Rategain Travel Technologies Limited IPO Message Board (Page 12)

Applied 4 lots (25% capacity)
And hope same fund will be available in medplus as cut to cut date.

applied with half force (5) in retail only.

Everyone is silent now after 2full days response vs 3rd Day figures definitely it will list in premium only and premium will also rise now

Why there is sudden drop in NII category?

If you are at BSE Live data, please check the IPO name.

Will there be buyer demand on listing day? Experts please comment, as most of the demand on listing day is from institutions and instutions already 75% allocated.

Kaahe itna dimag lagate ho tum retailers? Stock market is a satta bazaar, idhar PhD na karo, see GMP or fundamental whatever you want and just apply.

Who will buy. What time they will buy. How much tax they will pay. This is not for retailers to think LOL.

I am applying in this IPO... Agree that it is overvalued but going with the subscription numbers / sentiments / momentum

Nimit bhai maal laav....Todd

This is 20% plus listing candidate.

Agree Amit bhai.... Maal laav!!! 🔥🔥🔥

Hni no r good I m apply this ipo....

Viraj bhai ur from Santacruz west, mumbai?

Dear Friends,

Sorry for the newbie question, but is there any chance I can be allotted more than 2 lots in HNI category if I apply for 100 lots and NII oversubscription is 50 ? I am concerned I might end up getting much more than 2 lots and then the IPO tanks.

2 lots only

No.

However, in case some bids are at the price which is less than the issue price to be announced, then you may get more shares than the anticipated 2 lots. However such chances are very very remote.

The Crow Verdict: As a SaaS company that facilitates pricing dynamics for travel and hospitality chains at a time when similar companies (though not in the travel sphere) like Freshworks made history in other bourses, you would think RateGain is an inventive business. However, you should note that this SaaS product only contributes less than 38% to the revenue, which has suffered a lot due to Covid-19. Still, its martech and other verticals look interesting, but the distribution model lacks any moat if you are thinking on those lines.

As a business, I feel it might have been a good scrip to ride the tech wave in India, but that is where the asking valuations come into the picture. At nearly 18 P/E and 7.5 P/B, the asking price is high for a company that incurred losses in 2020 and 2021. With a fresh issue component that''s less than 30%, a falling GMP (from 140 on Dec 1 to 80 on Dec 7), and face value of Re. 1, the valuations and fundamentals look weak.

Therefore, I recommend only looking at the subscription numbers on the 3rd day at 1.30 PM and then take a call. Even then, you should be an aggressive risk-taker because listing pop looks unlikely.

Read flags: 4 out of 12 parameters. Skip if QIB and Total subscription is <3x.

18 P/E?

QIB and Total subscriptions are good. Applied 2 retail applications for 10% gains. No long term view on this.

Not applied as my cutoff is minimum 25% GMP

This is also new technology company IPO. One should apply for mid n long term.

I have applied 10 applications in this ipo. Lets hope for better listing

@lokes @monster
Are you applying?

@lokrs,
Should I apply in retail or HNI? Whete did u apply?

@spipo: you can go in retail but you may not be allotted in retail as per lottery.
For HNI, its about how much risk you can take. if going in HNI then better go with 50 lots only not much.

@admin chittorgarh.com Just a suggestion, you can place of voting meter for each ipo for Apply vs Avoid for registered users. (in % term with total votes) ... This may benefit all of us for right decision ...... Thanks

I think it should be a simple Apply or Avoid.. not 1-5 rating scale.

Also live number of votes can be shown in visual graphic style like a pie chart

Also, one should be able to change their vote as opinion changes as QIB and NII subscription data emerges on last day.

Ram Ram
I agree with u 100%

GMP-60-65

Galat nahi hai...in manyavar ke paas internal data hai jo pehle ajata hai but public ko thoda der se milta hai...this confirms that he is either Employee of the Company or existing Investor in the Company or Employee of the Merchant Bankers to this IPO!

The Company maybe the next Google or the next Reliance Power...beware and sure about your money!

I''ve skipped entirely from retail and HNI...no need to take unnecessary risk for some marginal profits! Keep minting!

Have replied on a separate thread. It was a gaffe. I was refreshing data of RateGain and somehow Anand Rathi stats showed up. Apologies to all, please check data yourself now :)

Mr Drakesh @ 167.47, from where you are getting those subscription figures. it is 3.13 and not 10 times overall as you mentioned.

NSE: https://www1.nseindia.com/products/content/equities/ipos/ipo_current_rategain.htm (click on bid details) and
BSE: https://www.bseindia.com/markets/publicIssues/BSEDemandSchedule_new.aspx?Scripcode=5604

Add those figures to get the total oversubscription.
Chittorgarh is facing delays, overall subscription is actually over 11.5x rn

Was a gaffe from my side. I apologize to all. Accidentally on refreshing BSE RateGain status, it was showing data from Anand Rathi and that''s what i posted.

RateGain still going strong however. Let''s see.

Noticed, that people are quarreling with each other whether its good or bad IPO. Quarreling for Apply or not.
Its very simple. Those who want to apply, apply. Those who don''t, don''t apply. No one forcing other. Its all personal views and every can take decision on there risk and return calculation.
Life is simple, but we make it complex.

good one duckkyduck....

Lot of retail application will be because of FOMO after reading comments from members

Nse live subscription data does not match with data reflected on chittorgarh

Ya there will always be a lag, all they can do is try to minimise the delay. Chittorgarh is compiling data from nse and bse and then presenting. The fastest updates will always be on the original sources.

It''s 1:50 now and qib is already subscribed by 2.06x. Now there are high chances that qib subscribes atleast 7.00x .

Qib 4.00 x + now. Apply with full force

Risk taken.

Placed one application for 20 lots. At best I may get one lot, which will not make any difference whether lists at discount or premium.

Hni not less than 50x

I''m a retail investor. I also applied (I had applied on day 2).

For me, I felt they are present in between crucial institutions and helping the mechanism work. Like, I always used to wonder how do various OTA players keep track which flight seat, which hotel room, which bus ticket is booked when they display to a new user? [For trains everything is managed by irctc in the end so no doubts there]

But in these cases, there are so many airlines, hotel chains, bus chains etc involved, so I would often wonder do each of the OTA players have tie ups with each of the suppliers? Surely someone must be managing that from between. Learning about the distribution business is when I realised that it''s players like Rategain who co-ordinate these things.

Ngl, it gave me a bit of feeling like Route. Don''t wanna compare them at all (because I think route is a bigger name in its niche than rategain is in its), but rategain too feels like the middle hand invisible to the end user which is helping the whole infra run.

Sure, maybe the valuations are too much and maybe they are yet to recover from the pandemic. But they feel like one of the decently-sized fishes in their niche, and the niche seems to be solving an important problem (many people have said that there are many other bigger players like rategain already in that space. I would appreciate if someone can drop a few names, it would help me compare the sizes).