RateGain Travel Technologies Limited raises ₹598.83 Crore from 34 marquee anchor investors

Spread the love

·         RateGain Travel Technologies allotted 14,090,136 equity shares to 34 anchor investors to raise ₹598.83 crore

·         40% participation from Domestic Funds

·         Some of the key anchor investors were GIC from Singapore, Goldman Sachs, ICICI Prudential Mutual Fund, SBI life Insurance, Nomura, Nippon mutual fund, Pinebridge, Axis Mutual Fund, Birla Mutual Fund, ICICI Prudential Life Insurance

·         Price Band fixed at ₹405 to ₹425 per Equity Share of face value of ₹1 each of RateGain Travel Technologies Limited

·         Non-anchor portion to remain open from Tuesday, December 07, 2021 to Thursday, December 09, 2021

RateGain Travel Technologies Limited (“RateGain” or the “Company”), which is among the leading distribution technology companies globally and are India’s largest Software as a Service (“SaaS”) company for the hospitality and travel industry, allotted allotted 14,090,136 equity shares to 34 anchor investors to raise ₹598.83 crore at the upper price band of ₹425 per equity share.

Some of the key anchor investors were GIC from Singapore, Goldman Sachs, ICICI Prudential Mutual Fund, SBI life Insurance, Nomura, Nippon mutual fund, Pinebridge, Axis Mutual Fund, Birla Mutual Fund, ICICI Prudential Life Insurance, to name a few.

GIC is the world’s sixth largest sovereign fund with over US$400 bilion in investments globally. GIC’s significant public market bets in India include mortgage lender HDFC Ltd, ICICI Bank, Bandhan Bank and Bharti Airtel, Reliance Retail Ventures.

Key anchor investors:

Sr. No.Name of Anchor Investor% of Anchor Investor Portion
1GOVERNMENT OF SINGAPORE11.67%
2MONETARY AUTHORITY OF SINGAPORE2.52%
3NOMURA INDIA INVESTMENT FUND MOTHER FUND10.02%
4ASHOKA INDIA OPPORTUNITIES FUND10.02%
5ICICI PRUDENTIAL SMALLCAP FUND3.34%
6ICICI PRUDENTIAL MIDCAP FUND3.34%
7ICICI PRUDENTIAL TECHNOLOGY FUND3.34%
8NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA FLEXI CAP FUND5.01%
9NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA CAPITAL BUILDER FUND IV – SERIES B0.17%
10NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA GROWTH FUND4.84%
11GOLDMAN SACHS FUNDS – GOLDMAN SACHS INDIA EQUITY PORTFOLIO10.02%
12PINEBRIDGE GLOBAL FUNDS – PINEBRIDGE ASIA EX JAPAN EQUITY FUND6.68%
13ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE SMALL CAP FUND2.51%
14ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE DIGITAL INDIA FUND2.50%
15SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICRO CAP SERIES – XV0.23%
16SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICRO CAP SERIES – XVI0.16%
17SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICRO CAP – SERIES – XVII0.13%
18SUNDARAM MUTUAL FUND A/C SUNDARAM EMERGING SMALL CAP – SERIES I0.32%
19SUNDARAM MUTUAL FUND A/C SUNDARAM SERVICES FUND0.83%
20ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED5.01%
21SBI LIFE INSURANCE CO. LTD5.01%
22AXIS MUTUAL FUND TRUSTEE LTD A/C AXIS MUTUAL FUND A/C AXIS FLEXI CAP FUND0.56%
23AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS SPECIAL SITUATIONS FUND0.56%
24AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS EQUITY SAVER FUND0.56%
25HSBC SMALL CAP EQUITY FUND0.41%
26HSBC LARGE AND MID CAP EQUITY FUND0.61%
27HSBC EQUITY HYBRID FUND0.42%
28HSBC TAX SAVER EQUITY FUND0.23%
29KUBER INDIA FUND1.67%
30JUPITER SOUTH ASIA INVESTMENT COMPANY LIMITED – SOUTH ASIA ACCESS FUND1.67%
31SEGANTII INDIA MAURITIUS1.13%
32BNP PARIBAS ARBITRAGE – ODI2.26%
33NOMURA SINGAPORE LIMITED ODI1.13%
34TANTALLON INDIA FUND1.13%

The Offer consists equity shares of face value of ₹1 each of RateGain Travel Technologies Limited comprising a fresh issue aggregating up to ₹3,750.00 million (“Fresh Issue”) and an offer for sale of up to 22,605,530 equity shares (“Offer For Sale”), comprising up to 17,114,490 equity shares by Wagner Limited (“Wagner” or “Investor Selling Shareholder”); up to 4,043,950 equity shares by Bhanu Chopra and up to 1,294,760 equity shares by Megha Chopra (together, “Promoter Selling Shareholders”); and up to 152,330 equity shares by Usha Chopra (“Other Selling Shareholder”). The offer includes a reservation aggregating up to ₹50.00 million for subscription by eligible employees (“Employee Reservation Portion”).

Bids can be made for a minimum of 35 Equity Shares and in multiples of 35 Equity Shares thereafter

Kotak Mahindra Capital Company Limited, IIFL Securities Limited and Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers to the Offer

Leave a Reply

Your email address will not be published.

Next Post

Mobil associates with 83, themost awaited movieof this year

Tue Dec 7 , 2021
Spread the loveMobil, a leading brand of engine oil in India has partnered with the most awaited movieof the year ’83’, that is set to […]
businessgujaratnews ©Copyright Theme: Default Mag by ThemeInWP

Quick Links