RateGain’s IPO opens today, grey market premium at ₹85

• RateGain intends to raise ₹1,335 crore through this IPO.
• The company is seeking a valuation of ₹4,537 crore.
• The company has over 1,434 customers spread across 110 countries.

The initial public offering (IPO) of RateGain Travel Technologies will open for subscription today, December 7, at 10:00 a.m.

RateGain has set the price brand at ₹405-₹425 and the lot size has been fixed at 35 shares. A retail investor will have to shell out ₹14,175 to buy a lot at a lower end price of ₹405.

The software-as-a-service (SaaS) platform, which solely focuses on the travel and hospitality segment, intends to raise ₹1,335 crore at a valuation of ₹4,537 crore (about $600 million) with this public issue.

RateGain’s grey market premium (GMP)…