Rategain Travel Technologies Limited which had tapped the capital markets with its fresh issue for Rs 375 crs and an offer for sale of 2,26,05,530 equity shares was oversubscribed 17.40 times. The issue had opened on Tuesday the 7th of December and closed on Thursday the 9th of December and had a price band of Rs 405-425.

The QIB portion was subscribed 8.42 times, HNI portion was subscribed 42.04 times, Retail portion was subscribed 8.06 times and Employee portion was subscribed 1.37 times. There were 6.63 lac applications and on basis of lots the retail portion of the issue was subscribed 7.42 times.

Earlier the company allotted 1,40,90,136 equity shares at Rs 425 to 20 anchor investors comprising of 34 entities. The highest allocation was made to Government of Singapore who was allotted 16,44,650 shares or 11.67% of the anchor book. Along with its associate, Monetary Authority of Singapore who was allotted 2.45% of the anchor book or 3,55,355 shares. The total allotment was 20,00,005 shares or 14.19% of the anchor. This was followed by an allotment of an equal 10.02% or 14,11,795 equity shares to 4 entities which comprised of two FII’s and two domestic mutual funds. The FII’s were Ashoka and Nomura while the domestic funds were ICICI Prudential and Nippon. The top five anchor investors were allotted 76,47,185 equity shares or 54.27% of the anchor book.

Full details of the subscription are given below: –