RateGain IPO allotment standing: RateGain Journey IPO allotment standing: This is methods to verify it

NEW DELHI: RateGain Journey Applied sciences, a Software program as a Service (SaaS) supplier whose preliminary public supply (IPO) attracted 17.41 instances subscription is prone to announce the allotment of shares by December 14.

The preliminary public supply (IPO) attracted 30,20,04,780 bids for 1,73,51,146 shares on supply, in response to the information out there with BSE. The IPO comprised a recent challenge of as much as Rs 375 crore and a proposal on the market of as much as 2,26,05,530 fairness shares, and the value band was fastened between Rs 405-425 per share.

The corporate had raised Rs 599 crore from anchor buyers. The journey and hospitality know-how companies supplier’s supply is anticipated to fetch Rs 1,335.73 crore on the higher finish of the value band.

Amongst different functions, proceeds from the recent challenge might be used for fee of debt availed by RateGain UK, one of many subsidiaries, from Silicon Valley Financial institution; fee of deferred consideration for the acquisition of DHISCO and strategic investments, acquisitions, and inorganic progress.

Traders, who had bid for the problem, can verify the allotment standing on the Bombay Inventory Change (BSE) web site:

  1. Go to
  2. Underneath the problem kind, click on Fairness
  3. Underneath the problem identify, choose RateGain Journey Applied sciences Restricted within the dropbox
  4. Write the appliance quantity
  5. Add the PAN card ID
  6. Click on on ‘I’m not a Robotic’ and hit submit.

You too can verify the allotment standing on the net portal of KFin Applied sciences Non-public Restricted (, the registrar to the problem.

The registrar is chargeable for complying with the timelines for updating the digital credit score of shares to profitable candidates, dispatching and importing of refunds, and attending to all investor-related queries after the problem is accomplished.

  1. Go to the net portal of KFin Applied sciences Non-public Restricted
  2. Choose the IPO in dropbox whose identify might be populated provided that the allotment is finalised
  3. You might be required to pick out both one of many three modes: Utility quantity, Shopper ID or PAN ID
  4. In utility kind, choose between ASBA and non-ASBA
  5. Enter the main points of the mode you chose in Step 2
  6. For safety functions, fill the captcha precisely
  7. Hit submit

Bidders who couldn’t get allotment within the IPO may even see the initialisation of refunds on December 15. Others, who could be allotted shares may even see the credit score of shares within the demat account by December 16. The counter could get listed by December 17.

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Written by colin


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