RateGain Travel Technologies Ltd. is one of the main distribution era agencies withinside the global and the biggest Software-as-a-Service (“SaaS”) agency withinside the hospitality and tour enterprise in India. The agency whose challenge is to be the main sales maximization platform for the hospitality and tour enterprise, might be launching its first public imparting on December 7.

Here are 10 key matters to realize earlier than subscribing to the general public trouble:

1. IPO Dates
The provide will open for subscription on Tuesday, December 07 and the remaining date for subscribing to the provide is ready for Thursday, December 09.

2. Price Band
The agency has constant a rate band of Rs 405-425 in keeping with proportion having face price of Rs 1.

3.Offer Details

The agency hopes to garner Rs 1,335.7 crore on the higher rate band of the provide.

The public incorporates a clean issuance of stocks really well worth Rs 375.zero crore, and a proposal on the market of as much as 2,26,05,530 fairness stocks via way of means of promoters and buyers.

The promoters Bhanu Chopra, Megha Chopra, and Usha Chopra will liquidate 54.ninety one lakh fairness stocks at the same time as investor Wagner will offload 1.seventy one crore fairness stocks thru OFS.

Rs five crore really well worth of stocks withinside the provide are reserved for the personnel of the agency who gets the stocks at a reduction of Rs forty in keeping with proportion to the very last trouble rate.

Current shareholding of promoters stand at 65.four percentage with a purpose to come right all the way down to 55.zero percentage after the difficulty.

4.Objectives of the Issue
The agency might be the usage of the proceeds from the difficulty to element finance its plans for repayment/prepayment of the debt of its UK subsidiary (Rs 85.three crore), price for deferred attention for acquisition of DHISCO (Rs 25.2 crore), strategic funding for inorganic growth (Rs 80.zero crore), funding in era innovation – synthetic intelligence etc. (Rs 50.zero crore), purchases of capital gadget for Data Center (Rs forty.eight crore) and trendy company purposes,

5.Lot Size & Investor’s Reserved Portion
Investors can bid for a minimal lot length of 35 fairness stocks and in multiples of 35 stocks thereafter. Retail buyers can make investments not less than Rs 14,875 for one lot, and their most funding could be Rs 1,93,375 for thirteen lots.

Up to seventy five percentage of the difficulty is reserved for certified institutional buyers (QIBs), 15 percentage for non-institutional buyers, and the ultimate 10 percentage for retail buyers.

6. Company Profile & Industry
The agency began out its operations in 2004 with the creation of a aggressive intelligence rate assessment product for hotels. Since then, it has extensively improved its product portfolio to encompass AI and system studying abilties that leverage an in-residence records lake to provide merchandise in fee intelligence, cognitive sales control, clever distribution and emblem engagement. The merchandise are supplied throughout a extensive variety of verticals which includes hotels, airlines, on-line tour agents (“OTAs”), meta-seek agencies, excursion rentals, package deal providers, vehicle rentals, rail, tour control agencies, cruises and ferries.

It is one in all the biggest aggregators of records factors withinside the global for the hospitality and tour enterprise.

As of the primary 1/2 of of the contemporary fiscal, the agency’s patron base changed into produced from 1,462 clients which includes eight Global Fortune 500 agencies. Its clients encompass 25 out of the pinnacle 30 OTAs, numerous of the global’s fastest-developing airlines, 23 of the pinnacle 30 resort chains, 7 main vehicle condominium agencies, big cruise traces agencies, and the biggest tour control agencies. The agency delivered 272 energetic clients from one hundred ten nations all through the 3 12 months duration from FY19 to FY21.
7 of the pinnacle 10 clients (via way of means of sales) had been related to the agency for extra than 10 years.

SaaS merchandise are categorized beneathneath 3 enterprise units— (1) DaaS (Data as a Service), (2) Distribution and (three) MarTech (Marketing Technology).
Third celebration tour and hospitality era is predicted to be a $five.ninety one billion marketplace in 2021, developing to an predicted $11.forty seven billion in 2025 at a CAGR of 18 percentage.

7. Financials
During the remaining 3 monetary years, the agency had published general sales of Rs 272.7 crore in FY19 with a internet income of Rs 11.zero crore. In FY 20, the agency registered general sales of Rs 457.6 crore and incurred a lack of Rs 20.1 crore. The sales for FY21 got here in at Rs 264.1 crore and the loss changed into at Rs 28.6 crore.

For the primary 5 months ended on August 31, 2021 of FY22, the agency has published general sales of Rs 131.2 crore and a lack of Rs. eight.34 crore. Though the agency has been incurring losses when you consider that FY20, its gross margins had been above seventy six percentage all through this duration.

The control has clarified that on the gross level, the agency has wholesome high-quality margins, the amortization of the fee of acquisitions and depreciation provisioning has led to a loss at internet level.

 8.Key Risks
Its enterprise is depending on the hospitality and tour enterprise that’s extraordinarily touchy to financial situations and changed into significantly impacted via way of means of the pandemic. Any in addition spike in pandemic will break the fitness of the agency.

Company’s pinnacle 10 clients contributed near forty percentage of its sales all through the preceding three monetary years. Losing some of those pinnacle customers may also extensively effect the financials of the agency.

It is based on third-celebration records facilities and cloud computing providers. Any technical trouble or different issues with those centers should jeopardize the shipping of the platform and adversely effect the operations of the agency.

It has a records of losses and any losses in destiny intervals should significantly have an effect on the enterprise.

9. Promoters & Management
Bhanu Chopra has been related to the agency when you consider that inception and is the Chairman and Managing Director of the agency.

Megha Chopra has additionally been related to the agency when you consider that incorporation and is the Executive Director of the agency.
ishant Konaru Rao is the Non-Executive Nominee Director at the same time as Girish Paman Vanvari, Aditi Gupta and EC Rajkumar Konduru are the Independent Directors of the agency.

Key Managerial Personnel

Harmeet Singh is the Group Chief Executive Officer of the agency when you consider that October 2019. Tanmaya Das is the Chief Financial Officer, Sahil Sharma is the Global Human Resources Head and Sachin Sharma is the Company Secretary and Compliance Officer.

10. GMP, Listing & Allotment Date
The gray marketplace top rate for the IPO is presently at Rs a hundred and twenty in keeping with proportion as in keeping with IPO watch.

The proportion allotment gets finalized via way of means of December 14 and the unsuccessful buyers gets refunds of their financial institution bills via way of means of December 15 at the same time as a hit buyers gets stocks of their demat bills via way of means of December 16.The buying and selling in fairness stocks at the BSE and NSE will begin with impact from December 17.