Proceeds from it will be used for repaying debts availed by its subsidiary RateGain UK, payment of deferred consideration for acquisition of DHISCO and strategic investments, acquisitions as well as inorganic growth. The public issue will fetch the company Rs 1,335.73 crore at the upper price band.
The offer includes shares worth Rs 5 crore for the company's employees, who can subscribe at a discount of Rs 40 per share. The anchor book of the company is expected to open for a day on December 6. RateGain is the largest “software as a service” company in the hospitality and travel industry. Lot size for retail investors is Rs 14,875 for 35 shares in 1 lot and Rs 1,93,375 for 13 lots. Fresh issue is Rs 375 crore while the offer for sale is 2.26 crore equity shares and the IPO size is Rs 1,336 crore. RateGain Travel Technologies will bring its public issue between December 7 and 9, 2021. Rakesh Jhunjhunwala's wife Rekha Jhunjhunwala is the third largest shareholder in the company, with 14.73 per cent stake, while the promoter and promoter group own 83.99 per cent stake in it.
Remaining funds will be used for general corporate purposes. It is among the largest footwear speciality retailers and will use the proceeds from the fresh issue to open new stores under brands such as Metro, Mochi, Walkway and Crocs. Metro Brands' initial public offer consists of a fresh issue of Rs 295 crore, and an offer for sale of 2,14,50,100 equity shares by promoters. The price band and lot size will be announced later this week by the company. Here's a look at the four IPOs which will open this week:īillionaire investor Rakesh Jhunjhunwala-backed Metro Brands will come up with its IPO on December 10. In the first two days of its subscription between December 2 and 3, the IPO had been subscribed 3.02 times. between December 6 and December 14, four companies, namely Rakesh Jhunjhunwala-backed Metro Brands, RateGain Travel Technologies, Shriram Properties and CE Info Systems (MapmyIndia) will come out with their public offers.ĭecember 6 will also see the closing of Anand Rathi Wealth's IPO.
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