Rategain Travel IPO to opens Dec 7; check grey market premium here

Rategain Travel Technologies' IPO opens for subscription on December 7 and is attracting a 30% premium over its issue price in the grey market.

IPO Details:

Price band: Rs 405 to Rs 425
Issue date: Dec 7 to 9
Lot size: 35 shares
Min. investment: Rs 14,875 per lot
Grey market premium: Rs 120 or 30%

About the company:

Rategain Travel Technologies is one of the leading distribution technology companies globally and the largest Software as a Service (SaaS) provider in the travel and hospitality industry in India.

It serves over 1,400 customers including 8 Global Fortune 500 Companies. Six Continents Hotels, InterContinental Hotels Group, Kessler Collection, Lemon Tree Hotels, Oyo Hotels, and Homes Pvt Ltd are some of the marquee customers served by the company.