Shares of RateGain Travel Technologies will list on the bourses on December 17RateGain Travel Technologies' shares are anticipated to note on the bourses tomorrow on Friday, December 17 at a healthy premium of around 10 percent and above, mainly due to the good response which its preliminary public deal (IPO) had actually gotten previously this month, analysts said.The business's shares will be listed on National stock exchange in addition to on Bombay stock exchange.The Software application as a Service (SaaS) business in the hospitality sector, had mopped up Rs 1,335.74 crore at a cost of Rs 425 per share as its IPO was subscribed 17.41 times between December 7 and 9.Non-institutional financiers' part of the public problem was subscribed 42.04 times, while certified institutional buyers' part as well as that of retail financiers were oversubscribed.
The employees' part was scheduled 1.37 times.The IPO consisted of a fresh problem of Rs 375 crore and an offer-for-sale of Rs 960.74 crore by selling shareholders, including Wagner, Bhanu Chopra, Megha Chopra, and Usha Chopra.
The deal had actually consisted of shares worth Rs 5 crore for the company's employees.