RateGain Travel Technologies is listing tomorrow; GMP at ₹45 per share
Dec 16, 2021, 10:42 IST
- RateGain IPO has received good response from investors as it has been subscribed 17.41 times in the three days of subscription process.
- The company intended to raise ₹1,335 crore through this public issue.
- Shares of the company are demanding a premium of ₹45 per share in the grey market.
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If you have been allotted shares of RateGain Travel Technologies, remember its shares will get listed on exchanges tomorrow, December 17.Shares of the company are demanding a premium of ₹45 per share in the grey market.
In the three days of initial public offering (IPO) bidding process from December 7 to December 9, the issue received great response from investors as it was subscribed 17.41 times.
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.
It has raised ₹1,335 crore through this public issue of shares. The price range of RateGain’s IPO has been set at ₹405-₹425. further, shares of the company are demanding a premium of ₹45 per share in the grey market
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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.
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