Brokers usually take bids until: Zerodha 4:45 PM, Groww 4:50 PM, Angel One and Upstox 5:00 PM (HNI 4:00 PM). Check the exact time with your broker or bank.
Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Repayment or prepayment of borrowings
-
Payment of deferred consideration for the DHISCO acquisition
-
Strategic investments and inorganic growth
-
Technology innovation and AI-related investment
-
Purchase of data center capital equipment
-
General corporate purposes
-
No lots distribution added yet.
(₹ in Crore)
Tap a bar to highlight a metric across periods and show its values.
No peer comparisons added yet.
RateGain Travel Technologies Limited is a global distribution technology company and describes itself as the largest Software as a Service (SaaS) provider serving the hospitality and travel industry in India. The company works with hotels, airlines, online travel agencies, package providers, car rentals, cruise lines and other travel businesses, helping them manage pricing, distribution and demand across channels. The business is organized into three units: Data as a Service, which supplies market and pricing intelligence; Distribution, which connects hotel and travel inventory to booking channels; and Marketing Technology, which covers digital marketing and guest engagement tools. As of mid 2021 the company reported serving more than 1,400 customers, including eight Fortune 500 companies, across more than 100 countries. RateGain has grown partly through acquisitions, including the DHISCO reservation-distribution business, and has continued to invest in cloud and AI-driven products for the travel sector. The IPO combined a fresh issue of shares, used mainly to repay borrowings and fund technology and acquisition-related payments, with an offer for sale by existing shareholders.
Ahead of the public issue, RateGain raised about Rs 599 crore from anchor investors at the upper price band, with allocations to a mix of large domestic and international institutions including the Government of Singapore and the Monetary Authority of Singapore, Nomura, Goldman Sachs, PineBridge, HSBC, ICICI Prudential, Nippon Life India Trustee, Aditya Birla Sun Life Trustee, Sundaram Mutual Fund, SBI Life Insurance and Axis Mutual Fund.
Source: RHP • Analysis provided for informational purposes
Last Updated: 20 July 2026, 5:30 PM
Global distribution technology leader
Positioned as one of the leading distribution technology companies worldwide and the largest SaaS provider for the hospitality and travel sector in India.
Large, blue-chip customer base
Serves over 1,400 customers, including eight Fortune 500 companies, spanning hotels, airlines, online travel agencies and other travel businesses.
Diversified product lines
Operates through three complementary business units, Data as a Service, Distribution, and Marketing Technology, reducing reliance on any single revenue stream.
Revenue decline and losses
Revenue fell from about Rs 458 crore in FY20 to Rs 264 crore in FY21, and the company posted net losses in each of the recent fiscal years shown.
Profitability pressure from acquisitions
Despite positive gross-level margins, amortization of acquisition costs and depreciation have pushed the company to a net loss, raising questions about near-term profitability.
Premium valuation versus net assets
The issue was priced at a high multiple of net asset value, implying the offer largely reflects growth expectations rather than current earnings.
Rategain Travel Technologies Limited
Company contact details are not available.
No financial information whatsoever published anywhere, within this website, should be considered as an advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this website. The information on this website is based on information available as on date coupled with market perceptions.
You agree with the terms and conditions to use this website.
Grey-market disclaimer. GMP shown here is grey-market news only. We do not trade or deal in the grey market or subject-to rates, nor do we recommend trading in the grey market.
Not investment advice. IPO Nex is an information tool, not investment advice. We do not recommend buying or selling any securities. Always do your own research before applying to any IPO.
IPO Nex does not guarantee any listing gain or return. IPO investments are subject to market risks.
All times are IST.
© 2026 IPO Nex by Niota. All rights reserved.