Presenting Partner

Life Insurance Corporation of India


Budget 2022

Associate Partners:

  • Kotak Mutual Fund
  • Pharmeasy
  • Indiabulls
  • SBI

Presenting Partner

Life Insurance Corporation of India


Budget 2022

Technology Partner

Dell Technologies

Associate Partners

Kotak Mutual Fund
Register Now!“Unlock Credit” Pre-Budget discussion on “Solving the enterprise lending and borrowing puzzle in Budget 2022” 29th January at 3pm

Subscribe to RateGain Travel Technologies: Arihant Capital

Arihant Capital has come out with its report on RateGain Travel Technologies. The research firm has recommended to ''Subscribe'' the ipo in its research report as on December 03, 2021.

December 03, 2021 / 03:50 PM IST
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Arihant Capital IPO report on RateGain Travel Technologies

RateGain Travel Technologies Ltd. (Rate) is among the leading distribution technology companies globally and the largest Software as a Service (“SaaS”) company in the hospitality and travel industry in India. Beginning operations in 2004 with the introduction of a competitive intelligence price comparison product for hotels, Rate has since expanded its product portfolio to include AI and machine learning capabilities that leverage an in-house data lake to offer products in rate intelligence, cognitive revenue management, smart distribution and brand engagement. The products are offered across a wide range of verticals including hotels, airlines, online travel agents (“OTAs”), meta-search companies, vacation rentals, package providers, car rentals, rail, travel management companies, cruises and ferries.

Valuation and Outlook

At the upper price band of INR 425, the company is valued at a P/BV multiple of 16x based off it’s FY21 NAV per share of INR 26. RateGain has been making losses from FY19 to 21. However, aggressive investors can subscribe for listing gain as its industry growth trajectory looks promising. The company is also a market leader in social media solutions with a loyal customer base, and has a diversified management team with domain expertise.

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