RATEGAIN IPO GMP TODAY (LIVE DATA) Latest Grey Market Premium Updates

Rategain IPO GMP Today, Rategain IPO Grey Market Premium Updates|Rategain IPO Listing Gain, Latest target, Opening gain

Rategain Travel Technologies initial public offer (IPO) is set to open for subscription on December 07 and close on December 09, after it received capital market regulator Sebi’s go-ahead to raise Rs 1,335 crore through public issue. The retail quota is 10% with QIB 75% and HNI 15%.

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. The firm offers travel and hospitality services across different verticals like hotels, airlines, online travel agents, meta-search companies, package providers, car rentals, cruises, and ferries.

Rategain Travel delivers travel and hospitality technology solutions through the SaaS platform through 3 business units; 1. Data as a Service (DaaS), 2. Distribution, and 3. Marketing Technology (MarTech).

Check out Rategain IPO grey market premium, Kostak rates, and subject to sauda rates as of today.

Rategain IPO Details:

Issuer Rategain Travel Technologies Limited
Issue Type Book Built Issue IPO
Issue Period Issue Opens: Dec 07, 2021
Issue Closes: DEC 09, 2021
Price Brand ₹405 to ₹425 Per Share
Issue Size ₹1335 Cr
Face Value Rs.1 per Equity Share
Market Lot 35 Shares
Maximum Bid amount for Retail ₹1,93,375
QIB 75% of the issue size
NII 15% of the issue size
Retail Individual Bidders 10% of the issue size
Employee Discount ₹40
Fresh Issue ₹375 Cr
Offer for Sale ₹960 Cr
Listing at NSE & BSE
Apply With Upstox Free DEMAT Account
Equity 22,605,530 Shares
Grey Market Price Rategain IPO GMP Today

Rategain IPO GMP Rates day by day

Rategain IPO Grey market premium as of today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
HNI COST ₹29
17 DEC 2021 ₹19
16 DEC 2021 ₹19 ₹300
15 DEC 2021 ₹30 ₹500
14 DEC 2021 ₹35 ₹800
13 DEC 2021 ₹42 ₹500
12 DEC 2021 ₹50 ₹500
11 DEC 2021 ₹42 ₹250 ₹800
10 DEC 2021 ₹45 ₹250 ₹800
09 DEC 2021 ₹100 ₹300 ₹800
08 DEC 2021 ₹105 ₹250 ₹1700
07 DEC 2021 ₹80 ₹250
06 DEC 2021 ₹120 ₹250
05 DEC 2021 ₹120 ₹250
04 DEC 2021 ₹130 ₹200
03 DEC 2021 ₹135 ₹200
02 DEC 2021 ₹100 ₹200

Rategain IPO Market Lot:

 Lot Size:  Minimum 35 Shares & Maximum 455 Shares
 Minimum Amount:  ₹14,875
 Maximum Amount: ₹193,375

Rategain IPO Allotment & Listing:

 Basis of Allotment: DEC 14, 2021
 Refunds: DEC 15, 2021
 Credit to Demat Account: DEC 16, 2021
 Listing Date: DEC 17, 2021

How to Apply for Rategain IPO?

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How to Apply the Rategain IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Rategain”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Rategain IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Rategain”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

PARENT COMPANY FOR SHAREHOLDER QUOTA

IPO ALLOTMENT TIPS & TRICKS

Disclaimer:

– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamental of the companies.
– This is only coverage of News related to Grey Market . We don’t deal in Grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.

What is Grey Market?

Grey Market is the term used to describe unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.

This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:

  • Trade of IPO shares at a grey market premium
  • Trade of IPO application at a kostak.

What is Grey Market Premium?

GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.

This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.

Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.

What is Kostak?

Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.

It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:

Example:

IGL Limited
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720

This means IGL IPO applications of Rs 13500 are being traded in IPO Grey Market at Rs 695 to Rs 720.

Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.

As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.

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