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RateGain Travel files draft papers with Sebi to raise funds via IPO

RateGain 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

IPO market
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The initial public offer (IPO) comprises a fresh issue of equity shares, aggregating up to 400 crore and an offer for sale (OFS) of up to 2.26 crore shares by promoters and existing shareholders, according to the draft red herring prospectus (DRHP).

Press Trust of India New Delhi
RateGain Travel Technologies, a travel and hospitality technology services provider – has filed draft papers with markets regulator Sebi to raise funds through an initial share sale.

The initial public offer (IPO) comprises a fresh issue of equity shares, aggregating up to 400 crore and an offer for sale (OFS) of up to 2.26 crore shares by promoters and existing shareholders, according to the draft red herring prospectus (DRHP).

The OFS comprises a sale of 1.71 crore equity shares by Wagner Limited, up to 40.44 lakh shares by Bhanu Chopra and up to 12.94 lakh shares by Megha Chopra and up to

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