RateGain Travel Technologies stock listed at Rs 364.80, a decline of 14.16 per cent from the issue price on the BSE. It further tumbled 19.45 per cent to Rs 342.30.
RateGain IPO witnessed bids for more than 30 crore shares and was oversubscribed 17.41 times. The retail investors and QIBs bid for more than eight times their allotted portions.
RateGain IPO witnessed a positive and robust response from the retail investors and the portion was subscribed 4.86 times (486 per cent). It had fixed a price band of Rs 405-425 a share.
Investors had bid for 59.19 lakh equity shares against an IPO size of 1.73 crore units. The portion reserved for retail investors had been subscribed 1.87 times.
The Rs 1,335 crore-IPO of the travel and hospitality technology services provider will conclude on December 9. It consists of an offer for sale of Rs 960.74 crore and a fresh issue of Rs 375 crore.
The IPO comprises a fresh issue of equity shares aggregating up to Rs 375 crore and an offer-for-sale (OFS) of up to 2.26 crore equity shares by promoters and existing shareholders.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
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