Rategain Travel IPO allotment: Know when, where and how to check the status

Rategain Travel IPO allotment: Rategain Travel IPO comprising a fresh issue of up to ₹375 crore. Here know, when you can expect the allotment status.

Rategain Travel IPO allotment: The final allotment of the IPO is expected on December 14. (Rategain Travel)

Rategain Travel IPO allotment: Rategain Travel Technologies Limited concluded its three day long initial public offering on Thursday, December 9 with a good response from investors as the issues got subscribed 17.41 times of the offer. The issue was started for the IPO on December 7. The software-as-a-service (SaaS) company received bids of 302004780 shares against 17351146 shares. The company set the price range of the IPO between ₹405 to ₹425 per share. Rategain Travel IPO comprised a fresh issue of up to ₹375 crore and offered sale of up to 2,26,05,530 equity shares. Following the closing of the public issue, the grey market value (GMP) of the company is at ₹45.

The shares reserved for qualified institutional buyers (QIBs) were subscribed 8.42 times with 79084950 shares against the offered 9393424 shares, while non-institutional investors were subscribed 42.04 times with 197452290 shares. The retail individual investors (RIIs) were subscribed 8.08 times. According to the NSE data, shares for the employees' segment were subscribed 1.37 times. The company raised ₹599 crore from key investors. At the top end of the pricing range, the travel and hospitality technology services provider's offer is estimated to fetch ₹1,335.73 crore.

When to expect the final allotment of the Rategain Travel IPO? Now after the closing of the subscription of Rategain Travel IPO, investors must be excited to check the allotment status online. The final allotment of the Rategain Travel IPO is expected to be announced on Tuesday, December 14. The lucky investors will get the credit of shares in their demat accounts by December 16, if the allotment will be announced according to the schedule. The listing of shares is expected on December 17 on the leading stock exchanges NSE and BSE.

Where to check the allotment status? You can check the status online at the official website of BSE - bseindia.com and on the website of the official registrar of the company's IPO KFin Technologies Private Limited - ris.kfintech.com. Here is the direct link to check via BSE - https://www.bseindia.com/investors/appli_check.aspx and KFin Tech - https://ris.kfintech.com/ipostatus/ipos.aspx.