Rategain Travel Technologies Limited IPO Message Board (Page 17)

Paid stooges of the Company and TA Associates...galore!

Greetings @NeoLongus!

Delighted to see that you noticed it as well. We did too and have debunked some of their false narratives but the eventual result is always in the hands of the investor.

We have tried to warn long term and HNI investors to tread with caution on this one while discussing not only the business but also the financial aspects in brief; all the while advising prospective investors to carefully read through the RHP and discuss it with a seasoned professional having sufficient combined exposure in technology, travel, and finance.

With stags, they are in it only for listing gains and its a whole different story. They are never in it to win it and for them, its all in and out and thats what its all about. Its the naive investors who get stuck eventually.

Kudos once again for taking notice of the ''New Member'' propaganda.

Best Wishes & Happy Investing!

@VPS - Agreed. The business, founders and management team are good but the valuation is crazy pathetic! At best, some 3-4x revenue but at 10/11x FY20 revenue! I''d bow out...let the profitability show up and then if it looks promising many of us would be willing to buy it even at 20x revenue like many of us did for Zomato/Nykaa...but for now...

RateGain...Not so much medium/long term ProfitGain for me! Keep minting!

Agreed. Never seen such desperation in ''good'' marketing on this forum.

Yes, very very expensive
Will think applying only after subscription numbers will be good.

@ neo sir,
A thanks from all of common investors for the analysis of RATGAIN ipo.

Please, appreciate your analysis and views on ARW ipo, so that we can make an informed call on this.

Already, picture is clear for TEGA ipo - no doubts on this.

Thanks in advance 🙏

@K.Atar - I too am a commoner like everyone else here and learning from and sharing on this forum.

Will share my perspective on ARW soon...but between the runaway success of Tega and the strong (much to my surprise) GMP of RTT, ARW doesn''t seem to stand much of a chance despite its 50x of FY21 and 25x of FY22 PE. There are numerous other AMC''s, Depositories, Exchanges, Wealth Managers that are listed and are perceived to be better investment stories. Wind seems to be behind Tega/RTT/ARW/Star and in that order. Keep minting!

@ Neo sir,,
even the above analysis will do the job on ARW. Got the hint.
On RTT the gmp is may seem surprising - but we all flow with the sentiments of the market and make some decent money.

May God bless YOU and all the Gurus of this forum more in years to come.
Thanks 🙏🙏

ONE WORD...SKIP!

Hope today''s lesson is well recieved. RTT doesn''t deserve the valuations the management and existing investors are seeking or the GMP that the market is attributing.

Maybe Omicron will turnout to be a damp squib and thereby bettering the prospects of this business but valuation will still be crazy and better to buy once price in the market has settled after IPO rather than buy though an IPO.

Also, @VSP has shared some excellent perspectives on the fundamentals and business analysis. Must read!

Competition and Ecosystem is always a good way to understand valuation of a company – so competitors mentioned in DRHP is SiteMinder. Similar sized to RateGain at around 350 Cr revenue and got listed this year in Australia Stock Exchange at INR 12,600 Cr valuation (which is 35X multiple).
This valuation is also similar to how Freshworks was valued
The outside world is able to understand travel-technology because of a lot of players that exist there already – but Indian market does not as of today and that will work in favor of early retail investors who jump on the bandwagon
Based on their current runrate of August 31st in RHP – they will do around 300 Crore this year and removing the 400CR primary existing shares would be valued at around 12-13X which is quite low for SaaS model

According to EquityBulls article 2 hours back.

The IPO is valued at 18.1x FY21 price-to-sales and 15.1x FY22 annualized price-to-sales, which is at a discount of 27.3x to PayTM and 31.7x to Zomato (at CMP). While there is no listed peer available for a direct comparison to RateGain in the domestic market, its valuations at ~50% discount to unicorns like Zomato and Paytm give comfort on valuation front. In the new era of internet and AI-based software services, we believe the premium valuation of company is likely to sustain. Covid-19 has accelerated the digitization process of customer interactions with hospitality and travel companies. These changes are likely to lead to a shift in business practices by hospitality and travel companies from an in-house solution model to third party software and services model. RateGain serves a large and rapidly-growing total addressable market. Third party travel and hospitality technology are likely to clock a CAGR of 18% over the next five years and indicates a healthy growth in the long run. In view of the high growth potential, unique business propositions with minimal competition and valuation comfort, we recommend SUBSCRIBE with a long-term perspective.

@ Drakesh

You are advocating for long term investment. Does it mean it has nothing at present? Why should we count the chicken before it is hatched that too at a sky high cost ?

EquityBulls with this sort of a recommendation will sure drag us all into a Bear phase by helping us lose our money.

How can they justify a 15/20x price/sales valuations based on Paytm with which the entire investor community had a dreadful experience and future remains uncertain. As for comparison with Zomato, it operates in an industry with currently only 1 large peer in India (Swiggy) and with a huge market opportunity in India and beyond - the strong listing and the trending of the share price since then is enough vindication! Also they both are essentially B2C companies and Rategain is a B2B company...completely misleading recommendation!

Seems like another paid stooge at work!

If ones needs to rely on such a selection of companies to justify their valuation then there really is no sense in justifying a valuation at all!

@drakesh Using an excerpt from an article to justify the pricing isn''t going to help u convince others. If you are sure, you apply.
equitybulls comparing rategain with zomato and paytm is the biggest joke and nonsensical article i''ve come across. First of all paytm should not even deserve this valuation so its out of question. Zomato operates in a highly monopolistic environment presently where its only competitor is swiggy and the potential to grow business is multifold.
Rategain has not shown any improvement as such in its core business that it should demand such valuation. The sector is attractive but the valuation is a joke.

15% down from IPO price of 425 to 360 and with apparently significant further downward pressure...so unfortunate to see all this red on the RTT screen! Please be judicious in IPO selection!

@neolongus sir it gave 1300 profit in anand rathi where you posted: "ONE WORD...SKIP!"
so things always don''t happen same way

@Montyy - Sure but what I feel is that less than 10% pre-tax profit in an IPO where money is locked up for a week is more a fluke than a discerning judgement. Also, all my opinions are based on applying and holding in companies for the long term and not for an IPO flip. I don''t believe in IPO flipping and in investing base on GMP''s since there is enough evidence to suggest that it can be managed. Hope that explains why I said SKIP for both AR and RTT. For those who believe in IPO flips and GMP and rightfully enjoy the chance of 10% profits and/or a chance of equivalent or more losses, my opinions on IPO''s should not matter. To each their own! Keep minting!

😅😅😅😅😅😅

yaha to jawabi mushayra chal raha hai. 😂😂🤣😂😂😂😅