RateGain Travel Technologies IPO Subscribed 41% On First Day Of Issue
NDTV
It received total bids for 71,88,090 shares across both the stock exchanges against 1,73,51,146 shares on offer, according to BSE data
The initial public offer (IPO) of RateGain Travel Technologies, which opened for subscription on Tuesday, December 7, 2021, was subscribed 41 per cent at the end of first day's bidding.
It received total bids for 71,88,090 shares across both the stock exchanges against 1,73,51,146 shares on offer, according to BSE data.
The portion reserved for retail investors had been subscribed 2.23 times and that of employees saw a 34 per cent subscription.
RateGain Travel Technologies is planning to raise Rs 1,335.74 crore from the IPO which consists of an offer for sale of Rs 960.74 crore and fresh issue of Rs 375 crore. Under the offer for sale (OFS) its investor Wagner Limited along with its promoters Bhanu Chopra, Megha Chopra and Usha Chopra are offloading over 2.2 crore shares.
