Business & Investment

RateGain Travel Tech IPO Subscription Status: Live Update on Day 2

RateGain Travel Technologies Ltd. The initial public offering of Rs1,335.70-crore was 0.48 times, or 48%, as of 11:00 am on the second day.

The IPO received a muted response on the first day of the bid and ended the first day with 0.41 subscriptions. The retail portion of the offer was fully subscribed within the first hour of opening on Tuesday, while the portion reserved for institutional investors was not subscribed. The IPO will end on December 10th.

According to its red herring outlook, the problem of software companies as a service consists of new issuance of shares worth 375 rupees and sale of 960.7 rupees by promoters and other investors.

The company will sell its shares for Rs 405-425 per share, limiting its market value to Rs 4,536.7. The IPO constitutes 29.44% of the postpaid stock capital. The promoter will continue to hold 56.2% after the sale of shares.

Subscription details: Day 2

As of 11:00 am on December 8th, the IPO had 0.48 applications, or 48%.

  • Institutional investor: 0 times.

  • Non-institutional investors: 0.04 times.

  • Individual investor: 2.60 times.

  • Employee: 0.37 times.

RateGain Travel Tech IPO Subscription Status: Live Update on Day 2

https://www.bloombergquint.com/markets/rategain-travel-technologies-ipo-subscription-status-day-2-live-updates RateGain Travel Tech IPO Subscription Status: Live Update on Day 2

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