 276.20 (1.09%)

GLOBAL INDICES

USD

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NASDAQ

18,013.98 440.68 (2.51%)

HANG SENG

18013.16 353.14(2.00%)