RateGain Travel | Star Health | Tega Industries | Anand Rathi Wealth Ltd.| IPO's Analysis

  RateGain Travel Technologies Limited IPO :

RateGain Travel as a software as a service (SaaS) company in hospitality and travel industries in India and distribution technology operating globally. The company offers travel and hospitality solutions across travel verticals including hotels, airlines, online travel agents, metasearch companies, package providers, car rentals, and travel management companies. RateGain Travel provides inter-connected products to manage the revenue creation value chain, big data capabilities , and integration.

Business Units:

RateGain Travel provides travel & hospitality technology solutions through the Saas platform with three below listed business units :

1. Data as a service

2. Distribution

3. Marketing Technology

As of 30th June, it had over 1400 customers including eight global fortune 500 companies. Six continents hotels, Intercontinental hotels group, Kessler collection, Lemon Tree Hotels, Oyo Hotels, and Homes Pvt. Ltd. Are some of the marquee customers served by the company?

The offer includes a reservation of shares ₹ 5 crores for the employees of the company who will receive these shares with a discount of ₹40 / equity share to the final issue price. Proceeds from the fresh issue are aimed to be used for the payment of debt availed by RateGain UK, which is one of the subsidiaries of Silicon Valley Bank.

The RateGain IPO will be open for subscription on the 7th of December and closed on the 9th of December. The company fixed the issue price as ₹405 - ₹425/equity share. The top 10 customers of seven companies have been associated with it for over 10 years. It's a big strength of this company. 

As of June 2021, RateGain covered over 190,000 hotel properties and processed 7.46 million bookings through its channels. But at the time of lockdown due to covid -19, the movement restrictions impact negatively on the travel industry and could impact the company's business also. Mainly the company’s revenue comes from the limited no. of markets and unfavorable development in these markets could affect the business.

RateGain IPO FAQs :

What is the issue size of the RateGain IPO?
RateGain IPO issue size is INR 1,335.74 crore.

What are the opening and closing dates of RateGain IPO?
The opening date of IPO is the 7th of December 2021 and the closing date of IPO is the 9th of December 2021.

What is the face value of the IPO?
The face value of the IPO is ₹1/equity share.

What are the lot size and minimum order quantity of the IPO?
The IPO price band is ₹405- ₹425/equity share and the market lot size is 35 shares and the minimum order quantity is 35 shares.

Where is the RateGain IPO getting listed?
The shares are proposed to be listed on NSE and BSE.

What is the allotment date and IPO listing date?
The share allotment date is 14th December and the listing date is 17th of December.

What is the initiation of refund date for unsuccessful investors and credit of shares for successful investors?
The initiation of refund date is 15th of December and the credit of shares to the Demat account date is 17th of December.

Investment Limit of RateGain IPO:
You can apply a minimum of one lot and a maximum of 13 lots of this IPO and the amount required for one lot is INR 14,875 whereas the maximum investment allowed in this IPO is  INR 1, 93,375.

Here how to check share allotment online :

The allotment can be checked on the BSE Website.
Select equity share (RateGain Travel Technologies Limited)
Enter application no. and PAN no.
Finally check the box (I’m not a robot) and click on search.

Star Health and Allied Insurance IPO :

Star health IPO has been closed yesterday with the cold response of investors. Star health insurance is a very big name in India and one of the largest companies of private health insurance. And the big bull of Mr. Rakesh Jhunjhunwala is the main promoter of this company. Insight of that the IPO filled only 79%. If the 75% request was not received yesterday for an issue, then the company will refund the all amount to the investors and issue will be devolve.

 

So, everybody should ask the question what is the reason behind the cold response of the star health IPO? The company's work is very well, and the name is also famous in the market, but the reason is same as Paytm that the high share price and the investors main focus is price band (INR 870-900)of the IPO, which they didn't like in Star Health Insurance.

 

The experts of the market already assumed for the cold response of Star Health Insurance, so the experts advise to investors, invest your money in this company after listing or invest the money for long-term. So, wait for the listing (10th of December) of star Health and Allied Insurance.

Anand Rathi Wealth Ltd :

After health, we will talk about wealth. Anand Rathi Wealth issue is open 2nd of December. Mr. Anand Rathi is the owner of this company, who was the president of BSE and market expert. He is also a promoter of this company. The IPO of this company has a good response and filled on the first day. The company is managing the wealth of the HNI people and managing the portfolio and advising the people for their wealth . The minimum investment is INR 5 crore to 50 crore of the customer of this company. 

But there is some ready scheme to invest the money in this company and the investment manager is not actively managing your money. The current scenario is that the regulators didn’t focus on that type of scheme, which is managed by Anand Rathi Wealth. If the regulators changed the rules then this will impact the work of this company. The interested investors can apply for this IPO till the 6th of December. 

Tega Industries Limited IPO :

And last but not the least, Tega Industries, this company will be splashed in the market. Today is the last day of applying for the IPO, but the company IPO is fully subscribed even oversubscribed around 13 times. Mainly the retail investors apply this IPO just like a lottery. The company makes spare parts for mineral mining and bulk solids. This is the second-largest company all over the world to make spare parts for mineral mining and bulk solids. 

Only one thing that is negative about this IPO is that its complete offering for sale means company promotors and investors sell their all shares, And the money which comes from IPO goes to the promotors and investors. But the profit of this company is doubled every year, this is positive for this IPO. So the IPO is already hit Tega industries in the market. As per market experts, the investors will invest their money for profit gain and also interested people invest in this company after listing also.