The shares of RateGain Travel Technologies disappointed investors on Friday. This IPO of the firm was listed on stock exchanges for a price that was discounted. The shares went on the market at a price of Rs 364.8 for each share. This is a decrease of by 60 rupees or 14% of that IPO cost of 425 shares. RateGain Travel Technologies was oversubscribed by investors earlier in the month when the company raked in $1,336 crore through its IPO that included a mix of new equity shares issued as well as an offer to sell existing owners of the firm. RateGain Travel Technologies had a market capitalization of $3,894 crore at the time of listing.
RateGain Travel IPO is open for investments today i.e. on December 7, 2012, and will end at the end of Wednesday (December 9).
RateGain Travel Technologies, one of the top companies that develop distribution technology was a bit weak in its debut on the market. The shares in RateGain can be found on BSE at Rs 365. However, the issue price was 425 rupees. This means that those who placed their money into the IPO earned a profit of 14 percent, or 60 rupees per share upon the listing.
Ratgain Travel Technologies' IPO Ratgain Travel Technologies, one of the largest distribution technology firms and has disappointed IPO buyers this morning (December 17). The shares were listed at a discount of 14 percent in the current market, amid a sluggish market. The shares were priced at the price of Rs 364.8 per share versus the price at which it was issued at Rs. 425. The the IPO of Rs 1336 crore received an overwhelming reception from investors.
RateGain IPO allotment has been completed and everyone is now focused at what will be the RateGain IPO listing date, scheduled for the 17th of December, 2021. After three days of bidding for the public offering of 1,335.74 crore 1,335.74 crore was shopped 17.41 times, while the retail component was filled 8.08 times. Prior to the listing of shares, RateGain share price has been rising in the gray market.
RateGain Travel Technologies IPO subscribed 42.02 times
Investors as well as Non-Institutional Investors (NIIs) had signed up 42.02 instances in the RateGain Travel Technologies IPO. QIBs, or Qualified Institutional Buyers (QIBs) were subscribed 8.42 times, and Retail quotas were occupied by 8 times.
How much money can you put into it?
Small investors i.e. small investors are able to bid as much as thirteen lots i.e. an amount of 1.93 lakh. In the IPO personnel of the business ...
What should investors do
Anil Singhvi suggests that the share price of RateGain is more suitable for those who have a mid - to long-term perspective. RateGain was anticipated to be a low-priced listing. Investors who are in the mid- to long-term are advised to keep shares. He claims that RateGain is a top company in hospitality and travel technology. The outlook for growth of the company is solid. The company's promoters are also very strong.
Details about the company
It is among the biggest distribution technology companies around the globe. It is also the biggest Software as a Service Company (SaaS) in the travel and hospitality industry in India.
The company offers hospitality and travel-related services such as airlines, hotels, online travel agents (OTAs) meta-search businesses, vacation rental companies package companies car rentals rail companies for travel management cruises and ferries.
What exactly does GMP signify?
Market Observers added it was believed that GMP is an estimate that is not official of the gains on listing from the IPO. Today, the Rategain IPO GMP is just Rs 45. This signifies that the grey market expects Rategain shares listed for sale at about Rs.470 (Rs 425 plus 45 Rs) that is within the region between Rs 405 and Rs $425 for each equity share. A little more than 10% over that price range.
Data Patterns IPO subscribed 119 times
On the other the other hand, Data Patterns (India) Ltd. is a manufacturer of electronic systems for the aerospace and defense industries. Their initial public offer (IPO) concluded on Thursday at 119.62x oversubscription. According to National Stock Exchange data, offers were accepted for 84,8985725 shares versus 70,97,285 shares that were allocated to the IPO on the day of the subscription.
Santosh Meena, Research Head, Swastika Investmart, says that RateGain's stack has been listed at a moment when the market is facing issues in relation to Omicron. Because of Kovid the business of RateGain will likely affect its business in the near long. However, the long-term outlook for the company is good so investors with a long-term perspective should buy the stock.
In the year of 2019, the business made profits of 11.3 crore. This grew to the figure of 20.1 crore by the next fiscal year. In the year that ended in 2021, the company made an income of 28.6 crore
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