31 Mar 2019
Assets284.90
Total Income272.70
EBITDA21.76
Profit After Tax11.03
NET Worth143.23
Reserves and Surplus142.49
Total Borrowing54.34
At a glance
Updated 2026-08-23RateGain is a Mainboard IPO with an issue size of ₹1,335.74 crore, proposed for listing on BSE, NSE. The issue structure includes a fresh issue of ₹375.38 crore and an offer-for-sale component of ₹960.37 crore.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹1,335.74 Cr
Fresh issue₹375.38 Cr
Offer for sale₹960.37 Cr
Face value₹1
Price band₹405.00–₹425.00
Allotment14th Dec 2021
Listing17th Dec 2021
Grey market
GMP page ↗Latest GMP₹18.00
GMP / upper price4.24%
Est. listing₹443.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens7th Dec 2021
Closes9th Dec 2021
Allotment14th Dec 2021
Refund15th Dec 2021
Demat16th Dec 2021
Listing17th Dec 2021
Subscription demand
Full bidding ↗Total17.41×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 35 | ₹14,875 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Repayment/prepaymentof indebtedness availed by RateGain UK, one of our Subsidiaries, from Silicon Valley Bank | ₹85.26 Cr |
| Payment of deferred consideration for acquisitionof DHISCO; | ₹25.20 Cr |
| Strategic investments, acquisitionsand inorganic growth | ₹80.00 Cr |
| Investment in technology innovation, artificial intelligence and other organic growth initiatives | ₹50.00 Cr |
| Purchase of certain capital equipment for our Data Center; | ₹40.77 Cr |
| General corporate purposes | ₹73.26 Cr |
Financials
Full financials ↗31 Mar 2020
Assets397.11
Total Income457.61
EBITDA28.70
Profit After Tax-20.10
NET Worth137.72
Reserves and Surplus136.98
Total Borrowing145.00
31 Mar 2021
Assets439.80
Total Income264.09
EBITDA6.16
Profit After Tax-28.58
NET Worth244.92
Reserves and Surplus244.12
Total Borrowing118.49
31 Aug 2021
Assets428.19
Total Income131.22
EBITDA-0.19
Profit After Tax-8.34
NET Worth244.20
Reserves and Surplus236.19
Total Borrowing112.93
Trend chart₹ crore
KPIs
| KPI | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs | 47.29 |
| 2 | Advertising and marketing expenses | 4.24 |
| 3 | Fees payable to the Registrar to the Offer | 0.57 |
| 4 | Brokerage and selling commission payable to SCSBs, Registered Brokers, RTAs and CDPs, as applicable and processing fees to the SCSBs and to the Sponsor Bank for ASBA Forms procured by Registered Brokers, RTAs or CDPs | 2.69 |
| 5 | Printing and distribution of issue stationery | 1.41 |
| 6 | Fees to regulators, including stock exchanges | 3.22 |
| 7 | Others | |
| 8 | (i) Book building, listing fees and other regulatory expenses; | |
| 9 | (ii) Fees payable to legal counsel; and | |
| 10 | (iii) Miscellaneous. | 13.42 |
Issue expenses
| Expense | Amount |
|---|---|
| Fees payable to the BRLMs | ₹47.29 Cr |
| Advertising and marketing expenses | ₹4.24 Cr |
| Fees payable to the Registrar to the Offer | ₹0.57 Cr |
| Brokerage and selling commission payable to SCSBs, Registered Brokers, RTAs and CDPs, as applicable and processing fees to the SCSBs and to the Sponsor Bank for ASBA Forms procured by Registered Brokers, RTAs or CDPs | ₹2.69 Cr |
| Printing and distribution of issue stationery | ₹1.41 Cr |
| Fees to regulators, including stock exchanges | ₹3.22 Cr |
| Others | — |
| (i) Book building, listing fees and other regulatory expenses; | — |
| (ii) Fees payable to legal counsel; and | — |
| (iii) Miscellaneous. | ₹13.42 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- Kotak Mahindra Capital Co.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-23.