RateGain Travel Tech has been subscribed 17 times: Allotment, listing date review and more
RateGain Travel Technologies (RateGain) IPO, which opened for subscription on December 8th has been subscribed by 17.41 times at the end of the final day of the issue. The company had looked to raise Rs 1,335.74 crore. **RateGain Tech IPO: Subscription details** The portion reserved for Qualified institutional investors making up 75% of the issue, got subscribed by 8.42 times. Non-institutional investors' portion saw the highest demand, with the portion reserved for them (15%) getting an overall subscription of 42.04 times. Retail portion got subscribed by more than 8 times. The details of subscription numbers across categories is listed below. |**Category**|**Subscription (times)**| | :-: | :-: | |QIB|8.42| |NII|41.05| |Retail|8.08| |Employee|1.36| |Total|17.49| **RateGain Tech IPO: INDmoney review recap** INDmoney had given a subscribe rating on the issue “Given the company’s leadership status as a SaaS provider in the hospitality space, healthy gross margins, strong runway for growth but aggressive valuations, investors with a higher risk appetite could consider investing in the issue. Risk of negative sentiments due to new variants of Covid could impact the prospects of the issue,” we had said in our [**December 6th report.**](https://www.indmoney.com/articles/rategain-ipo) RateGain IPO allotment date The finalization of Basis of Allotment for RateGain IPO will be done on Dec 14, 2021, and the allotted shares will be credited to your demat account by Dec 16, 2021. **RateGain IPO allotment date** The finalization of Allotment for RateGain IPO will be done on Dec 14, 2021, and the allotted shares will be credited to your demat account by Dec 16, 2021. **RateGain IPO listing date** The RateGain IPO listing date is yet to be announced. The tentative date of RateGain IPO listing is Dec 17, 2021.