RateGain Travel Technologies offer travel and hospitality technologies to hotels, airlines, online travel agencies (OTAs), meta-search firms, package providers, car rentals, rail, travel management organizations, cruises, and ferries, among other verticals.
They are one of the globe ‘s leading data integrators for the hotel and travel industries. They deliver a portfolio of interlinked solutions.
They started operating in 2004 with the launch of a market research price contrast product for hotels. They cater to a vast and constantly expanding total addressable market. They are increasing their product portfolio rapidly.
Their Product includes artificial intelligence and machine learning functionality that utilise their in-house data lake to offer rate intelligence, cognitive revenue governance, and smart distribution merchandise.
Third-party travel and hospitality technology is expected to be a US$ 5.91 billion market in 2021, with a CAGR of 18% to reach an approximately Usd 11.47 billion in 2025.
The travel technology market is also benefiting from industry digitalization tailwinds in the post COVID times.
Their SaaS platform is where they provide their hotel and travel technology solutions, and their products are divided into three strategic business units:
Delivers competitive intelligence as well as insights. They can offer suppliers and demand providers with the capacity to link to data and information in order to boost acquisition and conversion rates. They provide information in two categories:
Market intelligence: This gives customers access to a large amount of price and availability data, as well as insights on current trends, opportunities, and market changes.
Dynamic Pricing Recommendations: They employ their unique dynamic pricing technology to help some areas of the travel industry that have historically used a flat or seasonal pricing structure optimize income.
They provide mission-critical distribution between top lodging companies and their demand partners, comprising availability, pricing, inventory, and content connection.
Distribution also allows bookings to be delivered back to hotel systems, ensuring seamless operations and accurate reporting.
Their MarTech solution improves the visitor experience to boost guest happiness, reservations, and loyalty. They also manage social media for luxury travel suppliers, allowing them to respond to social media interactions 24 hours a day, seven days a week, as well as efficiently maintain their social media accounts and execute promotional programmes.
RateGain Travel Technologies Limited, headquartered in New Delhi has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of INR 400 crore value equity shares & 22,605,530 equity shares on 16 August 2021.
The Offer includes INR 400 crore value fresh equity shares and There is an offer for sale (OFS) of 22,605,530 equity shares by the promoters mentioned in the DRHP.
They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 439.80 | 397.11 | 284.90 | ||
| Total Revenue | 264.09 | 457.61 | 272.70 | ||
| Profit After Tax | (28.58) | (20.10) | 11.03 | ||
| Financial Period | Basic EPS (in INR) | Diluted EPS (in INR) | Weight |
| Financial Year 2021 | (3.09) | (3.09) | 3 |
| Financial Year 2020 | (2.27) | (2.27) | 2 |
| Financial Year 2019 | 1.24 | 1.24 | 1 |
| Weighted Average | (2.10) | (2.10) |
The main business capabilities, they think, enable them to compete effectively in the industry:
There are no publicly traded firms in the nation with a range of products and services equivalent to theirs, or a scale of operations comparable to them.
| IPO Opening Date | November 2021 |
| IPO Closing Date | November 2021 |
| Issue Type | Book Building |
| Face Value | 1 per share |
| IPO Price | 0 to 0 per equity share |
| Market Lot | – |
| Min Order Quantity | – |
| Listing At | BSE, NSE |
| Issue Size | – |
| Fresh Issue | 400 Crore |
| Offer for Sale | 22,605,530 equity shares |
| IPO Opening Date | November 2021 |
| IPO Closing Date | November 2021 |
| Basis of Allotment Date | November 2021 |
| Initiation of Refunds | November 2021 |
| Credit of Shares to Demat Account | November 2021 |
| IPO Listing Date | November 2021 |
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 75 | Roughly equivalent |
| Non Institutional Investor | 15 | Roughly equivalent |
| Retail | 10 | Minimum level of 1 lot, based on availability, for every shareholder. |
Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.
Here, you can find the Allotment Status of RateGain Travel Technologies IPO.
RateGain Travel Technologies IPO review will depend on the price band. Whenever it will be announced we will update you regarding review of rategain IPO is good or bad.
According to Phocuswright, the worldwide travel and tourism sector contributed 10.4% of global GDP prior to COVID-19 in 2019, however it confronts a number of difficulties, the most serious of which is low digitalization and fragmented, non-interoperable technologies. COVID-19, on the other hand, has advanced the digitalization of client interactions with hotels and travel agencies. As a result of these developments, hotel and travel firms are expected to migrate away from in-house solutions and toward third-party software and services (Source: Phocuswright Report).
They offer a system that bridges the data gap throughout the hotel and travel industries in a rapidly expanding world of travel technology suppliers.
They offer interoperable solutions that make use of data from both internal and external sources, unlock value via integration, and allow for better, quicker, and automated decision-making.
They service approximately 1,400 customers, comprising 8 Fortune 500 organisations from throughout the world. Six Continents Hotels, Inc., a subsidiary of InterContinental Hotels Group, Kessler Collection, a luxury hotel brand, Lemon Tree Hotels Limited, and Oyo Hotels and Homes Private Limited are among our clientele.
As of June 30, 2021, They have 1,186 large and mid-size hotel chains, 104 travel partners as well as airlines, car rental companies, and large cruise companies, and over 144 distribution partners such as OTAs like GroupOn and distribution companies like Sabre GLBL Inc. as clients in over 110 countries.
They have operations in six countries and serve their clients in various regions with local go-to-market teams.
| Pre Issue Share Holding | 81.50% |
| Post Issue Share Holding |
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