RateGain Travel Technologies Limited IPO - Swastika Investmart Swastika

RateGain Travel Technologies Limited IPO

 

Rating
SUBSCRIBE

   Assign a “SUBSCRIBE” rating for moderate listing gain and long term.

www.swastika.co.in 

For additional information & risk factors please refer to the Red Herring Prospectus 

IPO Note 

RATEGAIN TRAVEL TECHNOLOGIES LTD. 

KEY MANAGERIAL PERSONNEL  

Bhanu Chopra is the Chairman and Managing Director of the Company. He is also one of the Promoters of the Company and has been a member of the company’s Board since incorporation. He is an entrepreneur with experience of over 15 years. 

Megha Chopra is an Executive Director of the Company. She is also one of the Promoters of the Company and has been a member of the Company’s Board since incorporation. Prior to her directorship in this Company, she was associated with HCL Infosystems Limited. 

Nishant Kanuru Rao is a Non-Executive Nominee Director of the Company. Currently, he is a partner at Avataar  Venture Partners, which was founded by him in 2019. 

Girish Paman Vanvari is an Independent Director of the Company. He was appointed to the Board of the Company on June 29, 2021.

Previously, he has been associated with KPMG, India as the national head of tax.  Currently, he is a partner at Transaction Square, which was founded by him in 2018. 

Aditi Gupta is an Independent Director of the Company. She was appointed to the Board of the Company on  July 15, 2021. She has experience of over 10 years as a company secretary. 

EC Rajakumar Konduru is an Independent Director of the Company. He was appointed to the Board of the  Company on July 15, 2021. He is a venture capitalist with an experience of over 13 years in equity investments. 

COMPETITIVE STRENGTHS 

Marquee global customers with long-term relationships 

Innovative AI-driven industry-relevant SaaS solutions.  

Diverse and comprehensive portfolio of revenue maximization and business-critical solutions

Strong financial performance with a track record of successful acceleration post acquisitions

Strong Global and diverse management team with relevant technology and domain expertise and focus on  employee welfare 

KEY STRATEGIES 

New product development capabilities. 

Continue to scale DaaS and Distribution offerings through cross-selling and geographical expansion in existing and  adjacent verticals 

Focus on MarTech solutions for the hospitality and travel sector 

Continue to leverage unique data assets to create new AI product offerings 

Pursue strategic investment and acquisition opportunities 

KEY CONCERNS 

The company is running at a loss for the last two financial years. 

The hotel and travel industry has suffered a lot due to the Covid epidemic. 

The activities of a small number of marketplaces account for a substantial percentage of their revenue.

Exchange rate changes may negatively affect their results of operations. 

Failure to defend their intellectual property rights may have a negative impact on their business and brand

Failure to deliver excellent customer service and assistance may have a negative impact on their existing client relationships.

www.swastika.co.in 

For additional information & risk factors please refer to the Red Herring Prospectus 

IPO Note 

RATEGAIN TRAVEL TECHNOLOGIES LTD. 

COMPARISON WITH LISTED INDUSTRY PEERS 

There are no listed companies in India that engage in a business similar to that of the Company. Accordingly, it is not possible to  provide an industry comparison in relation to the Company 

FINANCIALS (RESTATED CONSOLIDATED

Particulars (Rs. In Millions) FY 2021 FY 2020 FY 2019
Equity Share Capital 6.55 6.55 6.55
Instrument entirely equity in nature 1.48 0.85 0.85
Other Equity 2,441.18 1,369.84 1,424.89
Net Worth 2449.21 1377.24 1432.29
Total Borrowings 1117.93 1158.08 244.19
Revenue from Operations 2,507.93 3,987.14 2,615.74
EBITDA 194.57 338.59 328.84
Profit Before Tax (246.28) (177.62) 94.87
Net Profit for the year (285.75) (201.04) 110.34

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