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RateGain IPO

Open 7th Dec 2021 · Close 9th Dec 2021 · Listing 17th Dec 2021

Price Band₹405.00–₹425.00
Live GMP₹18.00
Subscription17.41×
Issue Size₹1,335.74 Cr
Allotment14th Dec 2021

IPO Objectives

RateGain IPO — dedicated ipo objectives page.

Objects of the Issue

#PurposeEstimated Amount
1Repayment/prepaymentof indebtedness availed by RateGain UK, one of our Subsidiaries, from Silicon Valley Bank₹85.26 Cr
2Payment of deferred consideration for acquisitionof DHISCO;₹25.20 Cr
3Strategic investments, acquisitionsand inorganic growth₹80.00 Cr
4Investment in technology innovation, artificial intelligence and other organic growth initiatives₹50.00 Cr
5Purchase of certain capital equipment for our Data Center;₹40.77 Cr
6General corporate purposes₹73.26 Cr