The Initial Public Offering of Rategain Travel Technologies Limited that opened for subscription on Decmeber 7 will close today, December 9, 2021. On the second day of opening of the issue, the IPO was subscribed 75 per cent at 5 pm, showed data with the BSE. Against 1,73,51,146 shares on offer, the IPO received bids for 1,29,32,815 shares on Wednesday.
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Reatail quota was oversubscribed at 3.98 times, NIIs booked the issue 0.08 times and employees quota saw 72% bidding on the Day 2.
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As the issue closes today, what should be investors doing on Thursday?
Marwadi Shares and Finance Limited
Well, dubbing the valuation expensive,…