Rategain Shares Lists On 15 Percent Discount Over Issue Price Of 425 Rupees


RateGain Shares Listing: Shares of Rategain Travel Technologies have been listed on the stock market today and its shares have made a weak entry in the market. Against the issue price of Rs 425, the company’s shares were listed on NSE at Rs 360, at a discount of 15.30 per cent from the issue price. Rategain Travel showed a slight recovery in early trade and its shares were trading at Rs 381.80.

How was the response to the IPO?
The RateGain IPO was subscribed 17.41 times in the three-day bidding time period of December 7 to 9. Its retail share was subscribed 8.08 percent. The issue was subscribed 8.42 times in the QIB category and 42.04 times in the QIB category.

Know about Rategain’s IPO
Rategain Travel Technologis’s IPO went on the market for subscription to investors in early December. RateGain Travel’s IPO was open from December 7 to December 9. The company had fixed a price band of Rs 405 to Rs 425 per share for its issue. For the investment of shares in the company’s IPO, a minimum of one lot and a maximum of 13 lots could be invested.

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corporate planning
Rategain Travel Technologis The target was to raise Rs 1355 crore in the market through IPO. Today the company was expecting a good listing, but due to the Corona period still not over, the difficult times are not over for the travel companies, so the company’s shares are listed at a discount.

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Learn about the company’s business
Rategain Travel technologis is the largest Software SA Service (SaaS) provider company in India’s travel and hospitality industry. The company provides travel and hospitality services for hotels, airlines, online travel agents, package providers and car rentals, cruises and ferries.

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