Financial Insights

Rategain Travel IPO: Latest GMP, subscription status on last day of issue

Subscription: Fully Subscribed on final day of bid.

Retail Investors category: Overbooked by 5.24 times
non-institutional investors: Bid 1.44 times (overall subscription figure to 1.36x as of 12:45 pm, BSE data).Public Issue Duration: Three days opened from 7th Dec till December 9.
Price band: ₹405-425 per share as fixed by the software-as-a-service (SaaS) company.

Proceeds of Issue: They will be used for the payments of debt availed by RateGain UK (one of the subsidiary) from silicon valley bank. Acquisition of DHISO and strategic investments; acquisitions and inorganic growth.

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